The Sweet Spot Bakery Vibrant Cafe and Bakery - Waterloo
**Summary:**
Located at Waterloo, The Sweet Spot Bakery is a bustling bakery cake and café renowned for its exceptional baked goods and strong social media connectivity. Positioned in a high-traffic area, it benefits from a loyal customer base and excellent visibility. Equipped with a fully operational kitchen and modern facilities, this business is primed for immediate takeover and continued prosperity under new ownership.
**Key Features:**
- State-of-the-art kitchen facilities including a commercial level 2 oven, grease trap, ventilation, and dual three-door freezers for optimal storage and display.
- Strategically located 69 sqm space complete with parking and additional 4 sqm storage space.
- Professional team comprising baristas and versatile staff, ensuring operational efficiency.
- Proven financial performance with annual sales of $910,000 and a gross margin of 70%.
**Potentials:**
- Enhance revenue through targeted marketing campaigns and expanding the product line.
- Leverage existing social media following and online platforms to boost online orders and deliveries.
- Explore additional revenue streams such as event catering and private bookings.
**Operation Hours:**
- open 7 days, 11am - 10pm
**Lease Details:**
- Annual basic rent of $82,980 including GST.
- Secure lease terms until March 2027 with an option to renew for an additional 5 years.
- Predictable overhead with a 3% annual rent increment.
**Key Financials:**
- Weekly revenue: $17,500
- Weekly Basic rent: Approx.$1,600 + gst
- Weekly Outgoings: Approx. $160 + gst
**Reason for Sale:**
- The current owner is pursuing other interests, offering a fantastic opportunity for a new entrepreneur to capitalize on the established success of this venture.
For further information or to inspect the business, please email the broker for an NDA form or contact Jeffrey Lei at 0405888800.
**Disclaimer:**
This advertisement is intended for general informational purposes only. Buyers are advised to conduct their own due diligence to verify all information provided.
