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The Source Bulk Foods Rhodes - continuous growth in sales and net profit annually

$190,000

Sydney, New South Wales

The Source Bulk Foods Rhodes - continuous growth in sales and net profit annually

The Source Bulk Foods is the largest specialised whole food franchise in Australia offering an extensive product mix of whole foods that have minimal processing and no pre-packaging. Most of their products are organic/ chemical free/ non-GMO or natural. The extensive range of food and grocery items are presented in simple yet stylish bulk bins that allow customers to choose their products easily and buy as much or as little as they need.

This successful franchisee store has seen an increase in both sales and net-profit year after year. It's day to day operation is run by a small team with the owner overlooking the operation.

Business Highlights:

* Located in densely populated area, Rhodes
* Great system with full training provided
* No experience necessary
* Under management
* Highly experienced, customer focused team
* Full financials

Financial Highlights:

* Annual Sales: average growth 17% (over 3 years)
* Due to Covid, 2021 sales dropped around 15%. (which is still better than most retail and hospitality business)
* Strong net margin growth. Franchisor has been working hard to negotiate a better deal on the purchasing
* Online presence - Franchisor has setup an online system which enable customers to buy through the website. Sales will be fully distributed to the franchisee store.


If you are interested to understand more about the business or getting further financial and other information, please contact Canaan on the enquiry button.


*Location description may be approximate and images may not be representative of actual business for sale.
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF


Canaan is a licensed business broker with more than 10 years experience selling all types of businesses throughout Sydney and NSW. So when you looking for a business broker with experience, give Canaan Lim a call today.

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Last updated: 21st May 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Sydney
State
 New South Wales
Price
$190,000
Category
  • Food/Beverage
  • Franchise
  • Retailer

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Contact

Canaan Lim