$168,000 + SAV

Long Established, Under Management & Profitable Franchised Tobacconist in the Hub of Smokers

Short Summary

18 Years establishment, profitable & under management tobacconist with a long term full time Manager nested in a prime location of Eastern Brisbane.

Key Selling Points

  • Established brand
  • Under Management
  • Passive Income
  • Recession proof
  • Low Overheads
  • Cashflow Positive
  • Cash-based
  • Non-hands on Owner
  • Long term Management and Staff in place
  • Strong year to year Profits
  • Low Rent
  • Long Term Lease in place
  • Simplistic business
  • 80% Repeat Work
  • Best Location
  • High foot traffic location
  • High visibility location

This long established, popular, profitable and managed franchise Tobacconist is located in one of the fastest-growing costal locality in the Redland City.

The business is situated in a very high profile location with thousands of customers walk by daily. It is situated inside a popular local shopping centre in a high visibility and foot traffic location. The rent is very reasonable at $1,300 per week (inclusive of O/G & GST) with a premium position right in the heart of a smokers paradise.

The business has been established over 18 years and the present owner took over it in 2016 as a passive income play. The business is generating turnover over million pa. ballpark of averaged $25,000 per week sales which brings about $60,000 pa. passive income to the owner who does not go there very often except to relief his full time staff.

The shop is run by a full time Manager who has been working there for over 5 years and loved by the customers. This franchised business is a fully systemised business that a single operator could easily manage and earn a good income for 6 days light work with potential to increase revenue and profit by expanding the trading days and hours.

Owner is planning to retire hence intending to offload this business which is a bluechip business opportunity. It is perfectly suitable for Visa 188A applicant who needs to buy a local business to satisfy his/her visa application requirement or a motivated husband/wife team who is passionate to continue its success and bring it to the next level.

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

Asking $168,000 + SAV

Ref. no. BUY2484

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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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