Absolute Business Brokers Phone : 03 9566 **** Chris Panagiotidis
03 95 ****

Bakery Cafe Business For Sale in the North

Listing Id : 249635

Location : Victoria -Melbourne

Category : Bakery, Takeaway Food, Cafe and Coffee Shop

Asking Price : $1,350,000

Business description

Established 25+ years, this long established family business is on the market for the first time. This bakery cafe business occupies 2 locations in the north of Melbourne. Sells a large variety of baked goods such as bread, pies, cakes; prepared food - wraps, sandwiches, focaccias and beverages - coffee, tea, milkshake. Also does catering.

The store in Kilmore has an excellent corner location with plenty of customer parking in the front of the shop.  All food is produced on site. There is seating for 46 inside and 50 outside at this store. This is the original store and has been at this location for 28 years.

The second location is in Wandong, is close to the train station and a school. Also has plenty of car parking available for customers. Seating capacity at this store is 24 inside and 10 outside. This store was opened 14 years ago.

Trading hours are 7 days per week - Monday to Friday 6am to 6pm, Saturday and Sunday 7am to 4pm.

6 full time and 18 casual staff over both stores, owner only works part time.

Business does a solid turnover of $2.7 million per annum, with excellent net profit.

Rent for Kilmore location is $120,000 per year and Wandong location is $16,000 per year.

A new lease is available for the Kilmore location and the Wandong store has secure lease options of 3x3x3.

Excellent business that can be run under management as experienced staff are in place.

Huge potential in this business as new owners can look at supplying other cafes.

For more information and to arrange an inspection contact Chris Panagiotidis or Elle Likopoulos on**** **** or via email at elle@absolutebb.com.au

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