Award Winning Bakery/Cafe - NSW’s Central West

24 days ago

Location:
Regional NSW > New South Wales

Investment level:
$1,450,000 + SAV

Type:
Business

Industry:
Food & Drink > Coffee, Cafes & Restaurants > Bakery

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Internal Ref: 20556047

Summary

This is an award winning & long-established bakery-cafe located in the Central West of NSW in a beautiful tourist town.

Location Details

Located in Central West NSW, the bakery-cafe occupies premises approx. 603 sqm in size & has over a 110 seat capacity & is considered to be within the heart of the local community.

Potential

There is a huge untapped opportunity to:

Expand the wholesale supply side of the business which has never been explored.
Expansion of the current premises to increase seating capacity which is currently just over 110 seats.

Wholesale revenue is small at present but represents a significant area of potential given the range of products the bakery can supply and particularly the demand for its range of housemade pies.

Skills

Owner experience and/or experience in operating/running a Bakery and/or a cafe will be useful & beneficial. Alternatively, the business can afford to employ staff with the required skills.

Hours

Owners x2
FT x 9
PT x 10
Casuals (Adults) x9
Casuals (Junior) x9
Other x2

Lease

Currently sitting at a healthy 4% of total business t/o.

1 year remaining with a 2 x 5 year option available.

Employees

Owners x2
FT x 9
PT x 10
Casuals (Adults) x9
Casuals (Junior) x9
Other x2

Detailed Staff breakdown can be found within the Information Memorandum prepared for the business, please enquire to obtain this document.

Reason for Sale

The owners have owned the bakery/cafe for over 20 years & are motivated to move on providing a reasonable price can be achieved.

About the Business

On offer is an extremely exciting opportunity, this Bakery/Cafe has been established for over 20 years & is extremely well renown within its community in NSW's Central West.

The Bakery/Cafe has won multiple awards & has generated impressive online reviews with an average over 4 stars across multiple platforms. Financially, the bakery/cafe produces strong results financially yearly with the previous financial years resulting over $2.5m in total sales & producing a very healthy profit margin contributed by the exceptional margins (Rent at only 4%. COG's at 28%)*.

In addition, there is ample room for potential & future growth, wholesale is yet to be explored as mentioned above + potential for internal expansion to increase seating capacity proves this opportunity is worth enquiring for.

Key facts about this business:

- Award Winning & very well renown
- Long established, 20+ years
- Huge potential via Wholesale & an increase to seating capacity.
- Very attractive lease, sitting at 4% of the total turnover (industry average sits at 8% to 10%) with a 2 x 5 year option available.
- Approx 50kgs of coffee sold per week, 110+ seat capacity & exceptional online reviews across multiple platforms.
- Location is within the heart of the local community, contributing to the strong & consistent sales per year.


For more information on this opportunity, please contact the undersigned:

Nick Poulos
Business Sales Specialist
Mentored Business Sales, Corporate Business Sales & Acquisitions
M: 0410 076 114 T: 1800 858 696 E: nick.poulos@mentored.business

For more details go to www.mentored.business and complete our online confidentiality agreement. Use the reference ID 20556047 to search for the business.

Disclaimer:
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

History

Operating for over 20 years, multiple awards won throughout & certain key decisions regarding location & expansion have resulted in a very successful & renowned history for this bakery/cafe.

More regarding the history of this business can be found within the Information Memorandum which can be obtained following an enquiry.

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