- Price: $399,000 + SAV
- Categories: Food/Hospitality
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 -.-.-. 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
