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Very High End French Patisserie – London

Undisclosed, London
Leasehold Price:
Advert ID
08671-861261 / Rightbiz

FOR SALE – asking price £1,200,000

Imagine yourself as the owner of this unique company:
• Atelier based in Highbury
• Two boutique shops located in two prestigious areas of North London
• Supplier to Food Hall and cafes of one of the most exclusive West End department stores
• Great brand reputation
• Regular clientele and large customer base
• Award winning business
• Strong lease terms on each of the buildings 

This is a unique, well run and successful business. The company incorporates an Atelier and Bakery, two Boutiques and is a supplier to the Food Hall of one of the most prestigious department stores in the West End. 
The business has been successfully run for 17 years, in which it has built a very strong brand reputation and a large customer base. The patisserie was awarded best “Craft Business” by the Baking Industry Awards.
The leases have 8 years remaining in the Highbury Atelier and respectively 3 and 7 years in the two Boutique shops in North London. All lease agreements are within the Tenancy Act.
Revenue was over £1287k for 2018 with very high GP margins of c. 70%. Discretionary earnings were c. £258k with strong forecasts for 2019. 
The owners have decided to retire after years of successfully running their business.
Further information is available under a confidentiality agreement.

Executive Summary:
This is an outstanding and prestigious French patisserie, which during the years has been able to successfully bring the authentic taste of French delicacies to London. 
Starting 17 years ago in North London, where the first colourful boutique shop was opened, the company tried to evoke from day one the feel of the classic Parisian patisserie. The business operates from its the Atelier in Highbury and also owns a second boutique shop in the same district. The company is a main supplier of one of the most exclusive West End department stores. 
The patisserie was awarded best “Craft Business” by the Baking Industry Awards.
The extensive range of products includes classic but also celebration and wedding cakes, viennoiserie, tarts, pastries, breads, etc…
The offering of sweets and cakes change regularly, and the ingredients used are always freshly made and accurately selected in the Atelier, where all production is based. 
Staff members are highly trained to deliver the highest quality products that differentiate the patisserie from its competition. This translates into high ratings on the internet, referrals and repeat visits to the stores by regular customers. 

Business Information:
Monthly takings average at £ 100,000 . With very high GP margins, the business has great potential for growth and hence, increased profitability. Discretionary earnings were c. £225k with strong forecasts for 2019.

Further information will be available under a signed confidentiality agreement.

Lease Information:
The lease of the Atelier in Highbury has 8 years left to run. The leases of the two boutique shops have respectively 3 and 7 years left to run. All leases are renewable and within the Act.

Growth Prospects:
The business can grow organically with increased marketing to high end markets such as hotels and fine food restaurants. 
The brand is highly rated but more focused marketing is needed to pursue these opportunities. 
Further “owned” boutiques could also be considered as could franchising.
There is plenty of operational capacity to serve more demand at the Atelier (the owner suggests another 4-5 boutiques could be serviced).

For further information and an in-depth conversation 
contact Mark Devonshire at TBA - London City Group Limited
1 Fore Street Avenue, London. EC2Y 9DT Mobile 07972 634 187

Listing Details
Leasehold Price: £1,200,000
Tenure: Leasehold
Location: Undisclosed, London
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Advert Reference: 08671-861261 / Rightbiz
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