Brilliant business with multiple income streams - the business is a retailer of baking and decorating supplies, offers custom-made cakes, and classes, and has a cafe.
This business stocks a large range of kitchen accessories, utensils, and consumables for cake baking and decorating. Customers are professional bakers and chefs as well as home bakers. This store has something for everyone.
The business also offers custom-made cakes, cupcakes, cookies and treats for all occasions as well as runs classes for adults and children, and hosts parties for children. It is a one-stop cake-baking and decorating shop, where customers can also get advice on cake decorating.
All this plus a cafe on the premises serving freshly baked goods.
Established almost 50 years, this is a well-known store with a solid reputation and a large loyal client base.
There is also a fantastic website that allows for online shopping and browsing and resources for home bakers.
Recently renovated and updated, the business occupies large premises which is equipped with a 1 million dollar commercial kitchen set up, with all major equipment that is under 6 years old (mixers, fridges, freezers, a grease trap, ovens). There is ample room for storage and a classroom/party room able to accommodate 30-40 people.
This business is turning over an average of approximately $650,000 per year with rent of $4,400 per month including GST. There is a secure lease of 5x5 which commenced in September 2017.
The beauty of this business is that it has so many potential revenue streams, that the new purchaser could be anything from an inexperienced first-time buyer or Visa Buyer to an experienced investor looking to expand their commercial bakehouse empire even further. It will literally suit anyone that recognises the business has what it takes to sustain any market and economy and earn an excellent income.
For more information and to organise an inspection contact Elle Likopoulos on 03 9566 7300.