Price
$1,300,000
Profit *
Refer to Broker
Sales Revenue
$1,375,069
Location
Melbourne Region, Frankston
Category
Food/Hospitality, Bakery
Listing #
ME03162
This acquisition opportunity is for a longstanding bakery that has captured the hearts of locals and passers-by. It has been operating under its current owner for 36 years, benefitting from no competition in the area.
*$1,375,069 annual takings
*$1,054,545 annual gross profit
*$19,646 monthly owners’ salary
*Near-new equipment
Purchasers have a rare opportunity to acquire a longstanding bakery with a strong reputation cultivated over more than 30 years under the current owner. The business enjoys an outstanding market position with no direct competition, ensuring consistent demand. It has near-new equipment and a proven track record of excellence as evidenced by its award-winning pies and coffee.
The business is located on a main road in a residential area, benefitting from high visibility and convenient front car parking. Its premises feature a single-fronted shop that extends into a long space ample for operations.
Operating the business are two full-time working owners and 11 part-timers, many of whom have been with the business for decades. The staff work full days despite being listed as part-time, ensuring operational consistency and efficiency.
To learn more about this exciting opportunity to acquire a thriving business, contact Tony Latessa today!
Listing ID: ME03162
Broker: Tony Latessa
Phone: 0412 525 151
Email: [email protected]
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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