$99,500 + SAV

RARE RETIREMENT SALE | 38 YEARS SAME OWNER | INNER-CITY FRANCHISED TOBACCONIST | SDE OVER $100,000

Short Summary

38 years same owner franchised tobacconist. Inner-city Brisbane location. Semi-managed. Strong repeat trade. Retirement sale

Key Selling Points

  • Established brand

  • Under Management

  • Passive Income

  • Cashflow Positive

  • Non-hands on Owner

  • Low Rent

  • Simplistic business

  • Clean business

  • No Direct Competition

  • 80% Repeat Work

  • Best Location

  • High foot traffic location

  • High visibility location

  • Proven trading through Covid

  • Warm handover offered

Rare opportunity to acquire a long-established franchised tobacconist positioned within a busy inner-city Brisbane shopping environment benefiting from strong foot traffic, repeat local clientele & surrounding residential, retail & commercial activity.

Owned by same owner over 38 years from scratch. Genuine retirement sale as owner now aged 75 wishing to fully retire.

Simple semi under-management operation with the owner working limited hours weekly while supported by established staff & systems already in place.
– Weekly sales $19,000
– Strong six figure SDE performance
– Weekly staff wages approximately $2,800
– Rent approximately $6,276 monthly including outgoings, GST & water
– Buyer to obtain a new lease from supportive landlord
– Low franchise fees
– Stock approx. $40,000 – $50,000 neg.

Ideal opportunity – owner operator, family business or investor seeking a stable long-established business with loyal repeat clientele and simple operation.

Contact Henry Chow 0421 040 857 | Amy Wan 0498 229 813

Asking $99,500 + SAV

Ref. no. BUY2664

DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.

Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.

No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.

Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.

This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.

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    Property Features
    Henry Chow
    0421 040 857
    Fluent English, Cantonese, Mandarin. Henry was the sole founder of CarrierNet Corporation which was merged into the Ariane Group in 2006 and listed on the Singapore Exchange. The Company was renamed as CarrietNet Global Limited in 2008. Henry has completed transactions in many countries including Australia, China, Hong Kong, Taiwan, Japan, USA, Indonesia, Philippines, Korea, Pakistan, Zambia, Nigeria, South Africa, India, Nepal, Laos, Cambodia, Vietnam, Dubai, Kyrgyzstan, Kazakhstan, Singapore and Thailand. The aggregate transaction size of all the deals that Henry has worked on exceeds US$100 million. Henry has built strong relationships with a large number of relevant business people and organizations in many Asian countries. He has also developed an intimate understanding of how business is conducted in these countries. From 2001 to 2010, he was then Chief Executive Director of CarrierNet where he led the products, sales, business development and commercial operations of the business. Through a successful merger and acquisition transaction, CarrierNet was renamed as CarrierNet Global Limited, listed on the CATALST board of the Singapore Stock Exchange in February 2008. Henry was appointed as the Chief Executive Officer and Executive Director of CarrierNet Global Limited where he was primarily responsible for driving the Group’s vision, growth and profitability, and held a key role in executing the business plan, driving sales performance and building strategic alliances. From 2011 onwards, Henry acts as the Chairman and Executive Director of Cacola International Furniture Limited which is a Singaporean Main Board listed company and he was responsible for charting and implementing new business strategies and setting an innovative direction for the future of the Group. Henry has years of experience in capital markets, finance and information technology industries through his works at ANZ Bank, National Australia Bank, Hong Kong Telecom, Sterling Commerce, South China Group, Indonesian based PT. Atlasat Solusindo Group, CarrierNet Corporation Limited, Primax Investment and Capital Limited. Henry was one of the founding directors of the Indonesian PT. Atlasat Solusindo Group and he founded Hong Kong based CarrierNet Corp. Limited in 2001, a licensed telecom and IP based carrier offering discounted niche routes to global markets. Henry graduated from the University of Minnesota with a Bachelor of Computer Science degree. Henry is heads and shoulders above the rest when it comes to selling within the Asian community both locally and abroad!
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