Delightful Bakery Langton Tunbridge Wells Kent For Sale

Business description

The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £83,200 pa with a net profit of £22,000 (See financial summary below).
- A business with great potential which has not been exploited.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- The concern provides bread, cakes, all types of bakery products, pies, pastries, soft drinks and other savory items.

History
We are delighted to place onto the market a thriving leasehold bakery which has been established since 1911. The business has been in the hands of the current owner since June 2009 and he now wishes to sell due to other business ventures.

Services
This very good business opportunity provides bread, cakes, all types of bakery products, pies, pastries, soft drinks and other savory items.

Staffing
The concern employs 1 staff who works part time and the wages are £8,450.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner does not market the business and does not have a website.

Competition
As far as competition is concerned there is none nearby.

Market
The client base consists of local community and passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include late afternoon.
• Increasing the product line to include more bakery and savory products.
• With the introduction of a website and e-commerce.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present turnover is £83,200 pa with a gross profit of £52,000 and a net profit of £22,000. The wages are £8,450. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £131,000.00 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by us who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 21 years with 6.5 years remaining. The rent is £6,500 pa. The lease may be renewable or negotiable for longer term if required. The rates are £0.

Leasehold rent:

£6500pa per annum

Location:

- Situated in Langton area of Tunbridge Wells in Kent.
- Prominent location on main arterial road.
- Part of a small parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of local community.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A21, A26, A264, M25 and good railway links.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 32ft x 22 ft. The front is branded with an attractive glass front. The main customer service area is vinyl floor covering with shelving and racking to the walls. It is very well presented and is very conveniently laid out.

To the rear is a store room. There is a toilet, staff facilities and a small kitchen area.

External
To the front there is parking.

Size in square feet:

32ft x 22ft

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include late afternoon.
• Increasing the product line to include more bakery and savory products.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned there is none nearby.

Reasons for selling:

now wishes to sell due to other business ventures.

Trading hours:

Monday to Saturday: 7.00am – 2.30pm
Sunday - Closed

Employees:

The concern employs 1 staff who works part time and the wages are £8,450.

Years established:

100 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£1,000