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