OPPORTUNITY
The sale of the business represents a rare opportunity to acquire an
established bakery business with 40 years of history. With a prime main street location and limited competition in the area, the business will provide a secure cash flow to a buyer. Reap the rewards by expanding the trading hours and building a cafe business, while at the same time enjoying an enviable country lifestyle. The vendor is motivated and will consider all reasonable offers.

LOCATION
The business is located in the business district of Monto, a country town in Central Queensland, approximately 200 km from the coastal cities of Bundaberg and Gladstone. The business enjoys a main street location in close proximity to a newsagency, hardware store and other retail businesses. The business has recently secured a lease with a 3 year term and 2 x 3 year options. The rent is very attractive and is only 2% of the current turnover.

OPERATIONAL
The business is open 5 1/2 days per week and provides a wide range of
bakery products including bread, pies and cakes, baked fresh on a daily basis, as well as coffee and sandwiches. The business operates with 2 bakery assistants and 2 retail assistants in addition to the 2 owner-operators (baker and administration / retail assistant roles).

BUSINESS ASSETS
The available business assets include a fully equipped bakery, shop
fit-out, delivery van, office equipment and the business name. A full list of items included will be provided to interested parties.

FINANCIAL DETAILS

Sales Revenue
$511,453 (2007/08 financial year)

Gross Profit
$333,517 (2007/08 financial year)

PEBIT
Approx $165,000 (2007/08 financial year)
(based on proprietor wages of approx $70,000)

Stock at value
$18,000 (approx)

GENERAL DETAILS

Years established
40 years
Period of current ownership: 17 years

Employees
4 employees
(excluding the 2 owners)

Trading hours
6:15am – 5:00pm Mon to Fri
6:15am – 12:00pm Sat

Premises
Main street locatioMain street location