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GLEBE, NSW
Established Bakery Franchise for Sale | Broadway Shopping Centre
Established Bakery Franchise for Sale | Broadway Shopping Centre
Glebe, NSW, 2037
Franchise · Bakery
$888,000
An established bakery franchise in Broadway Shopping Centre, Glebe, offering approximately 87.6 sqm of fitted premises, an experienced team and established operating systems. The location serves local residents, students, office workers and shoppers, with takeaway and grab-and-go trade.The business offers an opportunity for a hands-on owner-operator or an experienced hospitality operator to acquire an existing operation. Financial information is available to qualified buyers after signing a confidentiality agreement.Key featuresEstablished bakery franchise in Broadway Shopping Centre, GlebeApproximately 87.6 sqm of fitted premisesCentre with over 120 specialty stores and approximately 1,665 customer parking spacesSupermarkets, fashion retailers, cinema and international brands within the centreExclusive permitted bakery use within the agreed lease termsEquipped bakery fit-out, experienced staff and established operating proceduresAsking price$888,000Lease and occupancy costsLease until November 2028. Annual rent increases of 4%. Turnover rent applies at 8% of gross sales less base rent.Annual base rent approximately $185,783 + GST. Estimated annual outgoings approximately $28,772 including GST. Marketing contribution approximately 5% of annual rent.Franchise and operational informationFranchise royalty: 6% of gross revenue. Marketing levy: 1% of gross revenue. Established franchise and POS systems, operational support, training and supplier/product support. Exclusive operating territory arrangements are subject to the franchise agreement.PotentialPotential to develop online ordering, delivery, catering and corporate orders, supported by local marketing and social media. An experienced operator may also review staffing and operating efficiencies. Opportunities are subject to franchise and lease requirements; outcomes are not guaranteed.Trading hoursMondayWednesday: 10:00am7:00pmThursday: 10:00am9:00pmFriday: 10:00am7:00pmSaturday: 9:00am6:00pmSunday and public holidays: 10:00am6:00pmReason for saleThe owner is pursuing other business interests.EnquiriesFor further information, a confidentiality agreement or an inspection, contact Jeffrey Lei on 0405 888 800 or Jeffrey@annd.au.DisclaimerThe information contained herein has been provided by the vendor and sources believed to be reliable. However, no guarantee or warranty is given as to its accuracy or completeness. Interested parties should conduct their own independent enquiries and due diligence.
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