FOR SALE
O/O $240,000

0 Cnr Bruce Highway & Excelsior Road
Gympie QLD 4570

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 120m2
Land area: 120m2
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PROMINENT FRANCHISE BUSINESS WITH CONSISTENT CUSTOMER BASE IN PRIME LOCATION

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.

Property Details for 0 Cnr Bruce Highway & Excelsior Road, Gympie

Building Type
Commercial
Floor Size
120m2
Land Size
120m2

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About Gympie 4570

The size of Gympie is approximately 15.2 square kilometres. It has 32 parks covering nearly 13.9% of total area. The population of Gympie in 2011 was 10,156 people. By 2016 the population was 10,787 showing a population growth of 6.2% in the area during that time. The predominant age group in Gympie is 0-9 years. Households in Gympie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gympie work in a labourer occupation. In 2011, 57.8% of the homes in Gympie were owner-occupied compared with 54.1% in 2016.

Gympie has 6,433 properties. Over the last 5 years, Houses in Gympie have seen a 104.56% increase in median value, while Units have seen a 37.24% increase. As at 31 August 2024:

  • The median value for Houses in Gympie is $521,757 while the median value for Units is $387,969.
  • Houses have a median rent of $495 while Units have a median rent of $335.
There are currently 77 properties listed for sale, and 27 properties listed for rent in Gympie on OnTheHouse. According to CoreLogic's data, 394 properties were sold in the past 12 months in Gympie.

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