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

QLD
Asking Price $399,000
About
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
Catering

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
xxxxx
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