Periodically I come across businesses for sale in Australia. I list them on my website as a service and receive no remuneration for this. My listing a business on my website in no way constitutes an endorsement. The normal caution and discretion should be taken when assessing the viability of a business.
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Asking Price $750,000
Gross Revenue $580,000
Cash Flow Confidential
FF&E $500,000*
Inventory $8,000
Real Estate Confidential
Year Established 2000
Employees 2 full, 8 part
Franchise No
Relocatable No
Home-based No
Established July 2000 by husband & wife team Michael & Margie Prinz in Attadale a luxury riverside suburb 18km from Perth CBD. Prinz of Vienna has a highly reputable product range and is now a well recognized brand in Perth.
In 2002 & 2003 Prinz of Vienna was awarded a number of prizes at Perth’s premier exhibition event, The Royal Show, where they took out several best individual categories, but also best Patisserie Exhibit and overall Patisserie Winner.
In October 2006 and 2007, Prinz of Vienna was featured in the West Australian newspaper as ONE of the TOP5 Patisserie and ONE of the TOP 5 Bakeries in Wester Australia!
Prinz of Vienna offers high quality breads, pastry products & cakes based on traditional Austrian/European production techniques set in a classy European cafe environment. The operation is fully systematized and requires only limited input from the owners. The business systems have been set up with possible future multi store operation in mind.
In July 2009 the operation moved to a new large premises which included a complete refit of both retail cafe as well as production at a cost of 450.000 AUD.
Current TA is $660.000 AUD (avg AUD $12.500/week) split 60% retail and 40% wholesale.
Prinz of Vienna presently supplies a number of independent supermarkets with it’s unique range of cakes & pastries as well as cafes and restaurants.
Annual Rent AUD 35000 (12 year lease)
Labor Cost: 30.5% (currently 2 full time staff & 8 casual)
Estimated NET Profit for 09/10 is AUD 180.000
Prinz of Vienna has several expansion opportunities:
1. Only trading 5 days
2. Wholesale operation is at present not actively promoted by owners
3. Additional outdoor seating areas with seating for 50 seats
4. Facilities to expand the bakery/cafe operation to a full day & night time restaurant with liquor license (optional) .
Facilities: 12 year lease, 145 sqm, present seating for 35+ expandable to 90+,
Training/Support: owner will be staying on to train the new operators for as long as it takes 12 months FREE marketing support
Sale Reason: Our 3 children are growing up fast and we simply need to spend more time with them
