Bakery, Cleveland Location, $18,000 Pw Recent Sales! Immediate Opportunities to grow business!

Asking Price $399,000
This Bakery is one of the Cleveland areas iconic landmarks, with a huge neighboring workforce.

Features of the business include:

This is not a franchise bakery - NO franchise and advertising fees to pay, sometimes amounting to around 12% of turnover!

Approx 160m2 with all weather, undercover seating for 52 people

Currently no 3rd party deliveries. Potential to introduce!

Limited trading hours. Currently
Mon - Fri   6.00am - 4.00pm
Saturday   6.00am - 1.00pm
Sunday     Closed
Closed all public holidays and 2 weeks over Christmas
(Potential to increase trading hours with a considerable immediate uplift to sales)

Lease until January 2026 + 3 year option

Rent excluding G.S.T. is $5,000 per month including outgoings

The fit-out is a full bakery, and has been set up by passionate owners. Equipment has been professionally assessed to be worth $180,000.

Turnover is FY2023 is expected to be $900,000 (only 2% is wholesale. Possible to increase easily)

Potential includes:
Open Sundays
Increase prices
3rd Part Deliveries (e.g. Uber Eats)
Multistorey building about to be constructed near by

Product mix estimate
Pies 26%
Cakes 16%
Breads 16%
Sandwiches 11%
Coffee 21% (17kg per week)
Cold Drinks 5%

Staffing is owners + 5 casuals (varies)

SAV is approximately $7,000

Potential Return before the payment of any wages is approximately $400,000 FY2023
(it is anticipated that the new owner will understand their own needs)

This business is suitable for qualified baker/s who understand the industry and know what they are doing.
This will be an expectation by the landlord.

Motivated seller!

For more information, please contact

Reg Butler
Contact this seller
Listed By:
Contact this seller
Listed By: