Iconic Bakery – Canungra, Gold Coast Hinterland

Iconic Bakery – Canungra, Gold Coast Hinterland — Food & Beverage · Canungra · Asking $500,000 · Revenue $650,000 · EBPITD $359,000

Established bakery trading since 1985, the only bakery in Canungra Known locally for fresh pastries and a signature vanilla slice Long lease in place through to June 2029 Located in a growing area with several nearby residential developments

DealProspect/Listings/Food & Beverage

Iconic Bakery – Canungra, Gold Coast Hinterland

Bakery

ActiveFood & BeverageQueensland

Find funding for this deal →View original listing ↗

Asking price

$500,000

Disclosed · AUD

Revenue

$650,000

TTM

Earnings

$359,000

Implied multiple

1.4×

asking / earnings

Brief

Established bakery trading since 1985, the only bakery in Canungra
Known locally for fresh pastries and a signature vanilla slice
Long lease in place through to June 2029
Located in a growing area with several nearby residential developments

How it compares

Bakeries in Queensland · asking prices

86% above smaller bakeries here

Smaller bakeries here ask a median 0.41× revenue. On its $650,000 revenue, that points to about $269,000; reads like this are typically within 30%, so $188,000 to $350,000. It asks $500,000.

Asking price: $500,00043% above the median of $350,000
Revenue: $650,000median is $1,058,979
Revenue multiple: 0.77×0.38× across the market; 0.35× for bigger ones, 0.41× for smaller
Time listed: 130 daysno price change

Bakeries in Queensland

Bakeries for sale in Queensland (28) →

Listed

+1 in 30 days

Median asking

$350K

27 priced

Median revenue

$1.1M

12 disclose

Earnings multiple

1.3×

313 listings

Price drops

in 30 days

Asking price spread27 of 28 state a price

This listing · $500K

15%

30%

19%

Under $100K$1M–$2.5M

Australia 119 · Victoria 48 · New South Wales 26

Cafes 139 · Takeaways 108 · Automotive workshops 75 · Restaurants 75 · General retail businesses 59 · Manufacturing businesses 57

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