WENDY'S SUPA SUNDAES Takeaway Food - Property ID: 652247
The Wendy's franchise network of ice cream retail stores was founded in Australia over 25 years and now has 300 stores across Australia & New Zealand. One key element of Wendy's business is SIMPLICITY. There are not long hours preparing food or cleaning machines.
Wendy's EARLVILLE has been owned & operated by only 2 owners since 1991 and is located in a prime position within STOCKLAND shopping centre, one of the largest shopping malls in Cairns.
The store is number 1 in its region of 40 stores, in the top 3 in Queensland and in the top 20 in Australia. The business has full control over its own pricing with the franchisor setting recommended retail pricing.
Products include: Chilla's & Smoothies, Hot dogs, Ice cream, Supa-Shakes and other Soft drinks.
Wendy's is surrounded by other quality businesses such Woolworth, Big W, LENARDS to name a few, and what is considered to be the best thoroughfare in the shopping centre.
A full renovation of the store will be completed before the venue of a new owner resulting in an outstanding fit out & presentation.To start a store of that size from scratch would cost between $250/280,000.00 and GST
Trading hours are: Monday to Sunday 9am to 5.30pm and Thursday closing at 9 Pm
The Business will be sold on a Walk in Walk out basis and is priced at $370,000.00 or nearest offer 7 years accountant figures are available. The turnover is increasing and is in excess of $600,000.00; (it has not been affected by the economy downturn) Before wages the business show a net profit of $250,000.00 a year. The replacement value of equipment is about $100,000.00
A franchisor 3 weeks training to the new owner to the value of $8,000.00 is included in the selling price.
The current Owner & the Franchisor will be pleased to discuss any aspect of the business with a prospective purchaser. For a full inspection contact Billy Gartner