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Business Details

BUSINESS SUMMARY

  • 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.

SERVICES

  • 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

BUSINESS DETAILS

  • 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

FINANCIALS

  • 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

$ 695,000.00
Contact Information
Contact Noel Currie
1300722556
Hunter Region (Newcastle, NSW), New South Wales, Australia
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