Turnover $1.15M per annum (Ex GST) (approx.). Net to 1 owner $197,000 per annum (approx.). Established 1998. Good lease & rent deal.
About the opportunity
The business is essentially a specialty bread retailer. It operates on the usual simple, yet wholesome, menu, which includes: breads all made from the traditional scratch method of baking; hot sausage rolls; pies; bruffins; freshly made twists; foccacias; scrolls; muffins; cup cakes; slices and scones; delicious baguettes and filled rolls, as well as savoury products, fresh coffee and icy cold drinks.
The business is very simple to run, the franchisor taking care of marketing, new product development, corporate imaging, etc.
The premises are located in a high-profile shop position opposite the entrance to Coles Supermarket. The store has 180 degrees exposure to a main thoroughfare within the shopping centre.
The main anchor tenants in the Centre include Coles Supermarket, Kmart and Woolworths Supermarket.
Some of the nearby businesses to the store, in addition to Coles Supermarket, include Specsavers, TSG, Lenard’s, an optometrist, Best & Less, helloworld, a hairdressing salon and OPSM.
Brumby’s Bakeries Limited is one of Australia’s largest and most successful franchise groups. The history of the group dates back to 1975, when the first store opened in the Victorian suburb of Ashburton. The store was known as the “Old Style Bread Centre”. Over the next decade “Old Style Bread Centre” was introduced and expanded in Queensland. To give the group a truely Australian identity, it was rebranded as Brumby’s during the 1980s. During the early 1990s a franchise consortium was put together to buy Brumby’s.
Asking $495,000 + SAV.