BURGER BAR FOR SALE PRAHRAN | 4 % RENT | $740,000 T/O

Listing Number: 32457-302217

Description

PRICE: $ 300,000 | Sold Under license – 7 % royalties (includes marketing)

TURNOVER / REVENUE: $ 740,000 p.a.

OWNERS EARNINGS / NET PROFIT: $ 150,000 p.a.


Summary
Join the freight train that is Burger ……….This exciting brand has taken food retail by storm and has landlords begging them to occupy. A hip on trend offer, packing a fresh take on how to do burgers……. and business for that matter.

Location Details
Smack centre in the heart of Prahran, yet less than 4 % rent on Sales. Close to Trains, trams, hotels, hostels and all Prahran has to offer.

Lease
Expires Jan 2020 with a 3 + 3 +3 options. Currently 3% CPI. 69 SQM approx.

Hours
7 Days: Sun-Thursday 11.00 am – 9.30 pm
Friday – Saturday 11.00 am – 10.30 pm










Employees

Staff 1 Manager 41
Staff 2 Service assistant/ Cash 32
Staff 3 Service assistant/ Cook 22
Staff 4 Service assistant/Cook 17
Staff 5 Service assistant general 31.5
Staff 6 Service assistant/Cash 10
Staff 7 Service assistant general 19.5

Skills
Customer service, ability to smile, basic admin (part of training) counting large amounts of cash.

Potential
This brand is set for massive expansion and can only improve exposure and possibilities to expand to multi-site ownership and increased sales. You run the store, we run the marketing.


Reason for Sale
Expansion

History
Opened in 2017 and trading strong ever since.

About the Business
An urban eatery with a cult following and dynamic management team driving a social media campaign many would dream to be a part of.

This license agreement is appealing for an owner operator or family partnership to become their own boss in a fun environment. Currently under management and easy to run, this business location, attention to quality, simply formula, operations manual, training and company support make for a great package to start your own business.

Offering simple, easily prepared burgers, fries, wings, choc-tops and shakes. NO CHEF REQUIRED.

Key Points

• 4 % rent on sales
• 28% cost of goods
• 26% wage (currently under management)
• Minimum, simple preparation
• Proven formula
• Strong financials - clean books
• As new fit-out
• Huge social media presence
• Operations manual and 4-week training programme
• Brand new 3 phase deep fryer



A must for inspections, realistic price tag and strong financials.


CONTACT SEAN MCBRIDE TODAY FOR A MORE DETAILED BUSINESS SUMMARY ON:
0404 478 829

Listing Details

  • Price: $300,000
  • Down Payment: TBD
  • Sellers Discretionary Earnings: $0
  • Total Sales: $0
  • Location:

  • Inventory: $0
  • FF&E: $0
  • Employees:
  • Reason for Selling: Expansion
  • Category: Food Business Retail
BURGER BAR FOR SALE PRAHRAN | 4 % RENT | $740,000 T/O