Freehold Bakery, Café and 4 Bedroom Home with Lake Views

Price: Price: $2,640,000 + Stock

Key Sale Highlights

EOFY2023 Revenue over $1,940,000
EOFY2023 Adjusted Net Profit after owners wage = $250,000 +
Allowing the business to pay rent at $70,000 (as additional income)
Included assets/valuation of $460,000
Freehold property includes both businesses and a 4 bedroom home with parking

Proudly listed by Shane Fox

Business Overview

This opportunity offers incredible value for foodies who want to enhance their property portfolio and also may want a family home on the same block as the business (which is completely detached). The business and property are located in Lake Macquarie 30 minutes south of Newcastle. The Foreshore Park and lake are directly across the road. What is for sale? A wholesale/retail bakery with office, amenities and an adjoining but separate café/kitchen with seating areas plus an amazing deck overlooking the lake. No expense has been spared with the fit out. There are several options here and several income streams. If you want a business with property here it is. The home is a bonus that you can use to live in, rent out or Air B&B for income. The business provides approximately $250,000 in adjusted net profit income to the owner plus rental income of $70,000 - $320,000 to himself for EOFY2023. The house is basically being used with no income. KEY FEATURES/ SALE HIGHLIGHTS INCLUDE: • EOFY2023 Revenue over $1,940,000 • EOFY2023 Adjusted Net Profit after owners wage = $250,000 + • Allowing the business to pay rent at $70,000 (as additional income) • Included assets/valuation of $460,000 • Freehold property includes both businesses and a 4 bedroom home with parking • Rent out the property as an air B & B and earn even more income. If you are interested in finding out more about this quality opportunity, please email the exclusive selling agents info@merchantbrokers.com.au or call the managing business broker Shane Fox on 0415 407 777.

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BACKGROUND

A. The undersigned is desirous of obtaining the Promising Information from the Prospected Business Owner.

B. The Prospected Business Owner will provide the Confidential Information to the undersigned on the terms of this deed.

C. The Prospected Business Owner has required the undersigned to execute this deed when the Prospected Business Owner will provide Confidential Information to the undersigned, prior to the Prospected Business Owner providing Confidential Information to the undersigned.

TERMS AND CONDITIONS

The undersigned agrees as follows:

That the Prospected Business Owner is the sole owner of such Information, and such rights, therein as are now owned or hereafter develop or are acquired by the Prospected Business Owner in connection with the Proposal Transaction and all Confidential Information derived to the undersigned.
That by receipt of such Information, by the undersigned from the Prospected Business Owner, the undersigned acquires no proprietary interest in the Information (and where the term "Information" is used in these conditions, it means the information not already in possession of the public).
That all such Information received by the undersigned from the Prospected Business Owner or from others who advise the Prospected Business Owner, both written and verbal, furnished to the undersigned by the Prospected Business Owner, is by its nature and is considered Confidential Information, and further will be provided in confidence and is to be held by the undersigned and used by the undersigned only at such time that the undersigned is considering the Proposed Transaction.

In the event that, unless the contract becomes effective, the Information is herein, confidential information, then all such Information and the terms of this Deed are subject to the confidentiality provisions of such contract, and

Will use the Information exclusively for the purpose of evaluating the Proposed Transaction, or if pertaining to the other party of the relationship of the Prospected Business Owner with the undersigned, only through the process of evaluating the Proposed Transaction or at present for the world doing contract1.
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