Bakery - northern suburbs

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Business Description

  • Located north east of Adelaide on the outside of a busy shopping centre
  • Turning over $5,500 per week excluding GST
  • Trading 5 and half days
  • Everything made on site
  • Long established family bakery

A family run and owned business that opened in 1988 with a strong community involvement and great reputation.

In an easy to find location that offers good exposure.   Currently trading 5½ days – new owners could increase hours.

Constantly turning over above $5,500 per week (excluding GST) across 50 weeks for a number of years.  Offering a range of hot foods including pies, pasties and sausage rolls as well as a range of sweets and treats including donuts, scones, biscuits and more.

The current owners ready hang up their aprons and move towards retirement.

Melanie Winter 0408 085 932


Extended Price Information

Goodwill including Plant & Equipment $97,000
Stock at valuation (approx) $2,500
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$99,500

Financial Summary

Year
Sales
n/a $251,754 $87,367
n/a $250,720 $85,658
n/a $264,709 $105,907
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The return to owner is a net return to two working owner after all expenses and wages but excluding the vendors’ wage.

Staff Summary

Two vendors and three casual staff

Lease Summary

Current Rent $2,746.75 per month + GST
Lease Term 5 years
Lease Commencement 1st March 2015
Current Rent 28th February 2020
Right of Renewal 1 x 5 years
Outgoings Paid by tenant
Adjustments CPI annually

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Plant & Equipment

Original Cost of Plant $46,074
Written Down Value of Plant (approx.) Nil
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