Four-day a week bakery makes $500,000 in profits.

Business Details

Located in the tightly held Fyshwick Markets (Canberra, ACT), the Crust Bakery is a rare find. 
 
Here are some of the key features and benefits that should compel you to enquire and then own:
 
• Profits exceeded $500,000, and sales surpassed $2,250,000 for the 2020-2021 year. 
 
• The business only trades four days a week between Thursday through Sunday, 7.30 am and 5.30 pm, allowing for the rare work-life balance so many business owners and their staff seek. 
 
• The lease is long and secure, and total occupancy costs are approximately $125,000 per annum or about 5% of turnover. They are located in what is arguably Canberra's premium fresh-food precinct, The Fyshwick Markets, which claims to have 1,000,000 visitors per year.  
 
• Friendly and more social work hours means that it is easier to attract and retain key staff. There is a large contingent of well-trained staff that help the owners run the business. 
 
• It's non-franchise, and there is about $650,000 in plant and equipment offered, including vehicles - but fear there is no account customers and an 80%-20% split in card and cash payments. 
 
Expressions of interest are sought from secure financial buyers with a buyers guide of approx $1,000,000.  
 
Expressions close on 29/11/2021, with a settlement ideally at the end of 2021. Strong pre-offers in writing will be considered. 
 
We have prepared a detailed Business Information Package and have supporting documents. 
 
In the first instance, we ask that you email your full name, contact number and interest in owning to sales@capitalcommercial.com.au. Once you have been qualified and signed the deed of confidentiality, we send through all available information.
 
Meetings with the owner and broker are possible via the zoom platform because of the ongoing Covid restrictions, which have not ceased trade but limited physical inspections. 
 
Frank Walmsley Business Sales Advisor - 0400 446605

Financial Snapshot

Reporting Period 2021 Weekly Average 2020 Weekly Average 2019 Weekly Average
Sales $2,270,367.00 $43,660.90 $2,209,395.00$42,488.37 $2,007,999.00 $38,615.37
Gross Profit $1,547,224.00 $29,754.31 $1,644,503.00$31,625.06 $1,670,344.00 $32,122.00
PEBITDA $661,817.00 $12,727.25 $792,033.00$15,231.40 $416,888.00 $8,017.08
Rent $116,949.00 $2,249.02 $109,916.00$2,113.77 $104,130.00 $2,002.50
Owners Wages $286,800.00 $5,515.38 $291,200.00$5,600.00 $291,200.00 $5,600.00

Business Summary

Canberra, Australian Capital Territory
Bakery.
The premises are subleased. 
• Commencement Date: 1 January 2020 
• Termination Date: 31 December 2029 
• Term: 10 years 
• Further Terms: N/A 
• Bank guarantee: An amount equal to three (3) months’ annual rent plus GST, being $28,237.00 including GST as at the Commencement  Date 
• Annual rent: $112,948.00 per annum inclusive of GST 
• Monthly rent: $9,667.37 inclusive of GST 
• Outgoings: $72.64 per month inclusive of GST 
• Promotional levy: $580.05 per month inclusive of GST 
• Rent reviews (term): Fixed rent review – 3% 
• Default Rate (of interest): 12% per annum 
• Public liability insurance: $20 million 
• Total square meters: 151 SQM
1 Head Baker 4 Bakers 1 Baker/Pastrycook 1 Pastrycook 1 Barista 1 Sales Manager
Mon- Wed: Closed; Thurs- Sun : 7:00am - 5:30pm
Owner Operated

Enquire Now

Sales Summary

Sale Status : For Sale

Sale Method : Expression of Interest

Investment Amount : 1,000,000 Plus

Stock at Value : $35,000.00

Finance Options :

Frank Walmsley

0400 446 605

sales@capitalcommercial.com.au