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624013
The business is up for sale at an asking price of £750,000. With an impressive turnover of approximately £1,296,260.61 and a net profit of £150,000, this offers a lucrative opportunity for potential buyers. The asking price includes not only the turnover but also a base of around 200 regular customers, five vans, and essential equipment and goodwill. It should be noted that the stock at valuation (SAV) of approximately £50,000 is not included in this asking price.
This business boasts a robust and efficient model coupled with an exceptional product range, making it a prominent supplier in the Bradford and Leeds area since its establishment in 1926. Over the years, it has become a key supplier to local sandwich and fish shops. The business has immense potential to increase its turnover even further due to its well-established presence and reputation.
The company is renowned for delivering exemplary customer service, which has been instrumental in attracting a considerable number of repeat and new customers. This strong service ethos is a significant aspect of its current success and a solid platform for potential growth.
Located in a warehouse with office space measuring 6,600 square feet, the company operates under a lease costing £72,000 annually. The premises are in a prime location in Bradford, West Yorkshire, providing vital logistical advantages.
The business's key strength lies in its profitability and future potential for growth. The current owner, who has overseen operations since 2007, is considering retirement. He believes that the business would benefit from new leadership and fresh energy to drive it forward. He is willing to offer his services as a consultant during the transition to ensure a smooth handover.
With a dedicated team of 22 employees, including key personnel such as an Operations Manager and a Production Supervisor, the business is well-managed and positioned for continued success. Training opportunities for new owners will also be available to facilitate a seamless transition for the incoming management.
For interested parties, both freehold and leasehold options are open for discussion, with an estimated current turnover of £1,300,000. Full financial accounts are available, providing transparency and confidence to prospective buyers.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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