Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Traditional Bakers & Confectioners Two Retail Outlets Wholesale Business

LISTING DETAILS
Firms For Sale ID:
34778
Vendor reference:
AF121
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£100,000  
Turnover / revenue:
£1,100,000
Net profit / cashflow:
Undisclosed
Years established:
33
Trading hours:
The business is open Monday to Saturday from 7.00 am to 4.00 pm.
Number of employees:
38
Employees / staffing:
The owner recognises that the key to success for any business lies with the personnel, to this end the Company has a skilled workforce who feel that their contribution is appreciated and valued. The owner is responsible for the day to day management of the business, supported by 13 full time and 25 part time employees.

OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to new Owners.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Both retail outlets operate from excellent locations in the South East. The retail shops are located in established town centre high street premises, being in very busy and pleasant areas close to all amenities. The units are owned by the vendor and new leases will be granted to the purchaser on terms to be agreed. The property benefits from retail, bakery, confectionery and dispatch areas. The main bakery operates from Council owned leasehold premises. The lease is renewed each 5 years, subject to the usual conditions.
 
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BUSINESS DESCRIPTION
Traditional Bakers & Confectioners
Two Retail Outlets
Wholesale Business
Ref. AF121
Location : South East
Asking price: GBP 100,000
SELLING AT A DISCOUNT TO NET ASSETS WITH NIL PREMIUM
This is a well established family business that has been successfully trading since 1984 as a retail and wholesale bakery with two well located high street branches selling bread, confectionery and celebration/wedding cakes. This business uses traditional recipes and quality ingredients to produce a wide range of wholesome and delicious breads, cakes and confectionery products. The business trades as a traditional bakers and has built up an excellent reputation, which generates a high proportion of repeat custom. The bakery with a factory unit and two retail outlets is strategically placed within a specific catchment area.

This business is well known for their celebration and wedding cakes, made and decorated to order by their highly skilled and experienced bakers. This business provides wholesale deliveries to schools, colleges, pubs, retail shops, restaurants and cafes and has built a reputation for quality and value for money for their entire range.

The current annual turnover of the business is in the region of GBP 1,100,000, achieving a gross profit of GBP 724,000 and an adjusted EBITDA before drawings of cGBP 112,000. This business offers an excellent opportunity to purchase a traditional bakery, in an ideal location, with huge scope for future growth and who are the only wholesaler in this area. There is immense scope to increase turnover by offering an outside catering service and expanding the geographical area served.

Expansion Potential
This is very busy traditional bakers and confectioners with a superb reputation for their extensive range of fresh breads, confectionery and celebration cakes, (made on site). However they have the manufacturing capacity to double turnover by expanding into more surrounding geographical areas, which the owners have not done. Additionally more sales and marketing within the existing area served would undoubtedly produce a greater number of clients as well.

Market / Competition / Non-Competition Agreements
A high proportion of the business revenue is due to strong word of mouth recommendation it receives bearing testimony to the excellent reputation it has received throughout the industry.

The distinctive sign written van acts as a mobile visual means of advertising. The Company regards Customers as their best advertisers. The company does have a web presence which could be improved, however they do no additional advertising whatsoever.