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Here’s an opportunity you can only dream of. Due to unforeseen circumstances, Wholly Bagel’s most successful store on Willis street is for sale. The owner has had a combination of health issues and family issues that require him to return overseas as soon as possible. This presents a huge opportunity for a new owner to get in on the ground floor at a massively discounted price, well below original entry cost. The current owner added pizza to the menu within the last 2 years and sales have continued to grow exponentially. There is barely a quiet moment in the store with the morning crowd collecting a breakfast bagel and coffee for $6, then the morning tea crowd stopping in for regular bagels and coffee, followed by the lunch crowd who come in for bagels and pizza. After 3.00 it’s the after school rush with hungry students buying bagels and pizza on their way home. This business literally never stops. Inner city dwellers cap off the day with after work pizza and pizza deliveries for dinner around town. All this business and we haven’t even mentioned the corporate catering they do during the day.
Wholly Bagels Willis St generates weekly sales of $20,000. This is a cookie cutter business, with all the systems in place, a well-established brand and a market that loves the product and is hungry for great service. There are great opportunities moving forward with clearly identified business efficiencies that will save the new owner 000’s of dollars.
The current owner is selling direct to a new owner, and the Franchisor is looking for someone with food experience to join the Franchise group. Their looking for someone with passion, personality, drive and commitment, and if you have previous business experience, particularly in food, even better!! If you’ve ever wanted to be in business for yourself or run your own café, this is an opportunity that you can’t afford to let slip by. Opportunities like this are seldom seen twice.
The Vendor is not putting a price on this opportunity and the business is offered By Negotiation. Don’t wait any longer. Pick up the phone and call me and I’ll show you how to structure a deal so you get started on your road to success. You’ll be very surprised at how good the buying will be for this high profile, well branded food business in the heart of Wellington City.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
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