Description

Franchise selling popular milk tea drinks and yoghurt including milk tea series, purple rice and fruit yoghurt series, mango coconut series etc. and using the original and freshest ingredients to create healthy and delicious drinks. The signature drinks are mango milk flower and mango sago. Popular brand milk tea business. Around 35 stores in Australia. This stores takings include around 10% home delivery through online ordering system.

Potential

Great upside potential. A hands on motivated owner operator could boost sales and make more profit. Suits family business.

Features

Great location. Excellent fitout. Franchise ongoing support. Easy operation by juniors.

Premises

Unique designed and nicely presented shop with an area approx. 40 m2.

Location

Prime location in busy foot traffic shopping centre next to major supermarket in South Sydney suburb.

Trading Hours

7 days - 10 am to 7 pm. Thursday till 9 pm. Saturday till 8 pm.

Lease

5 years lease commenced 19 January 2021 - CPI. + 2.5% annual increases. -3 months bond.

Employees

Under management-11 casuals-most are juniors ( 2-3 staff daily ).

Comments

The rent includes all outgoings. Misc.- 1-Refers to franchise royalty fee currently 3% of sales. New royalty fee will be discussed. Keen vendor wants quick sale due to the business being too far away from home and is also involved in a full time job. A good buy opportunity for an investor or an owner operator alike. A must to inspect.

SBX ID

M2207