The Baker at Sutton is a rare find that combines both the security of freehold property and the benefit of a profitable and established business.
The business is so bankable that we have spoken to the Judo Business Bank. They are backing it; you could own both property and bakery with as little as a 20% deposit and the balance funded by this innovative bank. Subject to application.
The business achieved sales of $2.4 million in the 2021 financial year, which equated to $45,000 per week and generated $400,000 plus in profits for the owners.
The building has been independently valued at $1,450,000 and is positioned on a sizeable parcel of earth, some 1845sqm. The building was custom built-in 2016.
The replacement value of the business assets is approx. $600,000.
Sutton Bakery has emerged on the doorstep of Canberra's north and is at the gateway to the rural communities that continue to grow and flourish.
The business trades 75 hours per week seven days and, on average, serves 2,500 customers per week, with an average transaction spend of $13.50.
The preferred option for the seller is for a buyer to purchase both the business and the property in one sale agreement.
We have prepared a detailed business sales information package and have all the financial documentation.
If you have an interest in owning, please get in touch with or call Frank Walmsley.