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This is an outstanding business opportunity for an astute investor. Crepe Café is an international brand name which was launched in Australia in 2004. The present owner is the owner of the Australian Master Franchise for Crepe Café and the Pacific Fair store is his “flag ship” store. He is very keen for us to locate a franchisee who will maintain the high standard this store sets.
Situated in the Gold Coast’s premier shopping centre the business concept is unique and its menu is ideally suited to all day trading with its great range of core and add on products.
Sales for year 07/08 were $917130. Sales have grown steadily each year since the store opened in 2004. This is expected to be the case once again in 08/09.Gross profit has always been in excess of 70% and net profit 07/08 after some add backs was $280,000. The cost of the fit out for this store was in excess of $350,000. A long lease is available subject to approval of Shopping Centre Management.
The asking price of $720,000 is very reasonable.
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