SBX Business Brokers Phone : 02 9439 ****

Bakery - Franchise - Under Management - Sales $19,000 pw - Bakery - Franchise - Under Management - Profit $5120 pw - Northern Beaches - Full Financials

Listing Id : 249242

Location : New South Wales

Category : Bakery

Asking Price : 495,000

Business description

Bakery - Franchise - Under Management - Northern Beaches - Agent SBX Code Number: FS1099 Bakery franchise selling premium breads, rolls, pastries (sweet, savoury, crusty and soft). - Products are baked fresh daily. - In house training is provided by the franchisor with detailed information systems in place. - Price includes renovated cost approx. around 80k.- All equipment in excellent condition - Walk in fridge and freezer. Potential Owner operation can increase more revenue and profit, Features Long lease till 2**** **** Great location with good brand name. - Same owner since 2009.- Full financials - Run under management. - 700 worldwide franchisees. Premises This business has an area of 83 sq. mts. plus 10 sq. mts. storage room. Location Situated in busy shopping centre in Northern Beaches. Trading Hours 7 days - 700 a.m.- 600 p.m.- Thurs. - 9 p.m. Lease Current lease commenced June, 2017 and expires on June 2**** **** 4% rent increases. - 3 months bond. Employees 16 casuals. Comments Managers and some staff wages of $1,200 p.w. have been added back to show profit for two working owners with wages of $5800 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 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 .- Financials available - Excellent selling price offered by owner as new sites can cost around the $500,000 mark. Figures Weekly Sales $19000 Rent (ex GST) $2**** **** Wages $5800 Profit $5120 Agent SBX Code Number: FS1099 - SBX Business Brokers


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