Reference No: 6975752

Food and Hospitality
GERALDTON WA

Price: $3,400,000

Bakery Business & Freehold Property -$3,400,000 For Sale

Regional WA – Under Management

Business For Sale -$2,200,000
Property For Sale $1,200,000 (must be sold together)

For sale are both the business and the freehold property. The business and property will be sold together, or the business can be purchased individually – but the property cannot be purchased individually.

This Western Australian bakehouse has been the only one in area for over 50 years providing daily wholesale bread to the community including every food business, both IGA supermarkets, restaurants, cafes, pubs, and roadhouses, and 11 whale shark boat operators in the peak months.

Located in a regional town north of Geraldton run under management with solid revenue of approximately $4 Million, this bakery can be owned and ran from afar. Considered an ideal acquisition for an investor who can visit the business (approx. 2hr flight from Perth) and continue to drive business performance from a distance.

The key features of the business are:
-The only bakery with limited competition
-Because of the location the bakery gets all the foot traffic from locals and travellers coming into the town centre to do their shopping
-There is ample parking nearby and in the town centre, so customers do not have to walk far to get to the bakery and shops
-The regional town is a thriving tourist destination famous for the world class beaches, fishing, snorkeling, diving, and swimming Every year between April and October the town swells to full capacity.
-The bakehouse is famous for its award-winning pies and scrumptious artisan breads, cakes, pastries, freshly made rolls, burgers, coffee, smoothies and more.
-Through this busy period there are often customers queuing out the door.
-The business is fully staffed with an operations manager, five full time baker/pastry cooks, a full-time pie chef, three full time cooks, front of house supervisor, casual staff, a contract cleaner, and part time bookkeeper.
-There is a strong barrier to entry for competitors due to no available and suitable commercial properties.
-The business has excellent systems, intellectual property, efficiency, and very experienced stable core staff.
-The business has seen year on year growth with tourism.

The current owner is moving onto other projects but is very adamant to ensure the new owner is suited to the business and will provide adequate handover and consider staying on in an advisory role if required.

If you are looking for an excellent business investment opportunity in the baking industry that promises strong returns, enquire now.

Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.

Price $3,400,000 + SAV

Finn Business Sales
thefinngroup.com.au
1300 535... (click to show)

Broker: Dallas Lodge
0412 298... (click to show)
(click to show email)

*Images are used for advertising purposes. Actual business images may not appear.
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Price: $3,400,000
The Finn Group
Address:
377 Kent St Sydney NSW
Sydney, NSW, 2000

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Contact: Dallas Lodge
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