Mannum Bakery

SOLD

Web ID:

Business Description

Located only 1 hour from Adelaide in a picturesque River Murray town. The bakery has been operating for over 25 years and is an icon within the community. Well equipped and beautifully presented, it generates average retail sales of over $12,000 per week. If a couple own this business they can expect to earn in excess of $150,000 per annum.

Simon Winter 0419 828 689

Extended Price Information

Goodwill including Plant & Equipment $195,000
Stock at valuation (approx) $8,000
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$208,000
The freehold property is available to purchase for an additional $350,000 should a buyer be interested.

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment
n/a $797,520 $156,715 77.20%
n/a $544,578 $94,747 46.67%
2012/2013 $613,481 $150,538 74.16%
n/a
The return to owner is a net return to two working owners after all expenses and wages but excluding the vendors' wages.

Staff Summary

Two full time and four casual staff are employed by the business.

Lease Summary

Current Rent $2,500 per month + GST
Lease Term 5 years
Lease Commencement Date of Settlement
Right of Renewal 2 x 5 years
Outgoings Paid by tenant
Adjustments CPI annually
Current Rent

Freehold Summary

Certificate of Title Volume 5450 Folio 320
Asking Price $350,000
Area approx 388sqm
Capital Value $245,000
Zoning Town Centre (TCE)

Plant & Equipment

Original Cost of Plant $324,105
n/a $50,000
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