Freehold Exceptionally Well Established Bakery With Retail Shop | | Undisclosed West Midlands | | WEST MIDLANDS FREEHOLD EXCEPTIONALLY WELL ESTABLISHED BAKERY WITH RETAIL SHOP High visible location on busy main road 55/45%retail wholesale A/T: £235,700 GP: £103,600 NP: £89,300 Potential to expand F/H: £350,000 or L/H: £200,000 REF: 9789B | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 53752
ADVERT IMPRESSIONS : 15,111 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Bakers | | SALE: | Agent Sale | FREEHOLD: | £350000 | LEASEHOLD: | £200000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The retail shop and bakery has a high visibility location in a mixed retail/residential area of Birmingham. It is situated on a parade of complementary businesses on a busy main arterial road with high volumes of passing traffic.
Other nearby businesses include: a chip shop, hairdressers, convenience store, laundrette, café and a baguette bar, plus many more.
There is free on-street parking all around the area.
THE BUSINESS
Advent Business Sales is delighted to have been instructed to offer to the market this exceptionally well established bakers with attached retail shop.
The bakery which was family founded over 80 years ago has been owned by the present vendor for over 30 years and is only now being offered for sale as the vendor wishes to pursue an alternative unrelated business venture.
The business sells a wide variety of breads which can be sliced if required, many different cakes, savouries and hot and cold sandwiches.
Circa 55% of sales are retail via the shop with the other 45% to a variety of local wholesale customers who are all within a 4 to 5 mile radius of the shop.
The bakery is fully equipped for purpose and includes:
• 5 Deck – 15 tray electric oven
• Bread moulder
• 30 piece cob moulder
• Cresta bread mixer
• 20 quart Hobary mixer
• 50 quart Hobary mixer
• Coma 4 rack retarder/improver
• Pork pie machine
• Pie press
• Automatic pastry break
• Kerry auto creamer
• Deep fat fryer
• Walk in fridge
• 2 x chest freezers
• Stainless steel twin door fridge
• Microwave
• Bread slicer
• 6 ring gas burner with oven under
• Meat slicer
• 2 x glass cake display cabinets
• 2 x serve order counters
• Savoury hot display
• 2 x single door soft drink chillers
• Stainless steel large sink with single drainer
• Numerous stainless steel work tables
• Numerous storage racks
Net sales in the year to November 2009 were circa £235,700 with a gross profit of £103,600. Overheads are minimal resulting in excellent net profits.
We are advised that stock at cost is circa £3,000.
REF: 9789B
TRADING HOURS
Mon to Sat: 9.00am to 5.00pm
Sun: Closed
Bakery Hours
Mon to Fri: 6.00am to 3.00pm
Sat: 4.30am to 5.00pm
STAFF DETAILS
The business employs 6 full time staff including the vendor and his wife plus 1 part timer who only works 6 hours per week on a Saturday.
EXPANSION POTENTIAL
This is clearly already a very successful business, it does however, still offer excellent scope to increase both sales and profits by:
1. Opening on a Sunday
2. Advertising – the business carries out no advertising and does not have a website
3. Doing outside catering events for which there are many requests
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £235,714
Gross Profit: £103,664
Net Profit: £89,389
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES
The shop has a high visibility location on a main arterial road in a densely populated area of Birmingham, the retail shop and bakery are situated on the ground floor with a 1 bed apartment on the first floor, the briefly comprises of:
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9789B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
