1SELL Listing ID: 1AU0230
Asking Price: $285,000
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:
- Annual Revenue: Approximately $450,000
- Annual Net Profit (Owner-operated): Approximately $163,000
- Annual Rent: $92,000 + GST
Monthly Financials:
- Monthly Revenue: Approximately $37,500
- Monthly Net Profit (Owner-operated): Approximately $11,250
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: $285,000
- Training fee: $10,000 + GST
- Transfer fee: $25,000 + GST
- Legal fees: TBA
- Rental bond: TBA
Disclaimer: Listing photos are for illustration purposes only and are not actual images of the business on sale. THE PURCHASER IS TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
