How it works?

What is Crypto?

Cryptocurrency is a digital or virtual currency that is secured by cryptography (being the method of protecting information through the use of codes) and are mainly run on decentralized networks based on blockchain technology —a distributed ledger enforced by a disparate network of computers (Crypto).

Crypto such as Bitcoin, Ether, Cardano, and Solana are unlike traditional currencies, goods, or commodities in the market and are subject to risks not normally associated with traditional forms of currencies. Unlike other traditional forms of currency, Crypto is decentralised and is not backed by a central bank, government, or legal entities, and remains unregulated. As such, the value of the digital currency may swing upon many factors across the cryptocurrency market including the confidence of investors, competing currencies, regulatory announcements or changes, and technical problems, to name a few. Deposits made will be subject to all the above risks.

 

What Crypto can I purchase the store in?

The sale will proceed utilising Ether (ETH), Bitcoin (BTC), Cardano (ADA), or Solana (SOL). However, if you would like to purchase utilising a different Crypto, please let us know!

 

What am I registering my interest in?

By completing the Register Your Interest and pressing the submit button, you are expressing your interest in purchasing the following package from Sushi Sushi for crypto with the equivalent value of $1,000,000 AUD:

  • An ongoing interest in Sushi Sushi Cavill Avenue business, located 15 Cavill Ave, Surfers Paradise QLD 4217 (Sushi Sushi Cavill Ave) under which as part of a joint venture with Sushi Sushi you will receive 100% of the net profits* from Sushi Sushi Cavill Ave without the need to ever lift a finger at the physical store; and
  • an exclusive 1 of 1 NFT** of Sushi Sushi Cavill Avenue.

*Net profit = sales revenue – total operating costs (being all expenses incurred in operating the store, including a management fee payable to Sushi Sushi).

**NFT currently in development and will be shown directly to the purchaser before being released for public viewing.

The complete terms and conditions of the purchase of the package will be negotiated between Sushi Sushi and applicants who register their interest. Sushi Sushi and the applicants are not bound in any way to the sale or purchase of the Package by the completion of the Expression of Interest Form and will not be bound in any way until binding agreements are entered between the parties.

 

What if I change my mind after registering?

Both you and we are not bound to proceeding with the sale and purchase of the Package until formal documentation is agreed and executed between us. Sushi Sushi Cavill Ave will be operated pursuant to a Franchise Agreement and accordingly, will be subject to provisions of the Franchising Code of Conduct (the Code). Under the Code, Sushi Sushi are not permitted to enter into a Franchise Agreement with you nor accept any money from you (which is not refundable), until a number of steps are undertaken – see “What is the Purchase Process?”.

 

Do I have to work in the store, find staff, order supplies, etc. for the store after I buy it?

No, we will be operating Sushi Sushi Cavill Ave on behalf of you and Sushi Sushi and will be responsible for the daily management and operation of the store. Instead of working in the store, you will simply receive all the net profit.*

 

I have no experience with quick service retail or Japanese food, does this matter?

As you are not required to work in the store, no experience is necessary.

 

Do I need to physically inspect the store to finalise the purchase?

No, this is not necessary, however, should you wish to visit the store we will be sure to give you a tour and guide you through your new investment.

 

I want to buy a store in Crypto but not Cavill Ave, are other stores available?

Cavill Ave is the only store for sale at the moment using Crypto, however, if you are interested in purchasing other locations by Crypto, please let us know and we will be in touch.

 

What is the purchase process?

Step 1

To get started, you will need to fill out and submit the Expression of Interest on this Website.


Step 2

A member of our team will reach out to you to learn more about each other, answer any questions you may have, and help determine if part owning a Sushi Sushi franchise is right for you. We will send you a detailed overview of the Sushi Sushi business model for you to review. This document is a transparent look into our network’s sales figures, a planning guide, and an operational questionnaire to help us gauge your knowledge of retail operations so we can personalize our support based on your needs.

Step 3

If you wish to proceed, you will be asked to submit a formal application, sign an offer form, and make a deposit to begin your journey of franchise ownership (Offer Form). At this stage, the deposit will be required in BTC, ETH, ADA, or SOL.

Step 4

Once you have signed and returned the Offer Form and made payment of the deposit, we’ll send you our franchise kit, which includes our franchise agreement and our disclosure document. As Cavill Ave will be operated pursuant to a franchise agreement and will be subject to provisions of the Franchising Code of Conduct, Sushi Sushi are not permitted to enter into a Franchise Agreement with you nor accept any money from you (which is not refundable), until you have received a copy of the Disclosure Document, a copy of the Code and a copy of the Franchise Agreement (in the final form) for at least 14 days after you receive these documents from us.

Step 5

Once all documents have been negotiated and finalised between us and you, we will sign the documents and start our journey together.

 

Is exchanging crypto safe?

A. The trading or holding of Crypto involves significant risks. You should carefully consider and assess whether trading, exchanging or holding of Crypto is suitable for you depending upon your financial circumstances and tolerance to risk. Although the deposit payable by a potential purchaser may be refundable in a number of circumstances, by making payment of a deposit in Crypto (in this case, likely BTC, ETH, ADA or SOL), should the purchase not proceed, any return of the deposit will be made in this same digital currency (again, BTC, ETH, ADA or SOL) independent of the value of the BTC, ETH, ADA or SOL at the day of making the deposit and the time the deposit is returned. Sushi Sushi is not responsible for or liable for any digital currency sent to an incorrect wallet address or a wallet address for a different form of digital currency and any potential purchaser must ensure they confirm the details of any transfer prior to making such exchange.”

 

How often will I see profits from the store?

Net profit (as defined above in “What am I registering my interest in?”) from the store will be converted to the Crypto you utilised to purchase the Package and transferred half-yearly to your account.

 

What if the store loses money, will I be disadvantaged?

You are not responsible for any losses, you will receive 100% of all net profit (as defined above in “What am I registering my interest in?”) made during the time you hold a part interest in Sushi Sushi Cavill Ave.

 

What other information is available in relation to Eligibility, Privacy and Terms and Conditions

To be eligible to use submit an Expression of Interest you must be over the age of 18 years of age.

If Sushi Sushi collects any Personal Information (as defined in the Privacy Act 1988 (Cth) (Privacy Act), we will comply with the Privacy Act and the Australian Privacy Principles in relation to such information. Our Privacy Policy, available here applies to you, your use of this website, and our use of your Personal Information. By using this website, You consent to the collection, use, disclosure, and storage of your Personal Information in accordance with the Privacy Policy.

We may amend, modify, add to or delete this “How it Works” section at our discretion and those amendments, modifications, additions, or deletions apply to your use of this website as soon as they are displayed on the website (whether or not you are aware of those amendments, modifications, additions or deletions). All subsequent transactions by you will be subject to the amended and most current FAQs.