For Sale: $950,000
This Sydney based wholesaler supplies the highest quality range of sourdough bread to major retailers.
Previously servicing some of the greatest hospitality venues in Sydney (still on the extensive database), the business made a strategic decision in 2018FY to change their primary focus to supplying supermarkets; which has shown a 24% increase in revenue after year one and another 20% increase in revenue after year two, with even greater projections for the 2021FY as additional locations are imminent / in the pipeline.
There is a fully experienced and dedicated team of industry professionals in place, three vans, and a long lease in a prime location within the Metro area.
The premises is fully equipped and currently running at only 70% capacity with the current setup. With further expansion by introducing additional plant and equipment to the current location, the production capabilities can manage an additional 100%.
This is a perfect opportunity for an industry professional, an existing operation to bolt on to their current product range or anyone looking to get their foot in the door with the majors.
Cost of Goods $508,026
Wages incl Super $446,003
Net Profit (EBITDA) $290,557
*Figures are as at 30 June 2020FY
Strong growth year on year
Net profit is over 18% after a manager's wage
Business is ready to scale with additional sites in the pipeline
Includes high-end delivery vehicles and all plant & equipment
Long lease with reasonable terms and prime location in Sydney
Lease: Ends in October 2029 (2+7)
Annual Rent: $135,636
Annual Increases: 4%
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The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained on this business