Thriving Sandwich Bar & Bakery With Living Accommodation For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £72,500 pa with a net profit of £14,000 (see financial summary below).
- A business with great potential to expand and develop.
- An easily run operation.
- A good first time buyers business and ideal purchase for couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a bakery, sandwich bar, tea and coffee takeaway. .

History
Phoenix Business Transfer Agents are delighted to place onto the market this busy shop which has been established since 2009. The business has been in the hands of the current owner since 2009 and now wishes to sell to focus on other businesses.

Services
This very good business opportunity provides a bakery, sandwich bar, tea and coffee takeaway.

Staffing
The concern employs no staff and is family run.

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 locals and passing.

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 later PM.
• Increasing the product line to include more in house bakery products, jacket potatoes etc.
• Becoming more efficient with staffing levels to allow longer opening hours.
• With the introduction of a website and e-commerce.
• Operate a delivery service to local businesses and homes.

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 £72,800 with a gross profit of £36,400 and a net profit of £14,000. There is an income from the flat of £11,400 pa. The present value of the stock is £1000.
The potential turnover of the business within the next 2 years is forecast to reach £130,000 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 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 Phoenix Business Agents Limited 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 20 years with 18 years remaining. The rent is £16,400pa and the rates are £497.

Leasehold rent:

£16400pa per annum

Living accommodation:

On the first floor there is a 3 bedroom flat with living room, kitchen/diner, bathroom and toilet. There is a separate entrance to the flat at the rear of the shop.

Location:

- Situated in the busy area of Orpington.
- Prominent location on main arterial road.
- Part of a parade of shops which is part of the local shopping centre.
- Excellent free parking facilities nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the centre of Orpington.
- Orpington Station and Schools all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. There are electric shutters. The main customer service area is tiled. It is very well presented and is very conveniently laid out. There is seating for 12 people.
To the rear is a preparation area and store room. There is a toilet, and a fully fitted kitchen. The shop was completely refurbished to a high stranded 2 years ago.

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 later PM.
• Increasing the product line to include more in house bakery products, jacket potatoes etc.
• Becoming more efficient with staffing levels to allow longer opening hours.
• With the introduction of a website and e-commerce.
• Operate a delivery service to local businesses and homes.

Competition / Market:

There is no local competition.

Reasons for selling:

wishes to sell to focus on other businesses.

Trading hours:

Monday to Saturday: 6.30am -3.30pm
Sunday: Closed

Employees:

The concern employs no staff and is family run.

Years established:

2 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:

£25,000 (included in the asking price)

Inventory / Stock value:

£1,000