Visit this listing at https://www.sbx.com.au/business?id=CB1504

Business Code: CB1504

Key Features: Bakery - Popular Franchise - New England Area - Takings over $30,000 p.w.

State: NSW

Suburb: West Tamworth, 2340

Location: Prime location opposite large supermarket in well-established shopping centre in very strong New England city.

Description

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.

Summary

  • Features: Long established - Great position opposite large supermarket - Good lease - Recent extensive refurbishment - Well known franchise with strong support.
  • Potential: Continue to target social media outlets.
  • Premises: A very well presented shop with comprehensive and attractive display counters presenting products.
  • Trading Hours: 7 days - Monday, Tuesday, Wednesday & Friday: 7.00 am to 6.30 pm Thursday: 7.00 am to 6.30 pm. Saturday: 7.00 am to 5.30 pm. Sunday: 7.00 am to 4.30 pm.
  • Lease: Current lease expires July 2029 - Increase 3% - Nil bank guarantee.
  • Employees: 2 owners - 5 full timers - 2 apprentices - 8 casuals.
  • Sale Reason: Time to move on.
  • 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.

Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale.

Weekly Summary

Weekly Takings (inc GST)

$30,805

Cost of Goods

$6,395

Gross Profit

$24,410

Rent

$1,935

Wages

$12,390

Telephone

$75

Insurance

$270

Electricity

$740

Misc1

$2,890

Misc2

$580

Total Expenses

$18,880

Estimated Stock (Additional)

$100,000

Equipment (Included)

$200,000

Net Profit

$5,530

Price

$520,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bakery - Franchise

Business Code: CB1504
Price: $520,000
+ Estimated Stock (SAV) $100,000

Key Features: Bakery - Popular Franchise - New England Area - Takings over $30,000 p.w.

State: NSW

Suburb: West Tamworth, 2340

Location: Prime location opposite large supermarket in well-established shopping centre in very strong New England city.

Business Overview

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.

Summary

  • Key Features: Long established - Great position opposite large supermarket - Good lease - Recent extensive refurbishment - Well known franchise with strong support.
  • Potential: Continue to target social media outlets.
  • Premises: A very well presented shop with comprehensive and attractive display counters presenting products.
  • Trading Hours: 7 days - Monday, Tuesday, Wednesday & Friday: 7.00 am to 6.30 pm Thursday: 7.00 am to 6.30 pm. Saturday: 7.00 am to 5.30 pm. Sunday: 7.00 am to 4.30 pm.
  • Lease: Current lease expires July 2029 - Increase 3% - Nil bank guarantee.
  • Employees: 2 owners - 5 full timers - 2 apprentices - 8 casuals.
  • Sale Reason: Time to move on.
  • 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.

Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale.

Weekly Summary

Figures exclude GST

Weekly Takings

$30,805

Cost of Goods

$6,395

Gross Profit

$24,410

Rent

$1,935

Wages

$12,390

Telephone

$75

Insurance

$270

Electricity

$740

Misc1

$2,890

Misc2

$580

Total Expenses

$18,880

Estimated Stock (Additional)

$100,000

Equipment (Included)

$200,000

Net Profit

$5,530

Price

$520,000
+ Estimated Stock (SAV) $100,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.