Hervey Bay’s Busiest Bakery
Locally owned & operated, Top of the Bay Bakery was established over 18 years ago, selling their award-winning pies and voted Fraser Coast’s Best Bakery for consecutive years. Situated in one of Hervey Bay’s Prime locations with a very high traffic exposure, it is within close proximity to Hervey Bay’s sporting facilities and schools.
The shopping complex has recently undergone a major overhaul, bringing a fresh new street appeal, more shops & parking and the potential of even more growth. As part of the renovation to the complex, we requested that the business be relocated to a bigger premises in the complex, allowing us to plan the fit-out of the bakery with automatic opening\closing doors, zoned ducted air conditioning, rear entry access, security cameras, a larger front of shop and its own restroom with storage lockers.
The front of shop has all new display cabinets and display shelving for breads, pies, cakes & pastries. Also installed is a semi-automatic coffee machine with plumbed water & waste. The rear of the shop has a 2.5m x 2.5m walk-in cold room with storage, stainless steel wet areas & composite cladded walls. The rear entry access is fitted with double security doors.
This long-standing Hervey Bay business has 18 staff in place, including bakers, & operates 7 days a week.
Turnover: $1.4million per annum on average.
Net profit: Over $300,000.
Growth potential: Last 6 months show an increase of well over 30%.
Lease: 7years then 5×5. Lease commenced 1 May 2020.
Full financials to December 2020 and a full list of plant & equipment are available on request.