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Baker - Franchise - Popular franchise

Listing Id : 245493

Location : New South Wales

Category : Bakery

Asking Price : 498,000

Business description

Baker - Franchise - North West Sydney - Agent SBX Code Number: F3237 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 30.06.2**** **** % 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 . Figures Weekly Sales $20500 Rent (ex GST) $2230 Wages $6200 Profit $5000 Agent SBX Code Number: F3237 - SBX Business Brokers


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