The franchise supermarket is located in a busy suburb in inner city Brisbane
The owner has been successfully running the store for 5 years
Trading hours: 24 hours from Thursday to Saturday; the rest day trading from 4:30am to 12am as some tradies are waiting outside at 5am
Selling: Groceries, stationary, drink, Scratch tickets, Gocard etc
Current weekly sales $27,000 – $28,000
GP 32%
Monthly base rent $7566 plus GST
Monthly electricity $3964.28 plus GST roughly
Franchise fee 5.5% of total sales
Total staff yearly wages around $120,000
Fully under management
The lottery application has been approved by golden casket, Counter renovation will be paid by night owl head office.
Also negotiated 11% on total sales which covers rent and franchise fee starting in January 2020
Current Yearly net profit is around $120,000
Yearly adjusted net profit is around $150,000
After lottery start in 2020, the estimated net profit will be over $200,000 if owner operate
Selling price $290,000 plus stock $60000