Wok It Up Braddon
Stock Included: Yes
Stock Value: 5000
Years Est: —
Gross Revenue: —
Wok It Up Braddon is located on what is arguably Canberra's most sought after and busiest retail strip, Lonsdale Street Braddon.
Established in late 2013 by the two owners, who both work full time in the IT sector, Wok It Up Braddon is ideal for investors who are searching for a business which can generate results without the day to day involvement of owners.
With sales exceeding $9500 per week ex GST (2016 financial year) and with an affordable rent including GST and outgoings of $1675 (August 2016) the business is well positioned for growth.
A large team of predominantly casual and well-trained staff currently run the business, and the current owners invest as little as 10 hours a week mainly doing payroll, account payables and recruiting.
The owners' IT business is growing and requires them to dispose of this profitable business as a matter of urgency.
With over $400k invested in the business, they are aware that they will be losing when they sell. However, their loss will be your gain when you buy this cash flow positive and systemised business.
There is lease security beyond 2023 and bank finance offered for this successful franchise system. Franchise royalties are capped at 6%, and a marketing levy of 2% is invested in local TV, radio and social media.
Approximate Stock Value: