Profitable Leasehold Wholesale Bakers In Norfolk Price Reduced | | Great Yarmouth Norfolk | | Phoenix Business Agents are delighted to place onto the market this Profitable Wholesale Bakers which has been established since 2004. The business has been in the hands of the current owner since 2004 and they now wish to sell due to other bus | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63700
ADVERT IMPRESSIONS : 9,662 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Bakers | | SALE: | Agent Sale | ASKING PRICE: | £149,000 | LEASEHOLD: | £149,000 | ANNUAL RENT: | £7,380 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the Martham area near Great Yarmouth in Norfolk.
- Prominent location on main arterial road.
- Part of a small industrial estate.
- Excellent free parking facilities.
- Surrounded by a well populated residential area with schools and other local amenities.
- High levels of passing trade.
- A commercially thriving area.
- Well linked with the A149 and A47.
- Great Yarmouth, Norwich and the Norfolk Broads all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £150,000 pa with a net profit of £19,200. (See financial summary below).
- A business with great potential which has not been exploited because of a lack of marketing and advertising to drive the business forward.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for an existing Bakers wishing to add a wholesale operation to their portfolio.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides bread, rolls and a small range of savory pastries delivered to a wide range of local businesses within a 20 mile radius.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Profitable Wholesale Bakers which has been established since 2004. The business has been in the hands of the current owner since 2004 and they now wish to sell due to other business interests.
Services
This very good business opportunity provides bread, rolls and a small range of savory pastries delivered to a wide range of local businesses within a 20 mile radius.
Staffing
The concern employs one full-time and one part-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of a wide range of retail stores, cafes, restaurants and holiday camps within a 20 mile radius.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Saturday trading.
• The business would greatly benefit from having a retail outlet at a separate location.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is detached and is part of a small industrial estate and is approximately 1,500 sq ft. It is very well presented and is very conveniently laid out.
To the rear are various preparation areas and an office. There are a toilet and staff facilities and a fully equipped kitchen.
External
To the front there is a spacious free parking area for up to 6 vehicles.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £50,000.
Financial Details
The present annual turnover is £156,000 with a gross profit of 80% and a net profit of £19,200. The wages are £500 pw. The present value of the stock is £2,500.
The potential turnover of the business within the next 2 years is forecast to reach £250,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Friday: 6am to 6pm
Saturday and Sunday: Closed
Tenure
The original length of the lease was 6 years with 1 year remaining. The rent is £7,380 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required. The rates are £500 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £176,000
Ref: 2158
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 2158 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
