Albury, New South Wales 2640

This is Frankies, Albury (Artisan Pastries, Coffee, Burgers)

For Sale | $140,000 + SAV

Bakery Cafe/Coffee Shop Food/Beverage

Frankies is a small, neighbourhood milk bar and burger shop serving fantastic coffee, artisan pastries made from scratch, burgers, cakes, and sandwiches.

Simple and easy to run business that is currently operating 5 days per week (Wed to Sat 7am-3pm, Sun 8am-3pm, Mon & Tue Closed).

As a standalone building, including a two bedroom residence, on a busy thoroughfare in/out of Albury, the business and location has the scope to become anything you want it to be!

Frankies has a loyal and hugely devoted customer base resulting in very strong annual turnover ($680,000+ in 2020/21). This is a rare opportunity to own such a unique offering in a prime location.

Capitalising on the push towards a more relaxed lifestyle, this is a fantastic opportunity for someone to take on an easy-to-operate, established food business in the regional location of Albury Wodonga on the Victoria/ New South Wales border.

SNAPSHOT
- Annual sales in excess of $680,000 (detailed P&L Statements included in Information Memorandum)
- Coffee Sales: 40kg per week
- Seating available for approx 16 patrons inside and 20 outside (majority of products sold as takeaway rather than dine-in)
- Excellent team of 9 staff (3 x full-time, 6 x casuals) plus two owners, very efficient and profitable operation
- Attracts daily regulars, drop-ins, tourists and destination eaters
- Strong potential to increase weekly takings by extending trading hours to include evening trade
- Active and engaged social media audience: Instagram (3.5k followers), Facebook (2.5k followers)
- Business is well presented with all Plant & Equipment in good working order and included in sale price. Attached two bedroom residence is basic but liveable.

LEASE
- Commenced 3 October 2018 for five (5) years
- Two (2) further options to renew for five (5) years each
- Additional two bedroom residence included in lease
- Current monthly rental $2,824 incl GST

STRENGTHS/ BENEFITS
- Unique, standalone building. No direct competition.
- Superb location and street frontage with high volume of passing vehicular traffic
- Very competitive lease
- Perfect opportunity for anyone looking for a regional food business

For more information please contact Cameron Ryan from bbroker:
Phone: 0411 145 114
Email: cameron@bbroker.com.au

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Overview

This Bakery Business is one of 25 businesses for sale in Canberra, New South Wales, and one of 13 Bakery Businesses in this region that a business for sale currently has on offer. This Bakery Business is for sale in Canberra for the asking price of $140,000 + SAV and has been on market for less than 3 months.