- Highly profitable boutique patisserie specialising in gourmet, hand crafted macarons, cupcakes, brownies, celebration cakes and wedding cakes.
- The business is currently run under management.
- Excellent branding and unique business model
- The business has two stores operating in two shopping centres, both only 10 mins apart in Newcastle NSW
- Both stores are impeccably set up and located in strategic locations, directly opposite and around major retail outlets offering high foot traffic and exposure.
- From Sydney to the Upper Hunter region, the business has a vast and loyal customer base, and with both stores located in popular shopping centres, provides a captive retail audience.
- Strong wholesale distribution of their bakery goods catering to many local cafes within the Hunter Region
- Excellent growth and popularity supplying bespoke wedding cakes in the lucrative wedding cake market and industry
- Products are in high demand for event catering - such as school fetes, morning teas, fundraisers, including birthday milestones and parties to engagements and as mentioned weddings.
- Simple cafe menu, easily executed with no cooking required.
- Selling an impressive 80-100 kgs coffee per week
- Family owned since 2012
- Store 1 is 57.5m2 that includes seating for 30 customers, and an additional 40m2 outside the store dedicated to dining, seating 60 customers
- Store 2 is a Kiosk setup, with seating capacity of 30 customers.
- New Lease offer for store 1 starting June 2020 with 5 year option,
- 2 years left on Lease for store 2, until April 2022
- Centre Management and Leasing managers of both shopping centres have approached owners wanting them to open additional stores within their centres across NSW, with future plans on national distribution.
- Immediate opportunity for business expansion
- Opportunities for new owner to Franchise business
- Turn Over just under $2M 2019 F/Y
- Increasing year on year since 2014
- Rent for store 1 is $165,000 p/a
- Rent for Store 2 is $85,000 p/a
- Reason for sale is owner currently operates another business and is finding juggling and managing both business with 4 small children tiresome.
- Information Memorandum available on request
- Inspection will not disappoint.
ASKING $695,000 + SAV
Contact InformationContact Noel Currie
Hunter Region (Newcastle, NSW), New South Wales, Australia Flag Ad