A newly-established turn key opportunity to purchase one of the local’s favourite burger restaurant and bar franchise, located directly opposite the beach in the popular coastal dining precinct with high foot traffic.
Milky Lane began in 2016 at Bondi Beach and has quickly spiralled into a social media phenomenon with people travelling 100s of kilometres to try their internet breaking creations. Franchising began in 2017 and today Milky Lane has 11 stores trading with an additional 4-6 stores opening in 2022 making them one of the fastest growing burger franchises in Australia.
The Milky Lane Experience offers more than a great dining offering from the fine service, unique style, bright quirky decor, music and premium burger menu with designer desserts and cocktails along with a live DJ on weekends to create an unforgettable experience.
The word has spread far and wide across the country and Milky Lane is now the #1 social media account in Australia for any food and beverage brand with close to 430,000 unique followers across Instagram and Facebook.
Key Investment Features
- Key management staff in place to continue being fully run under management
- Situated in the heart of this coastal precinct, directly opposite the Beach
- FY22 Average weekly sales for calendar year to date is $ 40k turnover per week
- FY22 Normalised net profit is $ 171,000
- FY23 Normalised forecasted net profit is $207,478
- Ultimate rock star dining experience attracting over 430,000 social media followers and influencers
- New delicious menu being introduced with a more sustainable menu offering for regular customers
- Own delivery platform has recently been introduced dramatically increasing delivery profit %
- Pre COVID financials showed strong sales and business is recently rebounding
- Tailor made franchisor program and ongoing support to guide you through the process.
- Well presented shop fitout with no further upgrades or refurbishment required – Only 1.5yrs old!
- Long lease offered for security of tenure up to 20yrs in prime sought after location
- Reputable franchise brand and tightly held – No other territory available for the large region
Don't miss this chance to be part of Australia’s Best Burger, Cocktails & Desserts group – ‘Eats Beats & Treats!
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
Listing ID: NSW10511
Gareth Wolrige
Business Broker
Phone: + 61 2 9899 1999
Mobile: +61 448 715 762
Email: gareth.wolrige@linkbusiness.com.au
To complete an online confidentiality agreement visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/listing-enquiry/?listingid=8c6b2618-1d0f-ed11-b83d-00224818a059
Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.
Stock photo images may be used to represent the business on an unidentified basis. Purchasers are required to make their own enquiries in order to verify the information provided.
