This bakery and food manufacturing business has a number of blue chip customers that they have been supplying for many years.
Sales for last year were $2.7M and they are currently up 40% (July YTD) on the back of a 20% increase last year. This business is flying and it is doing all this without any marketing or sales people.
The business has good management structures in place looking after the day to day operations, meaning you can focus on growing the business. There are countless directions that you can take this business, however, the core business is growing at a pace. There are over 25 staff in the business including heads of departments, bakers and process workers who are the cogs in this efficient plant.
A new lease will be provided for this modernised 1,630m2 facility that the vendor has invested in. Located south of the bridge, this business is just a short drive from the motorway and offers great accessibility to its primary customers.
With depreciated fixed assets of $421,266 and stock of approximately $80,000 this food business offers a very good return on your investment, with a Cash Surplus/EBPIDT of $732,000 for the last financial year end.
Price $2,495,000 + estimated stock value $80,000