Description

Bakery, part of well-known successful franchise group, located in high growth regional city in New England area, and showing continued sales growth. The shop is well positioned opposite mager supermarket in a strong established shopping centre of 44 shops, and enjoys exceptional passing foot traffic. The shop front provides a full width display, and showcases the wide choice of freshly made breads and rolls, savoury snacks, sweet snacks, a variety of scrolls, croissants, danish, scones and pizzas. A full refurbishment costing $250,000, has been recently completed , with upgrades to ovens, and new equipment including freezers, fridges, prover and mixer. The business has strong links to local sporting teams and clubs, and provides in-kind support. This company has over 700 stores in 4 countries and is a dynamic franchise with strong support to franchisees.

Potential

Continue to target social media outlets.

Features

Long established - Great position opposite large supermarket - Good lease - Recent extensive refurbishment - Well known franchise with strong support.

Premises

A very well presented shop with comprehensive and attractive display counters presenting products.

Location

Prime location opposite large supermarket in well-established shopping centre in very strong New England city.

Trading Hours

7 days - Monday, Tuesday, Wednesday & Friday: 7.00 am to 6.30 pm Thursday: 7.00 am to 6.30 pm. Saturday: 7.00 am to 5.30 pm. Sunday: 7.00 am to 4.30 pm.

Lease

Current lease expires July 2029 - Increase 3% - Nil bank guarantee.

Employees

2 owners - 5 full timers - 2 apprentices - 8 casuals.

Comments

Misc.- 1- Franchise fees 7% net sales and marketing fees 2% net sales - Misc.- 2- Shop supplies ($220) Cleaning ($100) Repairs and maintenance ($260) - I owner wage added back to represent buyer/operator - Owner will assist with transition - Franchisor requires buyer to undergo a training course if a new franchisee.

SBX ID

CB1504