Leasehold Large Industrial Bakery With Office And Storage Space | | Huddersfield West Yorkshire | | Phoenix Business Agents are delighted to place onto the market Nicholas Gateaux which has been established since1981. The business has been in the hands of the current owner since 1981 and he now wishes to sell due to spending more time with family. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68068
ADVERT IMPRESSIONS : 10,481 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Bakers | | SALE: | Agent Sale | ASKING PRICE: | £110000 | LEASEHOLD: | £110000 | ANNUAL RENT: | £5964 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in industrial area of Huddersfield.
- Prominent location on main arterial road
- Excellent free parking facilities nearby
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by well / densely populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic.
- Commercially thriving area.
Business Details
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £127,304 with a net profit of £18,003. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because .
- An easily run operation.
- Good loyal well trained staff.
- 99% of business is repeat business.
- A good first time buyers business.
- Provides manufacturing of fresh cream gateaux to pubs, restaurants and catering industries
History
Phoenix Business Transfer Agents are delighted to place onto the market Nicholas Gateaux which has been established since1981. The business has been in the hands of the current owner since 1981 and he now wishes to sell due to spending more time with family.
Services
This very good business opportunity provides manufacturing of fresh cream gateaux to pubs, restaurants and catering industries.
Staffing
The concern employs 7 part time staff (including driver) and the wages are £31,458.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in the local paper and internet.
Competition
There is no local competition.
Market
The client base consists of pubs, restaurants and coffee shops.
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.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Work more hands on.
• Take part in more catering fares / wedding fares.
• An enhanced websites.
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 situated in an industrial estate and is approximately 1603 sq ft.
To the rear of premises is a very large preparation and baking area.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £100,000.
Financial Details
The present turnover is £127,304 per annum with a gross profit of £78,215 and a net profit of £18,008. The wages are £31,458. The present value of the stock is £12,000.
The potential turnover of the business within the next 2 years is forecast to reach £230,000 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: 07.30am – 4.00pm
Saturday: 07.30am – 10.00am
Sunday: Closed
Tenure
The original length of the lease was 10 years with 3 years remaining. The rent is £5,964 pa with a review in 3years. The lease may be renewable or negotiable for longer term if required. The rates are £2,500.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £110,000
Ref: 2298
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: | 2298 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
