SOLD! Quality Bakery – Turnover $2m+pa – Lake Macquarie

Established over 10 years this business is a consistent performer supplying in-house baked products and hot/cold foods from breakfast through to late afternoon. This is a busy business throughout the day.

Currently trading 6 days (no Sundays), the extra day could be worked and increase turnover by over $200K per year.

Located in a prime commercial precinct close to industrial and residential locations the business has great exposure to busy mains roads. There is ample parking nearby both on-road and off-road.

• Covered seating for 15-20
• Well-maintained quality P&E – value approx $165K
• Trade is 85% Retail and 15% Wholesale
• Lettable area 165sqm including alfresco
• Fully staffed 
• Excellent rent – around 2.6% of turnover
• Lease term to be agreed to suit the purchaser

The vendors will provide a 2-week handover to the new owner(s) included in the sale price.
A non-compete agreement will be included in the Contract of Sale.

This is an outstanding bakery/cafe with genuine potential for further growth.The business will suit either a baker or non-baker (s), the current owners focus on production planning and business management – not baking.

Asking Price: The Goodwill and Assets of the business are for sale for $780K plus SAV.