Thriving Bakery With Living Accommodation&two Retail Outlets | | Portsmouth Hampshire | | Phoenix Business Agents are delighted to place onto the market this thriving Bakery which has been established since 1970. The business has been in the hands of the current owner since 1990 and now wishes to sell due to retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65392
ADVERT IMPRESSIONS : 11,917 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Bakers | | SALE: | Agent Sale | ASKING PRICE: | £325000 | LEASEHOLD: | £325000 | ANNUAL RENT: | £30000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in busy areas of Gosport and Lee-On Solent near Portsmouth.
- Both outlets are in prominent location on main roads.
- Both are part of a parade of shops which are part of the main shopping centre.
- Both have excellent pay and free parking facilities nearby.
- Both have industrial estates nearby.
- Both are surrounded by densely populated residential area with schools and other local amenities.
- Both have very high levels of passing trade.
- Both have good volumes of traffic and pedestrian flow.
- And both are in a commercially thriving area.
- Well linked with the center of Portsmouth.
- Gosport, I.O.W and European Ferries all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for these types of areas.
- Affluent areas.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £465,000 pa with a gross profit of £122,424 (see financial summary below).
- A business with great potential to expand and develop.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a partnership or bakery group.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides full bakery products. At one unit, there is a seating area for light snacks.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving Bakery which has been established since 1970. The business has been in the hands of the current owner since 1990 and now wishes to sell due to retirement.
Services
This very good business opportunity provides two units. One of the units provides a fully equipped bakery and both have retail outlets. At one unit, there is a seating area for light snacks.
Staffing
The concern employs 25 staff and the wages are £191,451 pa.
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 locals and passing.
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 product line to include more take away items.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• Commercial contracts and to supply local hotels etc.
• Development of sandwich rounds to all the local industrial areas and commercial areas.
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 properties are both terraced. Both properties are branded with an attractive glass front. The main customer service areas are tiled. They are very well presented and are very conveniently laid out.
One of the units has been refurbished within the last 12 months.
There are store rooms to the rear. There are toilets and staff facilities in both units.
The Lee-on-Solent shop has a full bakery room. It has a very large standing unit that is used as a store room area.
The shop area is very well presented.
There is a seating area to the front of the shop for light snacks etc.
There is parking for 2 cars at the rear and a yard area.
The Gosport Shop has been refurbished over the last 12 months. There is a 3 bedroom flat with a separate entrance.
On the first floor of the Gosport shop there is 3 double bedrooms flat. There is a large sitting room, kitchen, bathroom and toilet. There is a back yard area.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £45,000.
Financial Details
The present annual turnover is £465,495 with a gross profit of £122,424. The wages are £191,451. The present value of the stock is £5000.
The potential turnover of the business within the next 2 years is forecast to reach £550,000 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 Saturday: 7.00am - 5.00pm
Monday to Saturday: 8.30am to 5.00pm
Sunday: Both shops closed.
Tenure
The original length of the lease was 15 years with 7 years remaining. The rent is £30,000pa. The lease may be renewable or negotiable for longer term if required. The rates are £11,000.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £325,000
Ref: 2226
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: | 2226 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
