Lifestyle Coffee & Convenience Store in PolytechnicListing: #EL02167
About this Business for sale in Bay of PlentyLifestyle Coffee & Convenience Store in Polytechnic
The most strategically located convenience store in the Bay of Plenty region.
A location that ticks all the right boxes for the modern convenience operator. No long hours, no cigarettes, no weekends and a well above industry average gross profit due to the product mix on offer. 100% of the sales revenue is derived from Fresh Coffee, Pies, Chocolates, Sandwiches, Beverages and Snacks.
GROSS PROFIT MARGINS OF OVER 45%
A modern and extremely well-presented store operating from 7 am – 5 pm Mon to Fri and 8 am – 12 noon on a Saturday.
Please note that this is a franchised business and the ideal store operator is required to dedicate a minimum of 35 hours per week to the operations between Mon – Friday. Currently this store is owned by the Franchisor and is fully staff managed with turnover of $24,000 to $26,000 weekly. An owner operator should be able to further enhance the current performance due to the captive customer base.
This is not a typical dairy operation, and the opportunity to become a part of this niche operations will only be available to operators that possess the following:
- Willingness to work within the business with a focus on extreme quality and cleanliness
- Enjoy interacting with customers and engaging with the local community
- Treat team members as a part of the business family
- Take pride in operating their business ethically and maintaining the highest possible standard for the outlet
Previous experience in managing a Food and Beverage business, Lunch Bar, Service Station, Café or a Catering business is preferred.
Franchisor will support and train the potential candidate on:
- Management Accounting
Some Vendor finance may be available for the right operator. All applicants will be interviewed by the Franchisor or a nominated agent to assess the financial ability and fit with the business prior to disclosing location and revenue details. The earnings may be well worth for someone in the corporate world to switch to a retail business that allows for a good work life balance.
Asking $695,000 + SAV
Please Contact 'Team A'
Anil Vazirani on DDI: 09 525 2645; MOB: 021 0277 8149
Ron Vazirani on DDI: 09 555 6036; MOB: 021 294 2978
+64 9 555 6020
+64 21 0277 8149
*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.