Horsham VIC 3400
$295,000 Negotiable

DESCRIPTION

Phone enquiries - please quote property ID 14694

The business is a Wendys franchise and part of a proven system that has been operating in Australia for over 30 years. If you buy this business you will be a member of a family of 250 stores throughout Australia and New Zealand.

The Horsham business operates 7 days a week but trading on Sundays and public holidays is optional.

It is currently operated by a husband and wife team who work 5 to 6 days a week usually Wednesday to Sunday. They employ 9 casuals aged between 23 and 15 years.

The business has 14 months remaining on a 7 year lease which is due to expire 31/7/2015. The lease is held by Wendys and they will negotiate a new 7 year lease when the time comes. A new lease can be negotiated before settlement if the purchaser wishes and they will have input into the negotiations. Rent is currently $44315.28 pa. Outgoings are $5040 pa and promotion expenses are $2276.40 pa. All figures are excluding GST and are paid monthly in advance.

A Royalty of 6% and an advertising levy of 4% are paid out of sales, for which you will receive cutting edge marketing support in the form of menus, TV advertising and in store promotional support material.

It is a very easy business to run with no special skills necessary other than a willingness to serve your customers in an efficient and friendly manner and a happy outgoing disposition.

The sales of the business have increased by 16.5% for the financial year to 30/4/14 and the MAT is currently $469081. The franchisee and his wife have netted $125000 in the 10 months to 30/4/14. Sales are made up of 39% hot dogs and meal deals, 39% drinks, including shakes, smoothies, coffees, soft drinks, slushies and 22% ice creams, sundaes, donuts and ice cream cakes.

Wendys provide comprehensive training in a training store for 3 weeks and in a classroom for a week in Adelaide. The cost to the buyer for this is $10,000. There will also be legal costs of about $2000.

The franchisee needs to sell quickly as he has accepted a position as the Regional Manager for Wendys Vic and Tas and will be relocating to Melbourne. Accordingly he is negotiable on price and will consider any offers near the sale price.

The business will be placed under management until it is sold.

Reason for selling - franchisee has accepted a position with Wendys and will be relocating to Melbourne.

Price - $295,000 (Negotiable) plus stock of no more than $5000.

Detailed financials including a section 52 certificate will be arranged when requested.