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Bakery, Prime Brisbane location, 10,000's of potential customers, Built within the last 4 years!

$450,000 + SAV

Brisbane City, Queensland

Bakery, Prime Brisbane location, 10,000's of potential customers, Built within the last 4 years!

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 is also 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 delicious gourmet pies, with all ingredients sourced locally.


Features of the business include:

This is not a franchise bakery - NO "pesky" franchise and advertising fees to pay, sometimes amounting to around 12% of turnover!

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 excess of $1,000,000 (even during Covid-19)

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

Trading hours
(Mon Fri) 7.00am 6.00pm
Saturday 7.00am 2.00pm
Sunday Closed
Closed all public holidays
(Potential to increase trading hours with a considerable immediate uplift to sales)

Staffing is currently under full management with 3 full-time + 5 casuals (varies)

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

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


ASKING PRICE $450,000 + SAV (approximately $6,000)

(Please note that this business is expected to reach and surpass the Pre-Covid levels. Buyers intending to take advantage of the Covid pandemic to beat the price down will not be tolerated)


For more information, please contact

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

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Last updated: 19th November 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Brisbane City
State
 Queensland
Price
$450,000 + SAV
Category
  • Bakery
  • Cafe/Coffee Shop
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler