French Patisserie, Very Profitable, Operating for over 50 years Idyllic Location

14 days ago

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Internal Ref: 82741-107034

Summary

Highly profitable, providing authentic cakes, pastries, fine chocolates & breads for over 50 years. Loyal customer base, a local institution within a prime Eastern Suburbs foodie shopping strip.

Revenue

$910,726 pa

Rent

$77,539 pa

Expenses

$500,685 pa

Net Profit

$291,915 pa

Location Details

This business is located amongst a group of shops within a foodie village shopping precinct in the Eastern Suburbs. Easily accessed with ample off-street parking and is a one stop destination for all household grocery needs and services.

Potential

• Capitalise on the great location
• Drive product sales online
• Increase daily operating hours and open 7 days (currently closed Monday)
• Evolve website and increase online marketing
• Direct marketing via email database
• Introduce a wholesale supply service

Skills

Ideal for experienced Pastry Chef or run under management with an additional Pastry Chef/ Manager.

Hours

Tuesday - Sunday 7am-5pm

Lease

Lease until November 2024

Employees

4 Fulltime

Reason for Sale

Owner is retiring

About the Business

• Growth this past year – sales and profit up
• Less than 2 Year Payback
• Would suit Pastry Chef wanting to own their own business or run under management
• Busy, profitable and continues to grow
• Loyal Customer base established over 50 years
• Located in an idyllic Eastern Suburbs Foodie Shopping Strip
• Highly regarded and respected French Patisserie with 4.3 Star Google Rating
• High level of repeat business
• Fully systemised business with well-documented recipes
• Owner flexible and will provide a hand over (rolling transition)
• Impressive commercial equipment in excellent working order

History

Established in 1969 with only 2 Owners. Current Owner since 2000

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