Our Ref: 24035

$495,000 PSAV

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BACKGROUND

 This highly successful business was originally established by the current owners in 2014. It is located in a very busy neighborhood shopping centre in a bustling suburb north of Perth CBD.  Since opening, trade has consistently grown year on year and the business has become well known for its unique selection of fresh French style pastries and bakery products. These products are not available from any other outlet in the area (or even adjoining suburbs). The business has the added benefit of access to a large car park which makes it convenient and easily accessible for its many customers.

Although there is some space inside and some tables outside for customers to sit and enjoy their purchase over a freshly brewed coffee more than 90%of purchases of pastries and coffee are for take away orders. Importantly because coffee sales are a natural complement for the French pastries and other bakery products the business enjoys a high level of very profitable coffee sales. This simplified model minimizes the need for staff at all levels and the management of the business generally. It is a key factor in the high net profits consistently generated by the business..

The strong and consistent growth of the business since it opened has been entirely due to word of mouth creating new customers and continually expanding the already substantial repeat client base. The owners have never undertaken any form of marketing and have never felt that any other form of promotion was necessary. Additionally the current owners have only ever focused on walk in customers. There is an excellent opportunity for a new owner/operator to take the business to the next level by actively marketing the business and by expanding the current offering to include off premise orders, catering for functions, parties and the like.

FEATURES

Key features of the business include:

  • Consistent growth in revenue and net profit year on year since opening
  • Impressive inventory of “as new” imported specialist equipment
  • Compact and efficient premises with attractive low rent
  • Trading 6 days and closing 3.00pm daily
  • Well trained competent staff to ensure a smooth transition and continuity of the business
  • Closed for 3 weeks over Christmas and school holiday period

 

Business Agent

Lance White
0413 734 177
(08) 9480 3277
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