Leasehold Retail & Wholesale Bakery For Sale

Business description

Bag a Business is delighted to offer for sale this extremely profitable company that was established by our client in the 1970s. The business is now only being placed onto the market due to our client's wish to concentrate his efforts on a sideline flour distribution business, from which he would be happy to negotiate a favourable deal with any prospective purchaser. Our client operates at the quality end of the market, offering an extensive range of bread and cakes that can be seen on the website www.hollandscraftbakery.com. The business has steadily grown to a sizeable annual turnover in the region of £940,000 per annum with a gross profit of approximately 32%. The turnover is primarily derived from the wholesale business, which supplys a selection of school contracts and hotels, as well as local and national bakers. Hollands Craft Bakery additionally benefits from a strong retailing base. The Wolverhampton and Bilston market stall sites benefit from excellent levels of footfall, generating a weekly income between the sites of £5,000. The market stalls have developed a strong recognition of the Hollands brand and would provide a future owner with a base to establish retail outlets in the towns. The Walsall retail shop, that is located at the head office, and manufacturing site has developed a strong local customer base with the numerous industrial units and residential estates in the local area. Walsall currently operates at a weekly turnover of £3,000, although there is the attractive opportunity to expand the outside catering aspect of the business to further increase turnover.

Although already operating at a high turnover there are ample opportunities to develop this further, through developing links with distributors and opening new retail outlets. Of particular note is that the company has grown to its current level without the aid of a sales representative, the implementation of which would most likely result in an increase in turnover, with potential areas of growth coming from sales to airport catering, development of sales to current accounts and indentifying new product lines that are in demand from customers. The company has an equally enviable reputation in terms of its status as an employer and any prospective purchaser would benefit from a workforce that take a great deal of pride and ownership in the company values. We feel that this is an ideal bolt-on acquisition for those looking to expand into the North or the South of England, using the head office location in Walsall as a stepping stone. Alternatively this would offer an excellent first venture for an experienced baker.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Manufacturing site
Original length: 10 years
Remaining length: 8 years
Rent: £18,000 per annum
Other lease details to be provided on request

Living accommodation:

ACCOMMODATION DETAILS Head office and manufacturing unit, as well as two shop units in prime trading locations within major towns and an on-site retail unit. HEAD OFFICE Manufacturing unit with full commercial baking equipment, seriously interested parties will be provided with an inventory of fixtures and fittings to be included in the agreed sale price Two offices Retail unit Delivery bay

Location:

Hollands Craft Bakery operates from premises comprising of a head office and main manufacturing site, ideally located in Walsall, just off the A4148 linking the business with the M6 motorway. The business also has the added benefit of three retail sites, which complement the wholesale side, these are located in Bilston, Wolverhampton and on-site in Walsall. The Walsall retail site benefits from excellent levels of passing trade from the busy local industrial areas, whilst the busy Wolverhampton and Bilston sites are located in prime trading positions which also enjoy excellent levels of passing footfall.

Other information

Trading hours:

6 days a week