Food, Beverage & Hospitality business for sale in Newcastle
- Food, Beverage & Hospitality
- Newcastle NSW 2300
- $1,200,000 + SAV
Own a traditional bakery and cafe
On offer is a historical gem in the Hunter Valley, this century-old establishment thrives on tradition in the café and restaurant scene. Specialising in a diverse array of baked goods and savoury delights, it caters to retail and wholesale markets with breakfast, takeaway and lunch menus. The revenue split is 40% from wholesale, supplying pies, sausage rolls and cakes to petrol stations and convenience stores. The remaining 60% is from retail.
Located strategically on a busy street, the business draws steady foot traffic, embracing a freehold operation. Powered by cost-efficient solar panels, it provides stability in its operations. The comprehensive sale package includes the freehold property, existing fit-out, kitchen equipment and well-established supplier relationships. Key strengths lie in its enduring legacy, niche market positioning and commendable financial track record.
The business has built a loyal customer base, particularly among the local elderly population, positioning itself as a hub for family gatherings. The business has a robust marketing strategy, capitalising on its historical significance and community ties. The business faces limited direct competition in the region, standing out.
Currently overseen remotely from QLD, the owner dedicates bi-weekly attention to strategic planning, purchasing and financial oversight. The operational team comprises a full-time manager handling day-to-day affairs and a group of part-time employees, including skilled cake decorators and pastry chefs.
Rooted in a rich legacy, the business has opportunities for expansion and development. Its strategic location attracts consistent local traffic, offering growth potential through targeted tourist-focused marketing initiatives. Exploring innovative product diversification and enhanced offerings could solidify its market presence. Leveraging its historical significance and community ties opens doors to a broader demographic, paving the way for sustained growth and increased profitability.
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This listing is being advertised by Direct Business Hub with all email enquiries being forwarded to the business seller who will then contact you!
*** Please note: We have used stock photos to protect the confidentiality and goodwill of the business. The pictures are indicative only.
Business Highlights
Business ID | 2019059827 |
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Floor Area | Ask Business Broker |
Category | |
Last updated | 6 Nov 2024 |
Business Highlights
Business ID | 2019059827 |
---|---|
Floor Area | Ask Business Broker |
Category | |
Last updated | 6 Nov 2024 |