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Mon, Aug 03 2020 10:02:53 AM  |  /

Traditional Bakers & Confectioners Two Retail Outlets + Wholesale Business

Business Id:000266     |    Reference: AF121
Leasehold Price:
£100,000.00
Business Description

Traditional Bakers & Confectioners
Two Retail Outlets + 
Wholesale Business
Ref. AF121
Location : South East
Asking price: £100,000
SELLING AT A DISCOUNT TO NET ASSETS WITH NIL PREMIUM

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.

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Financial Information:

The business is financially stable with no borrowings, low overheads, and positive cash flow, enjoys high gross profits and has shown consistent strong growth in profits. The aggregated turnover of the business is approximately £1,100,000, with gross profit circa £724,000, with net assets circa £130,000 including a sign written delivery van, assuming no cash and no debt. There will be a £ for £ adjustment to the final sale price to reflect any movement away from this target net asset figure in the final completion accounts.

A high proportion of the business’s revenue is due to strong word of mouth recommendation it receives bearing testimony to the excellent reputation it has received throughout the industry.

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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.

The business is open Monday to Saturday from 7.00 am to 4.00 pm.

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.

Support and Training:

Reason for Sale:

Looking for finance ?

finance@turnerbutler.co.uk

 
Business Information
Turnover:£1,100,000.00 Annually
Property Status:   Leasehold
Leasehold Term: The lease is renewed each 5 years,
Is this business relocatable: No
Business Sector: Cafes, Restaurants, Takeaways (Other), Bakeries
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