Traditional Bakers & Confectioners
Two Retail Outlets +
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.
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.
Growth, Expansion and Key Opportunities:
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.
Support and Training:
Reason for Sale:
Looking for finance ?
|Leasehold Term:||The lease is renewed each 5 years,|
|Is this business relocatable:||No|
Cafes, Restaurants, Takeaways (Other), Bakeries
|Total Views:||Club Member only|
|Impressions:||Club Member only|
|Total Enquiries:||Club Member only|
|Last Viewed:||Club Member only|
|Last Updated:||Club Member only|
|Last Enquiry Made:||Club Member only|
|Advertising and Marketing:|
|Growth and Expansion:|
|Support and Training:|