High Turnover Island Bakery – Burnt Pine, Norfolk Island

Business ID: XB154366

TURNOVER: OVER $1M – VIRTUALLY NO COMPETITION – HUGE DEMAND

What an amazing opportunity to make a profitable sea-change to stunning Norfolk Island!

Hugely popular with tourists – as well as the Island’s lucky locals – this South Pacific destination delivers a fantastic lifestyle.

On offer is a very successful bakery, that continues to grow, and is producing excellent net profits.

BUSINESS HIGHLIGHTS:

   -  Full-service bakery established in 1996 – Excellent quality products

   -  Solid clientele plus tourist trade – Supplier to the only supermarket on the island  

   -  Located in the only shopping mall on the island, next to the supermarket

   -  Only one other (small) bakery on the island – with limited distribution

   -  Customers include residents, tourists, cafes, and restaurants

   -  Commission on all products sold through the supermarket

   -  No advertising required due to location, lack of competition and high quality

   -  Owner operated with 3 F/T Bakers, 2 P/T Retail Assistants, and 1 Casual Retail Assistant

   -  Opportunity to extend trading hours – including Sundays

   -  Being a baker would be an advantage, but is not essential

   -  Owner is returning to Mainland Australia for family reasons  

All stock is transported by ship and comes to the island every 2 months, resulting in high stock levels to ensure constant availability.

An excellent business for a couple or partnership, there is always potential to add new products to boost revenue.  

There are new customers every week – as tourists tend to stay for a week at a time.

Local customers appreciate the quality of the products produced – and the great service!

PRICE: $395,000 + SAV (averages between $50K to $70K)

Property Code: 4036