Townsville City, Queensland 4810

Dominos Pizza Franchise - Townsville

For Sale | $775,000 + SAV

Food/Beverage Franchise Takeaway Food

Domino's Pizza Franchise - Townsville

Townsville is a city on the north-eastern coast of Queensland. It is in the tropics region of Queensland, adjacent to the central section of the Great Barrier Reef. It is Australia's largest urban centre north of the Sunshine Coast, with a 2015 population estimate of 180,333.

Considered the unofficial capital of North Queensland by locals, Townsville hosts a significant number of governmental, community and major business administrative offices for the northern
half of the state.

Domino's Pizza Enterprises Ltd (Domino's Pizza) is the largest pizza chain in Australia. They extend across five countries, with more than 845 stores employing approximately 21,000 people
and making more than 60 million pizzas a year (Extracted from http://www.dominos.com.au/corporate/inside/InsideDominos.aspx)

The Dominos franchise offered is located in popular roadside shopping centre. The centre has great visibility, easy access and ample parking.


CURRENT LEASE
Expires 26th June 2028


SIZE OF BUSINESS
105m2

RENT excluding G.S.T.
$4,825 per month (Reduced from $5,311 as at 27/06/2018)


OUTGOINGS excluding G.S.T.
Approx. $935 per month approximately

ANNUAL INCREASES
4%

RENTAL BOND
Nil

BUSINESS ESTABLISHED
06/2006

FRANCHISE FEES
7% of turnover
FRANCHISE MARKETING LEVY
5.4% of turnover

RENTAL AGREEMENTS
Thick Shake machine - $391.75 + GST per month until 05/2022
Hi Speed Oven - $663.99 + GST per month until 04/2023

NEW FRANCHISEE ENTRY COSTS
2% of Contract value + approx. $3,500 Documentation (TBC)

FRANCHISE TERM
29th June 2027

FITOUT
Extensively refurbished in 2013

CARS / SCOOTERS / EBikes
Nil

ANNUAL TURNOVER (Approx.)
FY 2019 $1,700,000 estimated ($896,418 until 28/04/2019, approx. 10 months)
FY 2018 $1,693,931
FY 2017 $1,652,233
FY 2016 $1,457,000

TRADING HOURS
Sun - Mon 11am 11pm
Tue - Thurs 11am 12 pm
Fri Sat 11am 1am

STAFFING
23 Part-timers

STAFF WEEKLY WAGES (Approx.)
$9,100 (Inc. Managers)

MANAGERS SALARY
$57,000 + Super

OWNERS HOURS
Nil run under full management

REASON FOR SELLING
Consolidating / Rationalizing (opening Greenfield sites)

APPROX RETURN TO OWNER/OP'S
$200,000 (FY2018) EBITDA

ASKING PRICE
$775,000 + SAV (Est. $10,000) + take over Rental Agreements



For more information, please contact:

Reg Butler
0438 189 657

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Reg Butler

Business Brokers Network

Overview

This Food/Beverage Business is one of 20 businesses for sale in North Queensland, Queensland, and one of 2 Food/Beverage Businesses in this region that a business for sale currently has on offer. This Food/Beverage Business is for sale in North Queensland for the asking price of $775,000 + SAV and has been on market for less than 3 months.