Business DescriptionRun under full management, this is an exciting opportunity to become one of the largest cake suppliers in Melbourne (wholesale and retail)!! Business highlights as follows:
- Very well known brand renowned for high quality products
- Potential to convert business into a franchise model
- Basic entry level business skills required, simple business to operate
- Holds significant market share in Melbourne market
- Large purpose-built manufacturing facility (perfectly located 7km south-east of Melbourne CBD in Armadale)
- Extensive list of wholesale and corporate clients (ASX listed companies, Big 4 banks, Melbourne airport, Virgin, Jetstar, Coles, Google, Apple, Microsoft, Cadbury, media outlets, the list goes on and on...)
- Three retail outlets located in prime locations around Melbourne CBD
- Large volume of online orders received daily
- Asking Price: $1,100,000 plus SAV
- EBITDA in FY19 $377,000
- Long and secure leases across four tenancies
- Enviable reputation in the industry for quality and consistency
- Fully equipped manufacturing facility with all plant and equipment included in the sale price
- Capacity for growth
- Skilled and experienced team of staff will transition to the new owner
- Very high profit margins
- Current owners have no background in cake/ pastry making
A full Information Memorandum, including financials, will be provided only after the completion of a Confidentiality Agreement.
Contact Cameron Ryan of bbroker on 0411 145 114 for a confidential discussion about this business or register your interest by clicking on the 'Contact Agent' link on this advertisement and completing your details. Please quote reference BR1365.
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