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Specialist Wholesale Bakers located in popular Devon market town

Honiton, Devon
Leasehold Price:
£180,000
Status
FOR SALE
Advert ID
240637
Reference
1312 / Rightbiz
  • Specialist Bakers located in popular West Country market town
  • Supplies to Wholesale Trade & direct to Customers
  • Well-presented throughout
  • Valuable inventory of well-maintained catering equipment
  • Healthy turnover and profits with scope to improve
  • Excellent reputation
  • Good trading location on a modern industrial estate
  • Fantastic change of lifestyle opportunity
  • Good mix of complementary businesses nearby
  • Ideal acquisition for a likeminded business
  • SALSA Accredited

Falcon Commercial is delighted to offer for sale this well presented Specialist Wholesale Bakers. It has been under the proud ownership of our client since 2003 during which time they have made considerable investment and improvements to reflect how the business has grown over the years. It is now being offered for sale as the owner wishes to retire. During our client’s stewardship the business has built up an excellent reputation for its gorgeous bakery products that include Pasties, Pies, Sausage Rolls, Quiches and Cakes.

The business enjoys an excellent trading position on a growing modern industrial estate in Honiton Devon. The good-sized triple unit is used as the production base where the bakery products are handcrafted. They are then supplied to a variety of prestigious companies, often on a wholesale basis.

Our clients run the business with help from a dedicated team of approximately 10 members of staff. It generates a turnover in the region of £487,000 per year with healthy gross profit margins. There is tremendous potential to increase the turnover possibly by running a modest marketing campaign or by expanding the range of products offered or by extending working hours.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended.

The Premises

Substantial and well maintained Leasehold building, benefiting from plenty of car parking situated in an area that contains an excellent mix of complimentary independent owned businesses as well as numerous national companies.

The premises have been well maintained and are fitted and presented to extremely high trade specifications throughout. They provide outstanding and highly functional internal business accommodation.

The premises briefly comprise:

Ground Floor

  • Office
  • Goods In
  • Packing Room
  • Warehouse
  • Staff Rest Room area
  • Trolley Store
  • Packing Room 2 with walk in freezer & Flo Wrapper Packing Machine
  • Commercial Catering Kitchen with Extraction
  • Toilets
  • Changing Room

External

  • Car Park

Business Details

Opening Hours

  • 7.00am – 5.30pm Monday to Friday

Turnover

  • £487,000 Per year

Business Rates

Business rates payable: £7730

Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Stock

The business stock value is: Approximately £20,000

Staff

The business is run by the proprietor with help from a dedicated team of staff who work on an agreed rota basis.

EPC

Commercial Energy Performance rating: TBC

Tenure

  • Leasehold
  • The business is held on a 3 year lease of which 2.5 years remain. We are advised that the Landlord will grant a new lease to suitable applicants. The current rent payable is £ 20,400 per year.

Legal Costs

Each Party to bear their own legal costs incurred in the transaction.

Accounts

Accounts will be provided to genuine purchasers after a formal viewing

Viewing

Strictly by appointment with the vendor’s agents, Falcon Commercial, Second Floor Offices 114/116 High Street Honiton EX14 1JP on 01404 758081

Agents Note

Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thankyou

Listing Details
Leasehold Price: £180,000
Tenure: Leasehold
Location: Honiton, Devon
Sector: Bakery Businesses, Supermarkets
Financials
Annual Turnover: £487,000
Annual Net Profit: Available upon request
Key Features
  • Attractive Business
  • High Turnover
  • Accounts Available
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 1312 / Rightbiz

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