Internal Ref: CB1504
Summary
SBX Code: CB1504 - Well known franchise - New England area - Great position opposite large supermarket
Rent
$1,935 pw
Net Profit
$5,530 pw
Location Details
Prime location opposite large supermarket in well-established shopping centre in very strong New England city.
Potential
Continue to target social media outlets.
Hours
7 days - Monday, Tuesday, Wednesday & Friday 7.00 am to 6.30 pm Thursday 7.00 am to 6.30 pm. S
Lease
Current lease expires July 2029 - Increase 3% - Nil bank guarantee.
Employees
2 owners - 5 full timers - 2 apprentices - 8 casuals.
About the Business
Bakery - Franchise - New England Area
SBX Code: CB1504
Bakery, part of well-known successful franchise group, located in high growth regional city in New England area, and showing continued sales growth. The shop is well positioned opposite mager supermarket in a strong established shopping centre of 44 shops, and enjoys exceptional passing foot traffic. The shop front provides a full width display, and showcases the wide choice of freshly made breads and rolls, savoury snacks, sweet snacks, a variety of scrolls, croissants, danish, scones and pizzas. A full refurbishment costing $250,000, has been recently completed , with upgrades to ovens, and new equipment including freezers, fridges, prover and mixer. The business has strong links to local sporting teams and clubs, and provides in-kind support. This company has over 700 stores in 4 countries and is a dynamic franchise with strong support to franchisees.
Features
Long established - Great position opposite large supermarket - Good lease - Recent extensive refurbishment - Well known franchise with strong support.
Premises
A very well presented shop with comprehensive and attractive display counters presenting products.
Comments
Misc.- 1- Franchise fees 7% net sales and marketing fees 2% net sales - Misc.- 2- Shop supplies ($220) Cleaning ($100) Repairs and maintenance ($260) - I owner wage added back to represent buyer/operator - Owner will assist with transition - Franchisor requires buyer to undergo a training course if a new franchisee.
SBX Code: CB1504
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