Listing status: Inactive
Reason: --
Bakery - Cafe - Sandwiches - Takeaway - Northern Beaches- Bakery - Cafe- Cheap price for quick sale - M2133
Bakery - Cafe - Sandwiches - Takeaway - Northern Beaches- Bakery - Cafe- Cheap price for quick sale - M2133
Industry :
Food/HospitalitySub Industry :
BakeryAbout the business
Bakery - Cafe - Sandwiches - Takeaway - Northern Beaches - Agent SBX Code Number: M2133
Bakery and cafe serving daily freshly made bread, pastries, pies, cakes, sandwiches and coffee. - A very successful business for 21 years. - The average weekly takings were $30,000 pre Covid. - The business is now for sale based on shop equipment value, not being sold on the business goodwill. -Plant and equipment includes 2 baker ovens, 2 mixers, roller, dough baker, dishwasher, cool room and walk in frozen room and steam room etc. - The business was relocated in 2016 and set up at cost $500k. - Has for many years been granted Northern Beaches Local Business Award including 2021.
Potential
Add home delivery. - Add wholesale business. - Promote the products. - Great potential for a motivated new owner or family business.
Features
Perfect and busy location. - Well known brand to locals. - Regular customer base. - Great potential after market recovery. - Bargain offer
Premises
Well presented shop with an area approx. 90 m2 including full bakehouse and wide range of baked products display counters plus seating area.
Location
Prime location in major shopping centre food court with high foot traffic surrounded by food stores and a large supermarket.
Trading Hours
7 days - Shopping centre hours.
Lease
7 years lease expires 31 June 2023. - Currently 50% discounted rent. and continue paying half rent for further 6 months - A new lease may be available for approved purchaser.
Employees
2 owners plus 3-4 staff
Comments
The rent shown is 50% discount rate. - Great opportunity for a new lease with discount rent subject to the centre approval. - First time on market after 21 years. - The price includes all quality plant and equipment and shop stock. Very keen vendor. - The vendor is willing to provide ongoing support and assistance if a suitable purchaser requires. - A must to inspect.
Figures
Weekly Sales $17000
Rent (ex GST) $2826
Wages $4500
Profit $4120
Agent SBX Code Number: M2133 - SBX Business Brokers
SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.
Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.
SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.
To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.
View other listings by this business
$85,000
Enquire about this business
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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