Thriving Bakery Business In Prime Croydon Location For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £172,481 with a net profit of £23,000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides bakery and takeaway sandwiches.

History
We are delighted to place onto the market this thriving bakery which has been established for 25 years. The business has been in the hands of the current owner for 25 years and now wishes to sell due to retirement.

Services
This very good business opportunity provides bakery.

Staffing
The concern employs 3 part-time and 1 full-time.
Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no local competition.

Market
The client base consists of some commercial and local 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 Sundays and later pm.
• Increasing the product line to include more commercial contracts.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced website.

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 annual turnover is £172,481 with a gross profit of 53% and a net profit of £23271. The wages are £30,000. The present value of the stock is £1500.
The potential turnover of the business within the next 2 years is forecast to reach £300,000 pa 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 we 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. We 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 25 years with 0 years remaining. There will be a new lease. The rent is £9248 pa. The lease may be renewable or negotiable for longer term if required. The rates are £800/and service charges of £4600.

Leasehold rent:

£9,248 per annum

Location:

- Situated in Central area of Croydon.
- Prominent location part of the Central complex.
- Part of a parade of shops part of the shopping centre.
- Excellent parking facilities.
- Industrial estates nearby
- Surrounded by densely well populated residential area with schools and other local amenities.
- Good pedestrian flow
- Commercially thriving area.
- Croydon main shopping area lies close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced and is part of the Central Shopping Centre. The front is branded with an attractive glass front. The main customer service area is tiled with shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is the bakery. There is a toilet and staff facilities and a kitchen area, and storeroom.



EXTERNAL
To the rear is a loading bay and parking area.

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 Sundays and later pm.
• Increasing the product line to include more commercial contracts.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced website.

Competition / Market:

There is no local competition.

Reasons for selling:

wishes to sell due to retirement.

Trading hours:

The concern employs 3 part-time and 1 full-time.

Employees:

The concern employs 3 part-time and 1 full-time.

Years established:

25years

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:

£27,000 (included in the asking price)

Inventory / Stock value:

£1,500