Lucrative And Well Presented Leasehold Bakery & Takeaway In Yeovil | | Yeovil Somerset | | Phoenix Business Agents are delighted to place onto the market this lucrative and well presented bakery & takeaway which has been established since November 2010. The business has been in the hands of the current owner since November 2010. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68830
ADVERT IMPRESSIONS : 7,481 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Bakers | | SALE: | Agent Sale | ASKING PRICE: | £79,950 | LEASEHOLD: | £79,950 | ANNUAL RENT: | £14500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the Town Centre area of Yeovil in Somerset.
- Part of a shopping centre.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of pedestrian flow.
- Commercially thriving area.
- Well linked with the A30, A37, A3088 and A303.
- Taunton, Crewkerne and Shafesbury all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
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 £150,000 pa with a net profit of £50,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a Carvery with a range of delicious roast meat options, freshly baked savories, cakes, pastries. baked potatoes, filled baguettes, grilled Panini’s, hot and cold drinks.
History
Phoenix Business Transfer Agents are delighted to place onto the market this lucrative and well presented bakery & takeaway which has been established since November 2010. The business has been in the hands of the current owner since November 2010 and she now wishes to sell due to other business interests.
Services
This very good business opportunity provides a Carvery with a range of delicious roast meat options, freshly baked savories, cakes, pastries. baked potatoes, filled baguettes, grilled Panini’s, hot and cold drinks.
Staffing
The concern employs 3 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
As far as competition is concerned there are other similar businesses within the town centre area but none offering the Carvery and roast take away service or products.
Market
The client base consists of town centre shoppers, retail and office workers.
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 later afternoons and Sunday trading.
• Increasing the services to include outside catering, buffets and sandwich deliveries.
• 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 terraced and part of a shopping centre, the customer facing area is approximately 300 sq ft. The front is branded with an attractive glass front. The main customer service area is non-slip vinyl. It is very well presented and is very conveniently laid out.
The takeaway has 9 covers outside and 3 inside. The customer service point is to the right. There is an overhead menu.
To the rear is a good size and fully equipped preparation area. There is a toilet, staff facilities and a fully fitted kitchen.
First Floor
On the first floor there are staff toilets, staff room and an office.
Second Floor
On the second floor there are two more store rooms and another W/C.
External
To the rear is free parking for 2 vehicles and a delivery and service area.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £30,000.
Financial Details
The present annual turnover is £156,000 with a gross profit of 50% and a net profit of £50,000.The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £180,000 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: 9.00am – 3.00pm
Sunday: Closed
Tenure
The original length of the lease was 10 years with 9 years remaining. The rent is £14,500 pa with a review in 2015. The lease may be renewable or negotiable for longer term if required. The rates are £3,600.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £79,950 (Price Reduced)
Ref: 2362
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: | 2362 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
