Thriving Leasehold Bakery London For Sale

Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• 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 £200,000 with a net profit of £50,000 after full wages are paid on a fully managed business. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owner wishes to re locate.
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this thriving and popular bakery and sandwich bar which has been established since 1979. The business has been in the hands of the current owner since 2001 and he now wishes to sell due to re location.

This very good business opportunity provides juices and drinks, pastries, freshly baked bread and other products and freshly made sandwiches all baked on site.

The concern employs 4 staff. The total wage bill is £700 per week.

The owners’ role is part time and is managerial only dealing with finances and administration.

The owner does no marketing for the business as it is very well known locally.

As far as competition is concerned there is much locally but the business has an excellent reputation

The client base consists of a large array of the local population and workers a well as passing trade.

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 evenings.
• Increasing the product line to include more food products.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e commerce.

The owner would be available for a business familiarisation period of one week 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.

Property Details
The property is terraced and is part of a parade of shops and is approximately 22ft x 38 ft. The front is branded with an attractive glass front. There are manual shutters and a large canopy. The main customer service area is wooden. It is very well presented and is very conveniently laid out. There is an open plan kitchen preparation area and bakery.

. The customer service point is to the front. There is an overhead menu. There are customer toilets.

There is also a basement area for storage.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £60,000. This includes a walk in fridge and a large selection of bakery equipment.

Financial Details
The present turnover is £200,000 per annum with a gross profit of 65% and a net profit of £50,000. The wages are £700 per week. The present value of the stock is £1000 and the fixtures fittings and equipment are worth £60,000.
The potential turnover of the business within the next 2 years is forecast to reach £250,000 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.

Trading Hours
The business operates from Monday to Saturday between 7am and 6 pm and on Sunday between 8am and 3.30pm.

Tenure
The original length of the lease was 15 years with 8 years remaining. The rent is £13,000 pa with a review in 3 years. The rates are £4,800.

Viewings
The owners are available for viewings at anytime.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 15 years with 8 years remaining. The rent is £13,000 pa with a review in 3 years. The rates are £4,800.

Location:

This superb business opportunity is situated in the Willesden area o f London .It is on a main arterial road and enjoys much traffic flow and there is a good foot flow of pedestrians. There is a densely populated residential area surrounding the property and it is within a commercially thriving part of the area. There is ample parking nearby.
The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers. There are also busy industrial estates nearby. This is a very busy area which accounts for the success of the business. There is a huge array of different clientele from office and retail staff to students and residents.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 22ft x 38 ft. The front is branded with an attractive glass front. There are manual shutters and a large canopy. The main customer service area is wooden. It is very well presented and is very conveniently laid out. There is an open plan kitchen preparation area and bakery.

. The customer service point is to the front. There is an overhead menu. There are customer toilets.

There is also a basement area for storage.

Other information

Competition / Market:

As far as competition is concerned there is much locally but the business has an excellent reputation

Support & training:

The owner would be available for a business familiarisation period of one week 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.

Reasons for selling:

re location

Trading hours:

The business operates from Monday to Saturday between 7am and 6 pm and on Sunday between 8am and 3.30pm.

Furniture / Fixtures value:

£60,000 (included in the asking price)