turner-butler

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Long Established Wholesale Bakery Business

Ref. AF180

Location : Northern Ireland

Asking Price : £45,000 stock at cost

Turnover : £375,000

Net Profit : Undeclared

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Asking Price: Offers Around £45K + stock at cost.

Leasehold

Asking Price Includes:

• Trading Name.
• Leasehold interest in premises.
• Fixtures & fittings.
• Equipment (fully equipped).
• Goodwill.
• Customer base/list.
• Stock at valuation.
• Trained staff.
• Recipe list.
• Potential to development.

Business Profile

With a long trading history, this successful business produces an extensive “home baked” sweet product range; from traybakes to coffee cakes. The business supplies multiple and individual outlets and has a strong repeat customer base.

Financial Profile:

The business is being offered for sale on a going concern basis with offers invited in the region of £45,000 for fixtures, fittings, equipment, goodwill, customer base/list and stock at valuation (circa. £15k).

Turnover in the region of £375K.

Advertising/Marketing/Sales:

The business does not currently benefit from a dedicated marketing or sales function and huge potential remains to be released by the development of same with potential for increased turnover & profitability.

Development of a user-friendly website would also be desirable.

Development Potential:

The business - although well-established – has huge potential for further development by; adding to current sweet range, developing bread range, increasing geographical coverage, development of website and creation of sales function (even part-time).

Premises:

Leasehold.

Spacious (circa. 10,000 ft² premises located in a centrally located business park.

Accommodation:

• Designated parking.
• Reception area/staff facilities.
• General office.
• Private office.
• Production area including stores for finished products and goods in/out with vehicular access.

Annual Rent: Circa. £12,500
Rates: Circa. £3000 P.A.
Currently holding over.
Relocatable.

Business hours:

Monday – Thursday: 6 a.m. – 3p.m.
Friday: 6 a.m. – 1 p.m.

Employees:

10 full time + owner.
1 management.
2 bakers.
5 production.
2 drivers.
1 administrative.

Hand-over Support:

Current owners are willing to provide training/familiarisation as reasonably mutually agreed.

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk