Gold Coast Lunch Bar/Bakery 5.5 Days a Week
- ID Ref MorgansBHB
- Suburb Burleigh Heads
- State QLD
- Status For Sale
Business DescriptionBig Price reduction to $330,000 + stock! It’s very hard to find quality like this. A very simple systemized, profitable business that doesn’t bake bread so easy to run. This Powerful Business ticks all the boxes, approximate Netting $200,000.00 plus, on the books. The last two quarters of the year showed a net profit to the owner of $105,058.18 in the quietest time of year.
This business continues to increase sales every month over the last two years. For those of you that are just looking at buying a business for the first time let me explain why this is a great business.
This is the most profitable Lunch bar Bakery I have seen in 20 years.
1. The husband does 17.5 hours, the wife does 27 hours per week both have finished work for the lunch date by 12.00 noon 5 days per week, the business system can operate without a baker.
2. Position, great traffic flow and right next to a huge commercial precinct fuelled by a service station and the only bakery in the area.
3. A very long lease to September 2021 + 2 x 3 year options and rent at $2,263.75 including outgoing and GST per month, 40m2 + 70m2 outdoor seating area. The turnover to Rent percentage 3.8 % this is very impressive, I doubt you could find this anywhere on the Gold Coast.
4. Trades 5.5 days per week Gross margin on the product a huge 60%.
5. All retail trade over the counter no accounts all suppliers paid C.O.D.
6. Closed for Eater Closed for Christmas and owners take at least 3 weeks holidays away each year.
This is a very good buy, huge family benefits, no grocery bill for the family here, plenty of time off and very low overheads.
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