About the Business

This long established bakery nested in one of the most popular suburbs of the scenic Gold Coast and just 3 km off from Surfers Paradise. The suburb is known for its upscale waterfront properties and tranquil living environment. The bakery shop is located in the vibrant heart of Gold Coast and is situated in one of the bustling shopping centres where the business has no direct competition being as the only bakery in the proximity.

The business has been there for over 30 years and become an Essential Service for the locals with stabled and continued daily cash flow is almost assured. With a reputation for delicious, freshly baked breads and hearty breakfasts, this beloved bakery has built a strong, loyal following among locals and visitors alike who simply can’t get enough of the daily-crafted goodies.

The business trades 6 days weekly (close on Sunday) and regularly catches the morning rush and fills the high-traffic area with the irresistible aroma of baked goods, drawing in a steady stream of foot traffic. Perfectly positioned in a bustling precinct, it’s a natural magnet for both new and returning patrons. A cozy, family-run business, it offers a warm, welcoming vibe that customers adore. Year after year, this bakery has shown stable, reliable performance of over $20K as averaged weekly sales with annual netting of close to $450,000 setting up a strong foundation for the next owner to build on.

Given with its long standing history, the shop has a great relationship with the landlord who supports this business with a reasonable weekly rent of less than $2,000 (inclusive of O/G, GST & Promo). Presently the owner’s son is the main baker supported by a couple of part-time bakers and a full time manager, who is loved by the customers, overseeing the front end of the business operations.

Although the owner is unwilling to offload, due to personal reason he has decided to find a passionate individual or family to take the reins and carry on this beloved bakery’s legacy. There’s plenty of room for a new owner to take things up a notch such as extended hours or fresh product lines for even more growth potential.

This business is perfectly suitable for 188A visa applicant and the owner has committed to offer an easy handover and post settlement tuition.