Traditional Bakers & Confectioners
Two Retail Outlets +
Location : South East
Asking Price : £100,000
Turnover : £1,100,000
Net Profit : Undeclared
Gross Profit : £724,000
EBITDA : £112,000
Net Asset : £130,000
Premises : Leasehold
Confidentially offered for sale
Current Turnover circa £1,100,000
Gross Profit circa £724,000
Adj EBITDA before drawings c£112,000
Net Assets circa £130,000
Full range of traditional breads, cakes and confectionery products
Fast Growing Wholesale Customer Base
Turnover and profits growing year on year
Reputation for reliability and service
Superb primary retail location
Excellent growth potential
All fixtures and fittings
Training and handover
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 £1,100,000, achieving a gross profit of £724,000 and an adjusted EBITDA before drawings of c£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.
The business is fully equipped with high quality equipment and the sale of the business also includes 1 sign written delivery van.
The business has strived to build and maintain long-term relationships with its customers that endure because they are based on mutual benefit. Providing high-quality service to all customers at all times. This business offers superb customer service with regular deliveries, reliability and a name for top quality products.
The company has earned an outstanding reputation for its honesty, service, reliability, excellent quality hot meals, snacks and beverages, ability to deliver within the locality, cost control and skilled, experienced staff.
The company uses an Industry Specific Software.
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
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.
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.
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.
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.
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.
The owner is responsible for the day-to-day management of the business, supported by 13 full time and 25 part time employees.
The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to new Owners.
This is a genuine retirement sale.
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