BUNDABERG SOUTH 4670
Food/Hospitality for sale
Business for Sale: - Highly Profitable Food Retailer & Wholesaler (Potential Franchising Opportunity)
The Chics Pies business is an iconic brand that started in 1959, when Cliff (Chic) Ford bought the ingredients to bake his first pie in Bundaberg. Only two further owners have been involved since then, with the Limpus family as current owners, having run the operation since 1988.
The business today is a market leader, consisting of a (leasehold) wholesale manufacturing centre at Goodwin Street, Bundaberg and a (leasehold) retail bakery in Elliott Heads Road, with no direct competition.
Food production consists of pies, pasties, sausage rolls, pastry goods, bread products and cakes, primarily distributed in Bundaberg and outer regional centres. However, the area of trade could be substantially expanded to include major locations from Hervey Bay to Gladstone, without placing any significant load on the current manufacturing plant.
The business also presents as a potential franchising opportunity, with a well established brand, successful retail outlet and manufacturing capacity capable of achieving a substantial increase in current production.
The Business is for sale for Best Offer Over $1,650,000, inclusive of all business assets and fixtures, including stock. This represents a working owners R.O.I. of around 30%.
For further information, please contact Warwick Peters at R&W Caboolture Commercial.
- Business Category: Food/Hospitality
- Business Sub Category: Retailer
- Floor Area: 339 sqm
- Land Area: 1012 sqm