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Established Commercial Wholesale Bakery For sale at Lancashire

Undisclosed, Undisclosed
Leasehold Price:
£180,000
Status
FOR SALE
Advert ID
246050
Reference
ED014 / Rightbiz

Established Commercial/Wholesale Bakery
Ref. ED014
Location : Lancashire
Asking Price : £180,000 inc. net assets

Turner Butler has been appointed to invite offers of purchase for this established and highly reputable commercial bakery that has excellent infrastructure, large customer base and impressive levels of repeat business.

Business Profile

Established some 20 years ago this highly respected and successful commercial bakery has been serving local businesses for many years and in that time has built up a sterling reputation for providing good quality bakery products at very competitive prices. It is particularly well known for its bread buns, confectionary and savoury offerings.

Ideally located close to its customer base the bakery has strong local market presence .The majority of wholesale customers (circa 240 in total) are located within a 20 mile radius of the bakery.

The bakery itself is large and situated on a busy industrial estate. It comprises a single storey property and it is fully equipped as you would expect from a business some 20 years old. The premises are divided into the main bakery areas, flour store, dispatch area, offices. A full asset inventory can be made available to suitably interested parties.

Operating within the wholesale marketplace the business has a very high level of regular custom and delivers to many of its clients on a daily basis.

This company uses only the finest traditional recipes and quality ingredients to produce a wide range of wholesome and delicious breads, pastries, cakes, biscuits and confectionary products. The business also manufactures a wide range of fresh savouries including pies, pasties and sausage rolls. Customers include retailers, mini-markets, sandwich shops, agents and commercial businesses.

This business offers a very personal and courteous service. This is illustrated by the impressive sales and consistent figures it achieves year on year. This is an excellent opportunity to acquire an established business highly regarded for its quality products and customer care. The business has excellent infrastructure with capacity for future growth.

Equipment:

All plant and equipment, including delivery vehicles and bake house machines are included within the sales price. A full inventory can be made available to interested parties. It includes a very comprehensive range of bakery equipment and accessories.

All plant, equipment is included within the sale price.

Key strengths:

• Superb reputation established over 20 years
• Strong brand 
• Excellent location
• Fully equipped bakery
• Regular yet diverse customer base 
• Experienced staff
• Many opportunities to expand
• Good profit margins

Key Opportunities:

There is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business s products and services, combined with a capacity to increase turnover, a new owner contributing fresh ideas, motivation and enthusiasm will have every advantage of building on an excellent base. 
The business has continued to invest over time and has some c30% spare capacity based on current trading levels.

Customer Service:

This business does everything possible to enhance its name and has built up a sterling reputation for the best locally produced, freshly baked bread, cakes, savoury ,biscuits and confectionary products coupled with superb customer service. The company is very well known and recognised.

Financial performance:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business consistently achieves turnover in excess of £1 Million p.a. 
Typically Gross profits are circa £300,000 per annum.
Net Assets circa £95,000.

Equally impressive figures have consistently been posted over previous years as the business enjoys high levels of repeat business from its loyal blue chip customer base.

All plant and equipment owned by the business is included within the sale price. There is huge potential to develop this business further. The vendors are pretty much reactive in their approach to business these days and there is huge scope to maximise additional opportunities that exist within its current customer base and beyond.

Asking Price:

The Asking Price of £180,000 including Net Assets is for 100% of the issued capital of the company, assuming Net Assets position of £95,000. The final selling price will have a £1 for £1 adjustment to reflect any rise or fall in this benchmark Net Asset figure at completion.

Advertising and Marketing:

The business does very little in the way of self-promotion and marketing, preferring to rely on repeat business and referrals to generate sales. There is huge scope to increase its exposure should a new owner so require.

The business does have a website. However, the further development of the site could assist in this business increasing its penetration of the wholesale sector.

Premises:

The business operates from ideal leasehold premises with excellent access to the road network. The bakery comprises circa 9,600 square feet in total.

Business Hours:

6 days a week.

Employees:

This is a family run business. The owner works full time in the business alongside other family members (one full time, one part time). The business employs some 10 full-time staff and 10 part-time staff in total. These include bakers, order pickers and delivery drivers.

Support and Training:

The current owner would be happy to provide full support at handover and may be prepared to stay on for a further period should a new owner so require subject to negotiation.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Listing Details
Leasehold Price: £180,000
Tenure: Leasehold
Location: Undisclosed, Undisclosed
Sector: Fast Food Businesses, Bakery Businesses, Restaurants
Financials
Annual Turnover: £1,050,000
Annual Net Profit: Available upon request
Key Features
  • High Turnover
  • Attractive Business
  • Established Business
  • Company for Sale
Contact Agent
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Advert Reference: ED014 / Rightbiz

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