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Very High End French Patisserie – London

Undisclosed, Undisclosed
Leasehold Price:
£900,000
Status
FOR SALE
Advert ID
239385
Reference
08671-861261 / Rightbiz

FOR SALE – asking price £900,000

Imagine yourself as the owner of this unique business:
• Atelier based in Highbury
• Two boutique cafés located in two prestigious areas of North London
• All leases are renewable
• Annual turnover circa £1.3m
• Supplier to Food Hall and cafes of one of the most exclusive West End department stores
• Great brand and reputation
• Large customer base
• Award winning business

This is a unique, well run and successful business. The company incorporates an Atelier and Bakery, where all production is based and two café Boutiques. It is a main supplier to the Food Hall of one of the most prestigious department stores in the West End.

The business has been successfully run for 18 years, during 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 extensive range of products includes classic, celebration and wedding cakes, viennoiserie, tarts, pastries, breads, etc…

The leases have 7 years remaining in the Highbury Atelier and respectively 6 and 2 years in the two boutique cafés in North London. All lease agreements are within the Tenancy Act.

Revenue was over £1,269k for 2019 with very high Gross Profit margins at c.70%.

The owners have decided to retire after years of successfully running this business.

Further information is available under a confidentiality agreement.

For further information and an in-depth conversation
contact Mark Devonshire at TBA - London City Group Limited
City Tower, 40 Basinghall Street, London. EC2V 5DE
mdevonshire@tworlduk.com/ Mobile 07972 634 187

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).

Listing Details
Leasehold Price: £900,000
Tenure: Leasehold
Location: Undisclosed, Undisclosed
Sector: Bakery Businesses
Financials
Annual Turnover: £1,269,470
Annual Net Profit: £148,609
Contact Agent
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Advert Reference: 08671-861261 / Rightbiz

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