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Brisbane Logan City Area. Turnover $1.04M per annum (ex GST). Net to 1 owner $269K per annum (approx). Good lease, 5 years & 9 months, commencing June 2016. Good rent deal. Established during 1999. The premises are located in a high profile position in a busy medium sized shopping centre. Near new fit out.
The business is essentially a specialty bread retailer. It operates on the usual simple, yet wholesome, menu, which includes: breads all made from the traditional scratch method of baking; hot sausage rolls; pies; bruffins; freshly made twists; foccacias; scrolls; muffins; cup cakes; slices and scones. There are also delicious baguettes and filled rolls, as well as savoury products, fresh coffee and icy cold drinks. Simple to run with the franchisor taking care of marketing, new product development etc.
Nearby businesses, within the centre, include: Woolworths, Coles, BWS, a medical practice, Liquorland, Australia Post, Homestead Markets, Nextra, a gym, various restaurants and a dental clinic.
The history of the Brumby’s Bakery franchise group dates back to 1975, when the first store opened in the Victorian suburb of Ashburton. The group now boasts approximately 300 stores throughout Australia and New Zealand. It is a wholly owned subsidiary of Retail Food Group (Australia), which manages under license, the Donut King, Crust Pizza, Gloria Jeans Coffees, Brumby’s Bakery & Michel’s Patisserie brands.
Asking $290,000 + SAV.
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