0 Cnr Bruce Highway & Excelsior Road Gympie QLD 4570

Owned and operated by the current owners since 2007, Donut King Gympie is well established and offers high quality products to customers from its impeccably presented premises in Gympie Central Shopping Centre.

The store is located in a high profile area within the shopping centre, next to the main entry to Big W. The business currently operates 7 days per week.

Anchor tenants of Gympie Central Shopping Centre include Woolworths, Big W, The Coffee Club and Suncorp.

The premises are leased from the shopping centre for a term of five years commencing from 1st March, 2022. Rents are negotiated by Retail Food Group, the parent company of Donut King Gympie, which has over 320 stores across Australia and New Zealand. As well as Donut King, RFG also manages and supports Brumbies Bakery, Gloria Jeans Coffee and Michel's Patisserie stores.

Turnover and growth have been strong in recent years, and are supported by good commercial infrastructure as part of the franchise arrangement.

The business comes with existing owned equipment on an unencumbered basis and with some equipment on loan from existing suppliers.

Net return on investment from this business is currently 12.4% after owners salary and oncosts.

Please contact Peter Scott on 0458 958 286 to explore this opportunity further.

We do not accept responsibility for the accuracy of any information. Interested parties should make their own enquiries in order to determine the accuracy of this information. Intending purchasers should seek legal and accounting advice before entering into any contract of sale.