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Bakery Cafe Business In The North For Sale

Kilmore, Victoria
Asking Price:
$1,450,000 (AUD)
Sales Revenue:
$2,700,000 (AUD)
Cash Flow:
Available on request

Established 25+ years, this long established family business is on the market for the first time. This bakery cafe business occupies 2 locations in the north of Melbourne. Sells a large variety of baked goods such as bread, pies, cakes; prepared food - wraps, sandwiches, focaccias and beverages - coffee, tea, milkshake. Also does catering.

The store in Kilmore has an excellent corner location with plenty of customer parking in the front of the shop. All food is produced on site. There is seating for 46 inside and 50 outside at this store. This is the original store and has been at this location for 28 years.

The second location is in Wandong, is close to the train station and a school. Also has plenty of car parking available for customers. Seating capacity at this store is 24 inside and 10 outside. This store was opened 14 years ago.

Trading hours are 7 days per week - Monday to Friday 6am to 6pm, Saturday and Sunday 7am to 4pm.

6 full time and 18 casual staff over both stores, owner only works part time.

Business does a solid turnover of $2.7 million per annum, with excellent net profit.

Rent for Kilmore location is $120,000 per year and Wandong location is $16,000 per year.

A new lease is available for the Kilmore location and the Wandong store has secure lease options of 3x3x3.

Excellent business that can be run under management as experienced staff are in place.

Huge potential in this business as new owners can look at supplying other cafes.

Property information

Real Estate:

Lease

Lease Terms:

Rent for Kilmore location is $120,000 per year and Wandong location is $16,000 per year.

Location:

Established 25+ years, this long established family business is on the market for the first time. This bakery cafe business occupies 2 locations in the north of Melbourne.

Premises Details:

The store in Kilmore has an excellent corner location with plenty of customer parking in the front of the shop. All food is produced on site. There is seating for 46 inside and 50 outside at this store. This is the original store and has been at this location for 28 years.

Business Operation

Expansion Potential:

Huge potential in this business as new owners can look at supplying other cafes.

Competition / Market:

Sells a large variety of baked goods such as bread, pies, cakes; prepared food - wraps, sandwiches, focaccias and beverages - coffee, tea, milkshake. Also does catering.

Reasons for selling:

Moving On

Trading hours:

Trading hours are 7 days per week - Monday to Friday 6am to 6pm, Saturday and Sunday 7am to 4pm.

Employees:
6 full time and 18 casual staff over both stores, owner only works part time.
Years established:
This is the original store and has been at this location for 28 years.

Other Information

Support & training:

Excellent business that can be run under management as experienced staff are in place.

Contact Information

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