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Overview
This Chatime Franchise presents a compelling opportunity to acquire a well-established business located in a prime retail precinct in Bundoora. Situated within a major shopping complex, the business benefits from a high volume of foot traffic, ensuring consistent customer flow throughout the week.
With current weekly takings ranging between $6,000 and $7,000, this venture demonstrates strong earning potential. The business operates seven days a week between 10:30 am and 7:00 pm, facilitating steady trade and regular engagement with a loyal customer base.
- Located in a busy shopping center with secure lease arrangements
- Newly renovated and turnkey, requiring no additional capital outlay
- Simple, popular menu focused on signature iced teas
- Operated by two owners supported by a team of casual staff
- Well-trained, experienced employees provide operational stability
- Attractive high-profit margin business model
- Marketing fees at 3.5% and a four-week training program available in Melbourne with a fee of $10,000
This business is particularly suitable for couples or individuals seeking to operate as owner-operators, offering a manageable yet profitable opportunity in the food and beverage sector. The secure lease and established customer base enhance the security of the investment, whilst the recently renovated premises ensure operations can commence immediately without additional expenditures.
Given these factors, this franchise is recommended for inspection and consideration by aspiring business owners looking for a thriving operation within a reputable retail environment.
Local Market Insights
In Bundoora, Quiet Listings observed 5 new commercial properties entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $597,000. The property type mix of listed properties is predominantly Houses at 30%, followed by apartments (22%), and commercial properties (19%). Ray White was the most active agency in this area, representing 22.2% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Bundoora VIC 3083
Market Insights for Bundoora VIC 3083
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