$950,000 ARTISAN WHOLESALE BAKERY SUPPLYING TO MAJOR RETAILERS

For Sale: $950,000






Business Overview

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.



Financial Summary


Revenue $1,603,585

Cost of Goods $508,026

Rent $135,636

Expenses $146,713

Wages incl Super $446,003


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Net Profit (EBITDA) $290,557



*Figures are as at 30 June 2020FY



Features


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

HACCP Certified







Premises


Lease: Ends in October 2029 (2+7)

Annual Rent: $135,636

Annual Increases: 4%



Buying a business is easy with Vision





"We understand that as every business is different, so is every buyer. Ask your broker about the information that the Vendor will make available as part of due diligence, so you know what to expect at the beginning of the process "


Daniel Kogan

(e)  daniel@vbaaustralia.com.au

(m) 0401 620 918

(t)   (02) 8923 2632


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

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30 + years experience 

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(02) 8923 2632

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North Sydney, NSW 2060

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