Location: Gold Coast
Lease: Until April 2018
Turnover: $475,000 (excl. GST)
Asking Price: $100,000 + SAV
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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 2005, this prominently located store is at the entrance of a main Gold Coast shopping centre food court with ample seating and close to many popular retailers including Aldi, Coles, Woolworths, Kmart and Target as well as more than 170 specialty retailers and has parking for more than 2,000 cars. The business is currently run under management and would benefit greatly 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 $60,000 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.