Jesters Pies Franchise For Sale
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About this business for saleJesters Pies Franchise For Sale
The hard work is done! After 2 years this well-established Jesters Franchise is turning a profit and is showing great increases year on year. It comes with a well-established customer base, running an on-line loyalty card with over 2500 members. This franchise is also running a mobile Pie Truck/shop which delivers hot pies with a capacity of up to 250 pies to local businesses daily accounting for a third of the T/O. This has room for expansion should the purchaser wish to due to the fast growth of the area. Weekends and after hours sees the Pie Truck on the road attending local events and festivals. The possibilities are endless with an area stretching from Puhoi to East Coast Rd, including Orewa and all of the Hibiscus Coast.
Jesters Pies started in Australia and has been established in NZ for 16 years with over 19 franchises. This franchise is the newest off the block with all the new branding and café style set up. Jesters Pies is now owned by No 8 Retail who are a larger retail group that own Caltex’s and Subways as well as some Burger Fuels over the North Island and Australia. The Brand is going places, selling Jesters Pies at many Caltex garages and looking for further expansion.
The Vendor advises that the store is presently doing a T/O of $7500 to $8000 dollars a week with T/O continuing to grow.
Millwater/Silverdale is one of the hottest new areas growth wise as seen on Seven Sharp, with high future growth and a new major retailer opening in the area early next year including a 30 shop mall and yet another major retailer planned on the other shop side, which is bound to only increase sales. The current lease has another 6 years to run with a right of renewal for 2 x 8 years but the landlord is happy to sign a new lease to the purchaser.
The current owners reluctantly need to sell due to personal commitments.
If you want an easy to run business with a great future don’t miss out on this opportunity.
+64 9 930 0200
+64 21 800 280
*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.