Established: Since 2001
Profit: $243,000 p.a + (FY 2011)
Asking Price: $680,000 + SAV
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.
Prominently located near cinemas and parking within a major local shopping centre, this business uses 65 kg of coffee per week on average and has seating for 60. It also sells about 8 to 10 kg of packaged coffee in a typical week.
The store is currently owner operated with experienced, well trained staff. The present owner is engaged in the day to day operation of the store and has driven the business which is evident in its 8% increase in revenue for FY 2011
An incoming owner operator has an ideal opportunity to further increase revenue and improve general store efficiency by streamlining both staffing levels and cost of goods. The current franchise agreement was renewed on 20 December 2007 for a period of 7 years.