Location: ACT
Lease: Until September 2017
Turnover: $733,000 (excl. GST)
Asking Price: $200,000 + SAV
.
A prime opportunity exists for you to purchase a Gloria Jeans coffee business in a busy Westfield Shopping Centre.

Gloria Jeans is a leading player in the dynamic Quick Service Restaurant market offering a comprehensive range of premium quality coffee as well as tea and other hot beverages, iced drinks including coffee and fruit chillers, light snacks such as muffins and freshly roasted beans to take away.

Originally opened in 1999, this prominently located store is within Canberras largest shopping centre with ample seating and close to many popular retailers including Myer, Target, Kmart, Woolworths, Coles, JB Hi-Fi, David Jones, Dan Murphy’s, Dick Smith and Hoyts Cinemas as well as more than 270 specialty retailers and has parking for about 2,700 cars. The business is currently run under management and would benefit immensely from an onsite owner/operator. The franchise agreement will be renewed on settlement for the term of the lease. The store will require some refurbishment costing $160,000 approx.

An incoming owner operator has an ideal opportunity to increase revenue and improve general store efficiency by further streamlining both staffing levels and cost of goods.