Business ID: XB158706
Under Management, Part of a franchise, Profits $400k+ Sales Price $1,200,000 inclusive of stock.
The three stores are situated in shopping centers with steady foot traffic and plenty of parking. The Sunshine Coast area is expanding, and two of the stores are located within the largest residential developments in Australia, poised for growth in the short, medium, and long term due to favourable demographics.
Each store is equipped with robust "cigarette" cabinets and comprehensive security cameras throughout the store, storage, and frontage areas.
Each shop has a manager responsible for staff scheduling and overall performance, reporting daily to the owner who has stepped back from daily operations and visits only once a week.
The industry is introducing a new licensing scheme that all tobacco retailers must comply with by September 2024, which will halt parallel imports and significantly boost cigarette sales.
The staff receives ongoing training, and one of the stores has been recognised as the best training centre by Lotto, hosting a new Lotto licensee for a week of training and receiving compensation for it.
- 3 shops fully managed
- Total turnover is $7M+ as of the end of March 2024 across the 3 shops
- Profits have been $300k as of the end of March 2024
- Profits are expected to be averaging $400,000 yearly over the last 3 years
- Two shops with appointed managers
- Immaculate fit-outs all throughout the shops
- Growing residential areas all throughout the Sunshine Coast
- All shops within the shopping centre with strong foot traffic
- Whilst being supported by the franchisor, close to no franchise fees!
- All Employment matters are fully up-to-date and compliant
- Owners not involved on a day-to-day basis
To allow a smooth transition, the owners are prepared to offer 30 days of training as part of the sale.
This business is perfect for investors looking to own a recession-proof enterprise that operates under management. It would also be ideal for a husband-and-wife team interested in a more hands-on approach, allowing them to save on wages. Additionally, it could be advantageous for TSG or other tobacconists seeking to establish a presence on the Sunshine Coast.
Asking Price: $1.2M + Stock
Property Code: 4014
