Bakery, Prime Brisbane Location, 10,000's Of Customers At Your Doorstep, Built Recently

Business For Sale Brisbane, Queensland 4000

Business Category Bakery Other Retail

$330,000 + SAV

Description

Bakery, Prime Brisbane Location, 10,000's Of Customers At Your Doorstep, Built Recently

The modern multi-purpose centre near the Brisbane CBD caters to 10,000's of pedestrians from early morning commuters, regular shoppers, day trippers, office and area workers, students, 7 days a week.

In addition to a guaranteed constant pedestrian flow for years to come, there are 1,000 - 2,000 office workers practically at your doorstep.

This Bakery is one of Brisbane's best sources for freshly baked loaves, including a coveted range of stone-baked sourdough, French and Italian breads, cakes and pastries, which are second to none.

The front counter is filled with treats of all kinds, including tarts, cheesecakes and doughnuts, as well as savory options including gourmet pies.


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!

Currently no 3rd party deliveries. Potential to introduce!

Limited trading hours
Currently
(Mon Sat) 6.30am - 2.30pm
Sunday Closed
Closed all public holidays and 2 weeks over Christmas
(Potential to increase trading hours with a considerable immediate uplift to sales)


Great lease until April 2024 + 5 year option

Rent excluding G.S.T. is $6,340 per month + approximately $700 per month outgoings

The fit-out is a full bakery, and has been set up by a passionate owner

Turnover is FY2021 was $840,000 (affected by Covid-19 and reduced trading hours)
FY2019 was on target to turnover approximately $1,300,000.


Product mix estimate
Pies 40%
Cakes 25%
Breads 10%
Coffee 20% (Merlo 55kg per week)
Cold Drinks 5%


Staffing is currently under full management with 2 full-time + 5 casuals (varies)

Potential Return to an Owner/Operator
FY2021 $167,000 EBITDA (Covid affected)
FY2020 $170,000 EBITDA (Covid affected)
FY2019 $220,000 EBITDA

Bank finance of up to 50% could be a available to approved applicants


ASKING PRICE $330,000 + SAV (approximately $6,000)


For more information, please contact

Reg Butler
XXXXXXXXXX

XXXXXXXXXX
Contact Seller
Reg Butler

Bsale ID: 560972
Broker REF: RB631

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