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Baker - Franchise - North West Sydney - (Code: F3237)

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Price: $498,000






Weekly Takings (inc GST) $20,500
Cost of Goods $4,000
Gross Profit $16,500
Rent $2,230
Wages $6,200
Outgoings $285
Telephone $60
Insurance $40
Electricity $485
Gas $
Misc 1 $1,742
Misc 2 $458
Total Expenses $11,500
Net Profit $5,000
Coffee Kilos P/W 0.0

Estimated Stock

$10,000
(Additional)

Equipment

$
(Included)
All other values
exclude GST
General Description
Bakery franchise selling premium breads, rolls,pastries both sweet and savory,crusty and soft. - Products are baked fresh daily. - Uses 160 bags of flour per week - Recently refurbished - In house training is provided by the franchisor with detailed information systems in place. - Excellent selling price offered by owner as new sites can cost around the $500,000 mark with no guarantee of any success. - Two Page confidentiality agreement executed is required before address is given.

Potential
Owner can work as many hours in business as they wish to increase bottom line profits.

Features
New upgraded fit out. - Long lease. - Hot location. - Run under management. - Same owner nearly ten years. - Full financials. - Highly sort after franchise system. - High margins. - 700 franchises world wide.

Premises
Fully equipped in very good condition plus 10 sq.mt. storage offsite.

Location
Great location close to major supermarket chain and other prominent retailers .

Trading Hours
7 days - 7.00 a.m. to 6 p.m. - Thurs to 8 p.m. -

Lease
Current lease expires 30.06.2024 - 4 % annual rental increases - 3 month bond.

Employees
Two owners + one Manager + 4 full time employees + 4 part timers + 13 casuals

Comments
Managers and some staff wages of $2000 p.w. have been added back to show profit for two working owners with wages of $6200 per week. - A family could make even more by further reducing wages. - Training fee of $10,000 not included payable to franchisor for 16 weeks training. - Royalties 6.5% of net sales. - Marketing levy 2 % of nett sales. - No baking experience is required. - New 10 year franchise fee payable by purchaser in Nov. 2019 of $50,000 plus gst not included in selling price to franchisor or can be paid to franchisor monthly by royalty increase of 0.5% from 6.5% to 7.0% of net sales .


SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXF3237

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