Bakery Food/Hospitality Business for Sale

Bondi Junction 

Offers Over $200,000

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    Bakery Food/Hospitality Business for Sale in Bondi Junction

    Well Established Cafe / Bakery - Run Under Management - Bondi Junction

      Take away cafe / pasty bakery flagship store at Bondi Junction, selling traditional handmade Cornish and various pasties, coffee, cold drinks and alcohol ( Licensed ).

      Location Details
      The store occupies a prime location in Bondi Junction in the humming pedestrianised area of Oxford Street, a short walk from both Westfield Bondi Junction and train station.

      Potential
      The business is ready for expansion and is ripe to be franchised with plans for the central kitchen and chilled/frozen product distribution to additional stores and businesses. The owners have developed a 10-store, 4-year expansion plan, complete with financial modelling.

      A purchaser can also grow the catering arm of the business, explore options to move into food trucks and even consider large-scale supply e.g. airline catering.

      Skills
      Day to day store operations is run under management with current owners managing the back office administration and high-level store supervision.

      Hours
      Trading 7 days a week
      Monday - Saturday: 8:00am - 7:00pm
      Sunday: 10:00am - 4:30pm

      Lease
      Approx. 55 sqm, expiring 28th February 2022 (4 1/2 years); Current base rent is $106,653.33 per annum ($2,051 per week).

      Employees
      4 x FT Sales Assistants
      1 x FT Store Manager
      2 x Chefs

      Reason for Sale
      Owners are expecting a growing family and they wish to relocate to the UK to be with extended family.

      About the Business
      This is an opportunity to purchase an original business - the first bakery-cafe in Australia dedicated to handmade Cornish Pasties. Founded in 2011, the store offers around 20 varieties of sweet and savoury pasties for customers, to eat in, with seating inside and out, or take away.

      Key facts about this business:

      • An established cafe takeaway/pasty bakery flagship store at Bondi Junction
      • Coffee, cold drinks and alcohol license
      • Run under management
      • Franchise expansion opportunity
      • Consistent sales circa $650k
      • Licensed outside seating for 20 persons

      For more information on this exciting opportunity, please contact the undersigned:

      Richard Ames
      Business Sales Specialist | Business Sales Sydney
      Ray White Business Sales, Corporate Business Sales & Acquisitions
      M: 0421 490 501 T: 1800 858 696 E: richard.ames@raywhite.com

      Or

      Mark Levitt
      Business Sales Specialist | Business Sales Sydney
      Ray White Business Sales, Corporate Business Sales & Acquisitions
      M: 0431 004 488 T: 1800 858 696 E: mark.levitt@raywhite.com

      For more details complete the contact us form on this page or go to www.rwbs.com.au andcomplete our online confidentiality agreement. Use thereferenceID 1764348 to search for the business.

      Disclaimer:
      Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

      Categories:

      Bakery, Cafe/Coffee Shop, Takeaway Food

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