HIGH VOLUME BAKERY CAFE, SOUTHERN SYDNEY. | ID: 1058
Sydney NSWLast asking price $990,000
Sold September 2022
Food & Drink, Food & Drink, Food & Drink
This well known institution is highly profitable with a strong reputation, attained from the owner’s passion, skill and commitment to high quality, authentic baking. The bakery is extremely popular with residents and professionals of the local community. It is a truly unique offer providing aspirational / lifestyle appeal and outstanding financial returns for the astute baker, patisserie or investor.
Key features are as follows :
* Beautifully appointed, modern fit-out with high-tech time-saving equipment.
* Excellent combination of 40 indoor and covered alfresco seats across the 120 sqm footprint.
* Prime location within a bustling village shopping strip with easy access for cars to park in street.
* Currently trading 7 days per week from 7 am to 3 pm.
* Generous 3 x 5-year lease term to August 2036
* Average sales $26,000 per week.
* Average profit to owner $14,800 per week
* Owners trade only 48 weeks per year and still achieve near AUD $1.2mil sale per annum.
* Extremely low rent $995 per week exc GST.
* Coffee volume up to 25kg per week.
* The menu features fresh and famous Portuguese tarts and amazing, authentic breads, baked daily from the purpose-built bakery kitchen. Plus rolls, wraps & sandwiches, cakes, pastries and great coffee.
* Enormous potential for genuine growth and value add opportunities.
* Great rear access, storage and garage car park.
* Business could easily be run under management or owner-operated.
* Genuine reason for sale (owner has other business ventures).
* Very Strong social media base and outstanding feedback from online review platforms
If you would like to know more about this business please complete our online confidentiality agreement here:
xxxxxxxxxx/ca-form-1058
or visit our website xxxxx and use the reference #1058 to search for the business.
Property Code: 1058