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Luxury Bakery Business Opportunity

Petworth, West Sussex
Leasehold Price:
£69,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
237812
Reference
B04999 / Rightbiz

Details

Business
Hilton Smythe welcomes to the market Farretti Bakery (Petworth franchise), the brand originally established itself 14 years ago by our client who later streamlined the business model 8 years ago to include the Ciabatta based product only.

This original business is now been sold as the first franchise opportunity and includes 40 customers generating a turnover of around £72,000. Our client will concentrate on building the brand into other areas around the country.

Farretti is a small luxury bakery concept producing handmade, authentic, Italian slow fermented Ciabatta bread. Based on the original recipe of the late Dr Cavallari, our clients attention to detail and perfection for quality is now complete. She is now ready to handover the full operational Franchise to any new buyer which will include full training and support.

This franchise currently supplies around 40 customers within a 30-mile radius which includes farm shops, greengrocers, butchers, village shops, deli’s and cafes.

The bread is such a high quality that it concentrates on supply to retailers rather than cafes. Our client informs us most customers apply a 40% mark up on the cost price which starts at £2 for a plain ciabatta loaf to £2.50 for an olive ciabatta loaf.

The beauty of this franchise is its simplicity, our client chooses to only operate 3 days a week with small team for support and personally only spends 1-2 days on site to assist. Any new buyer could very easily increase current production levels by adding more customers or if they choose to reduce staffing costs carry out more hours on site or carrying out the weekly deliveries.

Current production plan -

Tuesday - Preparing dough for following day baking
Wednesday - Baking, cutting and packing day
Thursday - Delivery day

Our client runs the business to suit and identifies that many new opportunities are not been undertaken such as supplying food festivals, markets and events as well as approaching new grocery chains and restaurants concentrating on local, traceable suppliers.

The franchise running costs are very low and it is possible to generate an adjusted net profit in the region of 60%! The business benefits from 5-star reviews.

The opportunity would suit any individual looking to run a business where the passion and emotion for quality is the main focus. The support and training from our client will ensure any new franchise owner will be fully supported on their journey to success.

*Ongoing Franchise cost to be confirmed.

Location
Farretti Bakery enjoys an idyllic setting at Langham Stables in Lodsworth near Petworth in West Sussex.

The business sits comfortably with other ethical independent business including a microbrewery, raw energy food company and Ecology Co-Op.

Langham Stables is well positioned just off the A272, the main cross-country road linking Haywards Heath in the East to Petersfield to the West. The South Downs National Park is an area of national beauty which extends down to the South East coastline. There are many affluent and historic towns and villages, none so beautiful than nearby Petworth.

This part of Sussex attracts many new residents who have moved down from London, looking not just for period properties to live in but a choice of very good shops selling local produce.

Our client is offering this as a Franchise opportunity which will include a 30-mile exclusion area.

Premises
The beautiful bakery is housed in an old stable block with 3 x distinct areas -

1.Preparation area
2.Baking area and kitchen
3.Office / Storeroom

Equipment included -

•2 Ovens
•Small mixer with stand
•Big mixer wheeled
•1 Double rack
•2 Single rack
•Double rack cover
•1 Dough scale waterproof
•1 Scale trading approved
•Flour scale
•1 Urn steamer
•40 Perforated trays
•10 Closed aluminium trays for pizza
•50 Plastic crates
•Freezer
•PC and desk and 2 chairs
•Printer
•Oil radiators
•Temperature gun
•Temperature/humidity thermometer
•Hoover
•Dough cutting trays
•Wooden boards
•Clothes basket
•Flour sprinkling container
•Bakery stands
•Table for cutting dough and weighing
•Small table for cutting rolls
•Trays and tray stands
•Packing table

External -

Shared car park for both staff, delivery driver and customers which includes an outside sitting area or covered packing area in the summer months.

Tenure
We are advised the franchise is being sold as a Leasehold opportunity with a renewable 10-year lease with 2 years remaining paying just £4,140 per year.

The franchise benefits from full small business relief paying 0 rates.

Hours
Currently opening to suit our clients’ needs with Tuesday/Wednesday production cycle and Thursday delivery day.

Staff
Managed by our client 1-2 days with the help of 3 x part time production staff and 1 x part time delivery driver.

Financial Profile
The business will show a 2018/19 Turnover in the region of £72,000 with a fantastic adjusted net profit of £42,700.

Seller Details
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Listing Details
Leasehold Price: £69,950
Tenure: Leasehold
Sector: Bakery Businesses
Financials
Annual Turnover: £72,000
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