$1,700,000 WIWO for the Business and $1,300,000 for the Freehold Property
About this opportunity
Phelan’s Pies Ayr is the foundational store for the Phelan’s Pies name, wholesaling to their distributors in Townsville under a contract while also operating a busy shopfront with lines going out the door. With plenty of interest from Mackay and Mount Isa to supply their famous pies, pasties and sausage rolls, this opportunity is ripe for a new owner to come in and take this already fantastic business model to the next level.
Why should you consider this opportunity?
- Well established (60 years)
- Offering iconic pies, pasties, and sausage rolls
- Wholesale opportunity with a contract in place
- Plenty of repeat clientele
- Well-known location
- Continual workflow
- Incredibly strong cash flow
- Continued yearly growth
- Well renowned in the local community
- Well-presented business
- Very profitable business
- Accountants’ figures
- Easily run
- Simple business model
- Trades 6 days a week
Phelan’s Pies run a shopfront that offers breakfast and lunchtime options to the Ayr locals and passers-by. In addition, they have established a wholesale venture in Townsville with a solid contract in place. Being around for over 60 years and starting from humble beginnings, their tried and tested business model earns them a considerable turnover, translating incredibly well into their profitability.
The business operates out of a shopfront with a fully equipped, purpose-built bakery on Graham Street in Ayr. This business has the potential to expand its operation due to the freehold property including both the house and the vacant fish and chip shop on either side of the shop. This location is well known in the local community, with the busy drive-thru and walk-in storefront operating at capacity during peak hours.
When the business becomes yours, the current owners will provide you with tuition to allow you to grow accustomed to the business. This tuition will run you through everything you need to know to keep the business in a great condition so that when it comes time for you to take over, the transition will be as smooth as silk.
Future growth opportunities lie in expanding the wholesale side of the business into Mackay, Mount Isa, and surrounding areas. With the extra available space coming with the freehold property, you will easily be able to accommodate the increased production load coming from expansion of the wholesale portion of the business.
The current owners of the business are reluctantly selling due to desire to retire and are looking for the right buyer to hand this wonderful opportunity to. If you are interested in this lucrative venture, give us a call today!