2/48 Skyring Terrace

Newstead QLD 4006




    • Franchise No
Phone enquiries - please quote property ID 24140

Pantry 360 – The Regional Grocer, is a boutique retail food outlet, cafe and catering business situated in Newstead, Brisbane. Pantry 360 is a truly unique business, in that it only sources, serves and sells products and produce from within a 360km radius of Brisbane. As well as a physical shop front in Newstead, Pantry 360 also sells online.

A unique feature of Pantry 360 is the ability to sell wine from 2 premier Queensland wineries via a "Satellite Cellar door" licence. This arrangement allows for the take away sale and service of wine on a commission basis.

Pantry 360 is located, at the base of UNISON Waterfront Apartments, in the heart of Newstead. In the past 3 years Newstead has undergone significant development with more residential and commercial developments currently under construction. Within 100m of Pantry 360 there are at least 6 major development sites either under construction or soon to commence work.

Pantry 360 is a ‘start up’ business and has been operating for over 3 years. In most part it is run by the 2 owners with a further 2 long term casual staff members assisting during the peak periods. As a ‘start up’ business. much of the costs and any operating issues have been incurred and resolved in the first three years of operations and would not be reasonably incurred again, making this a ‘walk in’ business opportunity.

Pre COVID-19, Pantry 360 housed a 40-seat cafe which offered breakfast and lunch service Monday – Saturday and take away service only on Sunday. Pantry 360 also offered an a la carte dinner service on Friday evenings. Since COVID-19 restrictions, Pantry 360 has introduced home delivery of groceries, take home meals and room service for UNISON residents. These additional service offerings have been successful, and Pantry 360 has achieved significant growth, throughout these turbulent times.

Pantry 360 has a loyalty program of over 500 members, of which a number are daily visitors. There is a strong Instagram & Facebook following, in addition to the loyalty program customer database, which is used to market directly to customers.

Pantry 360 is a solid business with systems and processes in place including POS, accounting, marketing, food safety, pest management, customer management and supplier relationships have been developed and maintained. Pantry 360 is currently achieving a positive net profit each month and this trend is continuing despite COVID-19 restrictions.

Pantry 360 is halfway through a 7 year lease, of which all of the conditions of the lease have been met, including all necessary maintenance and a renovation.

Included in the sale is all fixtures and fittings including a 32K OAM exhaust system, 26K worth of joinery and over 25K worth of fridges , freezers and coffee machine and grinders.

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