King's Cakes
About this opportunity
For 55 years, Kings Cakes has been the go-to bakery in Townsville. Maintaining such a stellar reputation over this long period is no small feat. Their sought-after range of freshly baked goods includes delicious pies, and sausage rolls that satisfy even the hungriest customers. Additionally, they create stunning cakes for all occasions, making Kings Cakes a true destination for dessert lovers.
An opportunity like this doesn’t come around often. After many years in the industry, Kings Cakes is now on the market as the owners prepare for retirement. As expected from a business of this size, it is well-established with a dedicated staff. The owner-operators have scaled back their hours, and with the addition of another baker or pastry chef, the business can be effectively managed by others, offering a potential passive income stream.
Business Story
Kings Cakes has built a loyal following over the years by creating affordable, high-quality cakes, pies, sausage rolls, and a diverse range of sweet and savory treats. This well-established bakery caters to locals, workers, and wholesale clients alike. With an impressive 4.6-star rating on Google, it demonstrates a strong commitment to quality. Beyond its solid foundation that keeps customers returning, Kings Cakes 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!
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Denny brings a distinguished career spanning corporate management, national and international FMCG organisations, and hands on ownership of multiple small businesses. His background includes extensive experience in operational management, sales and marketing leadership, franchise management, and the successful ownership and operation of motels, courier services, and supermarket businesses.
Recognising a gap in the market for a communicator with deep operational insight and genuine commercial understanding, Denny established his business broking practice in 2007. Drawing on decades of combined corporate and small business experience, he has elevated the standard of business brokering through the creation of the Business Sales Group—comprising of NQ Business Sales, CQ Business Sales, FNQ Business Sales and SEQ Business Sales.
Today, the Business Sales Group operates as a highly automated, technology driven organisation, delivering exceptional reach, rapid response times, and a consistently professional product. This modern platform has set new benchmarks in efficiency, presentation, and buyer engagement.
Denny’s focus remains unwavering: to support both sellers and buyers throughout the transaction process and deliver outcomes that are fair, transparent, and commercially sound. He continues to grow the business footprint while embracing the latest technologies to ensure clients receive a premium, high quality service.
Phil started his working career in purchasing with large and multi-national companies in Sydney.
A family relocation to Bowen in 1974 was the catalyst to owning his own business.
Phil has been in various businesses from Pest Control to Delicatessen/Takeaway and has for the last 39 years built a wholesale business that has served Bowen, Whitsundays, Mackay and the Coalfields, from 1 truck and himself to 6 trucks and 15 employees.
This has given Phil a very solid knowledge of the area from Bowen to Rockhampton and what it takes to thrive in business there.
Phil has a strong knowledge of business and business practices built through the process of growing his own business as well as time spent on State Franchise Council and dealing with the many changing government policies in those 39 years.
The process of selling his own business has shown Phil the real need for a locally based business broker, easily contacted and heavily focused on the Central Queensland area, which has led to his involvement in CQ Business Brokers.