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Highly Profitable Cake Business (retail, wholesale, and online)

$299,000 WIWO

Melbourne, Victoria

Highly Profitable Cake Business (retail, wholesale, and online)

Run under full management, this is an exciting opportunity to become one of the largest cake suppliers in Melbourne.

SNAPSHOT
- Asking price reduced to $299,000 WIWO
- Sales in excess of $1.0m per annum
- Enviable reputation in the industry for quality and consistency
- Significant uplift in online sales during COVID

BUSINESS HIGHLIGHTS
- Very well known brand renowned for high quality products
- Potential to convert business into a franchise model
- Basic entry level business skills required, simple business to operate
- Holds significant market share in Melbourne market
- Large purpose-built manufacturing facility (perfectly located 7km south-east of Melbourne CBD in Armadale)
- Extensive list of wholesale and corporate clients (ASX listed companies, Big 4 banks, Melbourne airport, Virgin, Jetstar, Coles, Google, Apple, Microsoft, Cadbury, media outlets, the list goes on and on...)
- Large volume of online orders received daily

STRENGTHS/ BENEFITS
- Fully equipped baking facility with all plant and equipment included in the sale price
- Capacity for growth
- Skilled and experienced team of staff will transition to the new owner
- Very high profit margins
- Current owners have no background in baking or cake making

A full Information Memorandum, including financials, will be provided only after the completion of a Confidentiality Agreement.

Contact Cameron Ryan on 0411 145 114 for a confidential discussion about this business or register your interest by clicking on the 'Contact Agent' link on this advertisement and completing your details. Please quote reference BR1365.

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Last updated: 17th December 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Melbourne
State
 Victoria
Price
$299,000 WIWO
Category
  • Bakery
  • Food/Beverage
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Cameron Ryan