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 features
Established bakery franchise in Broadway Shopping Centre, Glebe
Approximately 87.6 sqm of fitted premises
Centre with over 120 specialty stores and approximately 1,665 customer parking spaces
Supermarkets, fashion retailers, cinema and international brands within the centre
Exclusive permitted bakery use within the agreed lease terms
Equipped bakery fit-out, experienced staff and established operating procedures
Asking price
$888,000
Lease and occupancy costs
Lease 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 information
Franchise 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.
Potential
Potential 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 hours
Monday–Wednesday: 10:00am–7:00pm
Thursday: 10:00am–9:00pm
Friday: 10:00am–7:00pm
Saturday: 9:00am–6:00pm
Sunday and public holidays: 10:00am–6:00pm
Reason for sale
The owner is pursuing other business interests.
Enquiries
For further information, a confidentiality agreement or an inspection, contact Jeffrey Lei on [Phone Number Censored] or [Email Censored]
Disclaimer
The 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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