The Source Bulk Foods Vic Park
Stock Included: No
Stock Value: 60000
Years Est: 3
Gross Revenue: 1050000
ABOUT THE OPPORTUNITY
This is a rare opportunity to buy one of the most successful stores within the The Source Bulk Foods franchise. It's an exciting and on-trend business that focuses on zero-waste sales of organic and natural food, as well as pantry staples and delicious confectionery.
Opening in 2015, The Source Bulk Foods in Vic Park has had significant growth and the monthly sales figures continue to increase when compared to the same months of the previous year. This business is currently achieving seven figure annual turnover.
Further strong growth is expected due, in part, to its location within The Park Centre Shopping Centre which has a thriving Coles that is currently undergoing an upgrade to be completed in March 2019. It also has Kmart and 43 specialty retail stores. Plus, a refurbishment of the carpark, fascade and inside of the shopping centre is about to begin which will also be completed by the end of March.
This is a fun, retail experience for customers and a terrific business to own. The Vic Park store has been so successful that the Franchisor has recruited the current owner to take on a national leadership role so this means that she won’t be very far away if support and advice is needed.
This is an opportunity to buy a successful business that will be a good foundation for anyone who would like to open a few more stores around Western Australia.
SKILLS & TRAINING
All procedures and documentations are in place and there are well-trained staff to ensure an easy transition and ongoing success for the new owner. Handover training and support will be provided and, as mentioned, the current owner will continue to be available for advice and ongoing support as she will be moving into a leadership role within the national franchise support team.
With all the training and support available, business experience is not necessary however a love for healthy living, an ethical approach to success, and a passion for helping and educating people will be the key to this business continuing to be successful.
This isn't a cafe and no cooking is required so it's perfect if you love the foodie lifestyle but don't want the hassle of managing a kitchen. This store could be run under full management, freeing yourself up for a second store, or perhaps maximise further profits by working in it.
LENGTH OF AGREEMENT
A long lease with very reasonable rent is in place until mid-2022. Franchise Agreement is currently in place until mid-2022 but this can be extended with an option, if required.
The Source Bulk Foods is a fast-growing Australian franchise with 47 stores nationally, and in the last year has opened stores internationally. The Support Team offers ongoing support for local area marketing as well as major promotions through the national Marketing team. This Vic Park store has the largest customer database in the group and support and training will be made available so that the new owner can continue to capitalise on that.
THE SOURCE BULK FOODS HISTORY
The Source Bulk Foods was born in 2012 from the Franchisors' belief that unpackaged food should be easier to access and a smaller carbon footprint could be achieved every time you shop. New stores sprouted and we are now the largest specialised bulk food retailer in Australia. Our wholesome array of ingredients are delivered the way food ought to be, not packaged in plastic, nor tied with string. Take only what you need, refill your favourite honey jar, connect with the source of your food and embrace a better way to shop.
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