Yorke Peninsula bakery

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Business Description

  • Turnover in excess of $1.5 million
  • Retails from 2 well known sites, baking from 1
  • Involved in limited wholesale
  • Experienced staff in place
  • 2012/13 return to owner over $225,000
  • Both sites include a 2 bedroom residence
Simon Winter 0419 828 689

Extended Price Information

Goodwill including Plant & Equipment $300,000
Stock at valuation (approx) $53,000
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$353,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment
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n/a (Both Bakeries) $1,713,931 $292,014 83.43%
2012/2013 (Both Bakeries) $1,554,938 $226,494 64.71%
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The return to owner is a net return to two working owners after all expenses and wages but excluding the vendors’ wage.

Note: The income and return is down in 2012/13 because in 2011/12 the vendors decided to significantly cut back on wholesaling products to other bakeries.

Staff Summary

Maitland employs one full time baker's assistant, one casual general cook and five casual sales staff.

Ardrossan is run entirely under management and employs one full time and one part time manager as well as one part time and seven casual sales staff.

Lease Summary

Current Rent Maitland $2,372.73 per month + GST
Current Rent Ardrossan: $2,750.00 per month + GST
Lease Term Maitland: 5 years expiring 22nd March 2014
Lease Term Ardrossan: 5 years expiring 9th August 2016
Right of Renewal Maitland: 1 x 5 years
Right of Renewal Ardrossan: 3 x 5 years
Outgoings Maitland & Ardrossan: paid by tenant

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Plant & Equipment

Written Down Value of Plant (approx.) $105,000
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