Food, Beverage & Hospitality business for sale in Narrandera
- Food, Beverage & Hospitality
- 108 East Street Narrandera NSW 2700
- Under Contract
Narrandera Bakery - Riverina NSW
Located in Riverina town of Narrandera NSW, The Narrandera bakery occupies an approximately 320 sqm premises broadly considered to be the heart of the Narrandera's CBD. Narrandera has a strong flow of passing traffic through the region with both the Newell and Sturt highways intersecting in the town.
About the Business
On offer is an extremely exciting opportunity, this Bakery/Cafe has been established for over 21 years & is extremely well renown within its community and NSW's Riverina Region.
The Bakery/Cafe has supported countless community events & has generated impressive online reviews with an average over 4.5 stars across multiple platforms. Financially, the bakery/cafe produces strong results yearly with the previous financial years resulting over $1.4M in total sales & producing a very healthy profit margin contributed by the exceptional margins (Rent at only 6.2%,COG's at 28.5%)*.
There is a huge untapped opportunity to expand the wholesale supply side of the business which has never been explored.
Wholesale revenue is a very portion of the business at present but represents a significant area of potential growth given the range of products the bakery can supply and particularly the demand for its range of house made pies & sausage rolls.
Owner experience and/or experience in operating/running a Bakery and/or a cafe will be useful & beneficial. Alternatively, the business can afford to employ staff with the required skills. The current owner has offered to work within the business for allocated time required to assist the new owner with the transition of management.
1 year remaining on the lease the landlord is willing to sign new 5x5 year lease with new business owner upon exchange of contracts.
FT x 4
Casuals (Adults) x6
Casuals (Junior) x6
Reason For Sale
With over 21 years of operation the owner has decided and is motivated to move on to the next adventure providing a fair & reasonable price can be achieved.
Operating for over 21 years, certain key decisions regarding location & expansion have resulted in a very successful & renowned history for this bakery/cafe.
Contact Andrew Pellow at QPL Commercial Real Estate on 0488 226 135 or email@example.com for inspections, Information memorandum & EOI form
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|Last updated||17 Sep 2019|
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