Food, Beverage & Hospitality business for sale in Sunnybank
- Food, Beverage & Hospitality
- 2 Mccullough Street Sunnybank QLD 4109
- $210,000 (GST na)
Gloria Jeans Sunnybank Shopping Centre
Current Owner Since 08/15
General Description of Business
This business is ideally positioned, in a high profile, shop position, fronting a busy thoroughfare. This business is a bustling café which specialises in gourmet coffee and gourmet foods, it operates on an extended set menu, which broadly includes, a wide variety of coffees, teas, gourmet foods, snacks and cakes, cookies etc. The quality of the coffee is second to none, as Gloria Jean's buy the highest quality Arabica whole bean coffee, which is specially selected.
The coffee range consists of Medium Roast, Dark Roast, Estate, Flavoured, Decaffeinated and Retail. The retail part of the business enables customers to purchase roasted coffee beans and teas to take home. As well as a range of coffee machines, syrups, powders, thermal mugs, ceramic coffee cups and other merchandise.
The simplicity of the business is enhanced by the successful use of double-sided paper cups and plastic spoons & forks and a self-service system for adding sugar etc. Table service provided. The shop is fitted out in the standard Gloria Jean's café shop style.
The presentation of the business is impeccable. Seating options include lounges and tables & chairs. There is seating capacity for up to 40 patrons at any one time. The business is very simple to run, the franchisor taking care of marketing, new product development, corporate image, etc.
Description of Premises
The premises have 180 degrees open air access to a main thoroughfare. Sunnybank Plaza is a busy, fully enclosed, single level small to medium sized shopping centre. The floor area of the premises is approximately 97 m2.
The major anchor tenants in the centre include Coles Supermarket, Kmart and Australia Post. Some of the nearby businesses to the premises, include: W Cosmetics, Halo Hair, Landmark Restaurant, Mr Curry, Chatime, Optus and Simmer Huang.
The area appears to be family orientated. There is wheel chair access and easy access for shoppers with trolleys and strollers. There is also ample parking which belongs to the centre. The centre is manned by security guards and there are security cameras throughout the centre.
The rent is approximately 2022 per week (including outgoings & excluding GST). The current lease was a 5 years lease, which commenced 08/2016. The lease is in the name of the franchisor and the vendor has a sub lease via the franchise agreement.
The Franchise Group
Gloria Jean's Coffees was established approximately 30 years ago and there are stores in over 20 countries around the globe. The group now boasts approximately 400 franchises Australia wide, and is fully Australian owned by Retail Food Group. And have now expanded into countries like Dubai, United Kingdom, and throughout Asia. Advertising and promotion, in which the Group engages, includes: radio advertising; posters; Television advertising, etc.
The franchise fees equate to 8% of gross turnover. These fees include royalties of 6% and a national advertising fee of 2%. The term of the franchise agreement lines up with the lease.
The store is currently run by the owner who works full time in the business. In addition, there are approximately 8 casual employees. All senior staff have a firm understanding of the store requirements and are responsible for stock rotation, stock re-ordering, cash-up at close of business and opening & closing security. The staff rostering function is performed by the owner.
The business trades 7 days per week. The trading hours are as follows:
Monday, Tuesday, Wednesday 8:00am to 6:00pm
Thursday, Friday 8:00am to 8:00pm
Saturday 8:00am to 8:00pm
Sunday 8:30am to 5:00pm
Plant & Equipment
There is a wide range of high quality equipment in the business. All the equipment in the store stays and will be offered on an unencumbered basis, with the exception of any equipment on loan from suppliers.