Chatime Franchise In Prestigious Sydney Suburb

1SELL Listing ID: 1AU0230

Asking Price: $285,000

Chatime Franchise for Sale in One of Sydneys Most Prestigious and Affluent Neighbourhoods

Key Highlights of the business:

Chatime franchise available for resale in one of Sydneys most prestigious neighbourhoods.
Prime location less than 5 kilometres from Sydney's CBD, providing consistent daily foot traffic and excellent visibility.
All existing staff will remain post-sale, ensuring seamless business continuity and a smooth transition for the new owner.
Comprehensive training provided by Chatime to facilitate an efficient transition for the new owner.
Established delivery partnerships with Uber and Doordash already in place.

Financials:

Annual Revenue: Approximately $450,000
Annual Net Profit (Owner-operated): Approximately $163,000
Annual Rent: $92,000 + GST

Monthly Financials:

Monthly Revenue: Approximately $37,500
Monthly Net Profit (Owner-operated): Approximately $11,250

Lease and Franchise Agreement:

Current lease and franchise agreement valid until 2027, with an option to extend for an additional 5 years.

Chatime is one of Australia's leading bubble tea franchises, originating from Taiwan and known for its authentic and high-quality tea-based beverages. Established in Australia in 2009, Chatime has grown to become a popular destination for bubble tea enthusiasts, with a broad network of stores across the country.

Detailed financial and lease information will be made available to qualified buyers upon the completion of a confidentiality agreement and a successful personal interview.

Cost to acquire this business:

Price: $285,000
Training fee: $10,000 + GST
Transfer fee: $25,000 + GST
Legal fees: TBA
Rental bond: TBA

Disclaimer: Listing photos are for illustration purposes only and are not actual images of the business on sale. THE PURCHASER IS TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.