Vendor drops $290k on the Asking Price today. This will sell this week .
This very well established Bakery has Earned Iconic Status being an Integral part of the Cairns food scene for over 36 Years
Reputation like this one are forged over many years of Consistency, Quality and Value and of course great service to the local Community
Ideally Positioned on a major Arterial road , close to the heart of the city and on a well exposed highly visible corner position, this brand has all the hall marks of perhaps outliving some of us .
Comprising of a Valuable Genesis Bakery System, wages are reduced by some 40% making this a very attractive opportunity
Points for Consideration:
- Established in 1988…Reputation Plus
- Well Respected, Well Established, Well Staffed.
- Attractive Balance of Retail vs Wholesale
- Up to 60 Doz Pies Daily
- Outperformed Covid Conditions
- Central City Corner Position on Main Arterial Road
- State of the Art Genesis Bakery Systemreduces wages by some 40%
- $2.5 Million Plus T/O
- Working Owner on $97,000 Salary,Plus $658,000 Adjusted Nett Profit
- Rent presented at extremely attractive 1.8% Of Turnover
- Return on Investment 44%
- Still Scope for Growth
- Priced accordingly as Vendors retirement beckons
Proudly Presented at $1,200,000.00 WIWO
The vendor stands by his business as one of the “Best Bakeries” on the Eastern Seaboard…So much so that a trial is offered to Highly Qualified Buyers under certain conditions.
Opportunities like this are Rare and the Financials suggest it wont last long…If you’re looking to escape Melbourne, Brisbane or Sydney, then accept our offer to “Go and get Tropical” … this could be the right opportunity for you .
National Mobile Hospitality and Ice Cream Specialist
Benchmark Business Sales and Valuations
M: 0413 118 718
T: 1300 366 521
Please ensure you have the necessary capital or equity before expressing an interest in this business.
The images shown are for illustration purposes only and may not be an exact representation of the business.