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Business Details
Code:
RB631
Business Type:
Bakery
Area:
Brisbane Near CBD
Established:
2017
Lease:
Until April 2024 + 5 year option
Rent (excl GST):
$6,340 per month + approximately $1,400 per month outgoings
Trading Hours:
Limited trading hours
Currently
(Mon - Sat) 6.30am - 2.30pm
Sunday Closed
Closed all public holidays and 2 weeks over Christmas
(Potential to increase trading hours with a considerable
immediate uplift to sales)
Delivery Run:
Nil
No of Staff:
Currently under full management with 2 full-time + 5 casuals
(varies)
Vendor Hours:
Nil operationally
Approx Turnover(excl GST):
FY2021 $846,000 (Closed 2 weeks)
FY2020 $1,077,000
(Was estimated to turnover $1.3 million Pre-Covid)
Reason for Sale: Owner downsizing
      General Information

Bakery, Prime Brisbane Location, 10,000'S of Customers at your doorstep

About the Business
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 are 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 gourmet pies.


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!

Currently no 3rd party deliveries. Potential to introduce!

The fit-out is a full bakery, and has been set up by a passionate owner

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

Potential Return to an Owner/Operator
FY2021 $167,000 EBITDA (Covid affected)
FY2020 $170,000 EBITDA (Covid affected)
FY2019 $220,000 EBITDA

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

ASKING PRICE $330,000 + SAV (approximately $6,000)


For more information, please contact

Reg Butler
0438 189 657

reg@brokers.net.au
Asking Price:
$330,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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