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Food, Beverage & Hospitality business for sale in Narrandera

  • Food, Beverage & Hospitality
  • 108 East Street Narrandera NSW 2700
  • Under Contract

Narrandera Bakery - Riverina NSW

Location
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%)*.

Potential Growth
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.

Skills
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.

Lease/ Premises
1 year remaining on the lease the landlord is willing to sign new 5x5 year lease with new business owner upon exchange of contracts.

Employees
Owners x1
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.

History
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 andrew.pellow@qplrural.com.au for inspections, Information memorandum & EOI form

Business Highlights

Business ID2015652045
Floor Area300m²
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  17 Sep 2019
Map for 108 East Street Narrandera NSW 2700
Map for 108 East Street Narrandera NSW 2700108 East Street Narrandera NSW 2700
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QPL Rural
129-131 Hoskins Street Temora NSW 2666
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