For Sale - Wendys Horsham

Industry: Professional - All, Professional - Brokerage, Professional - Internet, Professional - Property/Real Estate, Technology - Online Services, Professional - All, Professional - Brokerage, Professional - Internet, Professional - Property/Real Estate, Technology - Online Services | Listed by: No Agent Business


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About the business

Phone enquiries - please quote property ID 14694

The business is a Wendys franchise and part of a proven system that has been operating in Australia for over 30 years. If you buy this business you will be a member of a family of 250 stores throughout Australia and New Zealand.

The Horsham business operates 7 days a week but trading on Sundays and public holidays is optional.

It is currently operated by a husband and wife team who work 5 to 6 days a week usually Wednesday to Sunday. They employ 9 casuals aged between 23 and 15 years.

The business has 14 months remaining on a 7 year lease which is due to expire 31/7/2015. The lease is held by Wendys and they will negotiate a new 7 year lease when the time comes. A new lease can be negotiated before settlement if the purchaser wishes and they will have input into the negotiations. Rent is currently $44315.28 pa. Outgoings are $5040 pa and promotion expenses are $2276.40 pa. All figures are excluding GST and are paid monthly in advance.

A Royalty of 6% and an advertising levy of 4% are paid out of sales, for which you will receive cutting edge marketing support in the form of menus, TV advertising and in store promotional support material.

It is a very easy business to run with no special skills necessary other than a willingness to serve your customers in an efficient and friendly manner and a happy outgoing disposition.

The sales of the business have increased by 16.5% for the financial year to 30/4/14 and the MAT is currently $469081. The franchisee and his wife have netted $125000 in the 10 months to 30/4/14. Sales are made up of 39% hot dogs and meal deals, 39% drinks, including shakes, smoothies, coffees, soft drinks, slushies and 22% ice creams, sundaes, donuts and ice cream cakes.

Wendys provide comprehensive training in a training store for 3 weeks and in a classroom for a week in Adelaide. The cost to the buyer for this is $10,000. There will also be legal costs of about $2000.

The franchisee needs to sell quickly as he has accepted a position as the Regional Manager for Wendys Vic and Tas and will be relocating to Melbourne. Accordingly he is negotiable on price and will consider any offers near the sale price.

The business will be placed under management until it is sold.

Reason for selling - franchisee has accepted a position with Wendys and will be relocating to Melbourne.

Price - $295,000 (Negotiable) plus stock of no more than $5000.

Detailed financials including a section 52 certificate will be arranged when requested.
Know someone that could be interested in this?
Asking Price:
$295,000
Yearly Profit :

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Country

Australia

State

Victoria

Suburb

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Postcode

3400

Locality

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Established on
1999

Revenue

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EBITDA

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No. of employees

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Lease period

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Stock

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Contact Details Verified

Email Broker Verified

Advertiser Details
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Victoria
Australia
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

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