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King's Cakes
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King's Cakes

$550,000 WIWO
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About this opportunity

Kings Cakes is a well-known bakery in Townsville that also create beautiful cakes for all occasions at an affordable price. Established in 1969, this bakery has developed a range of pies, sausage rolls and sweets to satisfy any hungry customer. With a shopfront on Mooney St and a ripe market for wholesale customers, this store has a vast customer base in the Townsville region. This business presents a rare opportunity for a new owner to take over a bakery that has been established for over 55 years and take it into its next era.

Business Story

Kings Cakes has been around since 1969 and has built an excellent reputation for creating affordable, high-quality cakes, pies, sausage rolls and a wide range of sweet and savory treats. With such a wide range of products, this well-established bakery caters to locals, workers, and wholesale clients. It has a stellar 4.6-star rating on Google, which stands as a testament to its commitment to quality. Not only does it have a solid foundation that keeps customers coming back for more, but it also holds a significant presence in the community, making this an exciting opportunity for a new owner.

Nestled in the heart of Townsville, Kings Cakes has a prime location at its Mooney St shopfront. This suburban area gives the bakery high visibility for a continual workflow and has easy accessibility for customers seeking freshly baked goods. This location makes this store an easy and convenient option for many customers in the Townsville region.

Kings Cakes has many growth opportunities that can be implemented to further its success. The store is currently fitted with a pie machine with the capacity to produce 2000 pies per hour accompanied with 2 ROTEL ovens to bake the pies in a timely manner, using this to its full potential will create more supply for the demand from local and wholesale customers. There is also potential in additional products and services, such as introducing various bread varieties, implementing a drive-thru window service, offering coffee, pre-made sandwiches, and meeting the growing demand for gluten-free and vegan options in birthday cakes. These strategic initiatives in combination with extended opening hours will position this bakery for growth and success in the bakery industry.

After the business becomes yours, the current owners will gladly give you a generous period of tuition to ensure you are accustomed to running the business when the time comes. The tuition will run you through everything you need to know behind the scenes and allow the business to run optimally for your takeover.

The current owners of the business are retiring and have this business primed and ready for a new owner. If you're interested in owning a thriving business in a sought-after location, this is the opportunity for you. Contact us today to learn more!

Why should you consider this opportunity?
  • Well established (55 years)
  • Offering fresh pies, pasties, sausage rolls, and sweet treats
  • Excellent reputation (4.6 stars on Google)
  • Many lunch options to appeal to workers close by
  • Wholesale opportunities
  • Incredible birthday cake demand averaging between 50-100 per week
  • Plenty of existing clientele
  • Busy suburban location
  • Continual workflow
  • Continued yearly growth
  • Well known in the local community
  • Well-presented business
  • Great online presence with 3400 Facebook followers
  • Extremely profitable business
  • Easily run
  • Simple business model
  • Trades 6 days a week
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Denny Leet
Denny Leet Principal | Senior Broker | Licensee 0409 639 366 View Profile
Phil Dodds
Phil Dodds Business Broker | Licensed Agent 0428 674 486 View Profile
David Muir
David Muir Network Connector 0450045373 View Profile
Arley Leet
Arley Leet Business Broker | Licensed Agent 0409 639 366 View Profile