1SELL Listing ID: 1AU0230
Asking Price: $190,000
Chatime Franchise for Sale in One of Sydney's Most Prestigious and Affluent Neighbourhoods
Key Highlights of the business:
- Chatime franchise available for resale in one of Sydney's most prestigious neighbourhoods.
- Prime location less than 5 kilometres from Sydney's CBD, providing consistent daily foot traffic and excellent visibility.
- All existing staff will remain post-sale, ensuring seamless business continuity and a smooth transition for the new owner.
- Comprehensive training provided by Chatime to facilitate an efficient transition for the new owner.
- Established delivery partnerships with Uber and Doordash already in place.
Financials (FY 23-24):
- Annual Revenue: Approximately $450,000
- Annual Net Profit (under-management): Approximately $75,000
- Annual Rent: $92,000 + GST
Monthly Financials:
- Monthly Revenue: Approximately $37,500
- Monthly Net Profit (under-management): Approximately $6,000
Lease and Franchise Agreement:
- Current lease and franchise agreement valid until 2027, with an option to extend for an additional 5 years.
Chatime is one of Australia's leading bubble tea franchises, originating from Taiwan and known for its authentic and high-quality tea-based beverages. Established in Australia in 2009, Chatime has grown to become a popular destination for bubble tea enthusiasts, with a broad network of stores across the country.
Detailed financial and lease information will be made available to qualified buyers upon the completion of a confidentiality agreement and a successful personal interview.
Cost to acquire this business:
Price: $190,000
Training fee: $10,000 + GST
Transfer fee: $25,000 + GST
Legal fees: TBA
Rental bond: TBA
Disclaimer: The listing photographs are for illustrative purposes only and do not represent actual images of the business being offered for sale. Prospective purchasers are advised to conduct their own due diligence and make independent enquiries regarding the business. No warranties or representations, whether expressed or implied, are provided by the vendor or any party acting on their behalf.
