Main Road Trading Position
Accounts From 1st May 2021 - 31st January 2022
Annual Turnover £221,032
Gross Profit £157,116
Net Profit £48,188
Busy Residential Area
Spacious Corner Property
Potential For 3 Bed Flat With Separate Entrance
5* Hygiene Rating
Scope For Longer Opening
Potential To Introduce Deliveries
Scope To Improve Website
Potential For Social Media
Could Accommodate Any Cuisine
EPC - TBC
REF 7368 – Freehold Traditional Family Bakery
Blacks Brokers are pleased to bring to the market this freehold traditional family bakery located in Moston, Manchester.
Howarth’s Bakery was established in this busy area of Moston in 1955, our clients began working there in 1976 and subsequently took over the business in 1997. The business specialises in cakes and other baked goods with everything made on site. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google. Howarths Bakery has a basic website in place.
Howarth’s Bakery occupies a main road trading position at the end of a parade of shops. The area is densely populated residentially, however there are a number of neighbouring businesses which are all independent retailers. There are also a number of schools and other local amenities nearby including Blackley Golf Club and Broadhurst Park. The area is well linked by the M60 with very strong public transport links and parking is available immediately outside.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The business operates with two full time bakers and eleven part time members of shop staff. Our client and partner also work on a full time basis.
Howarth’s Bakery has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £221,032, gross profit of £157,116. Full financial information is available upon request.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This long established business occupies an enviable trading position in a busy residential area of Moston. Our client has secured a strong customer base and exceptional reputation with an impressive trading history in place. There is plenty of scope to develop the business further with the introduction of new product lines, outside catering, wholesale trade for other local businesses and longer opening hours. There is also potential to improve the website and create a new social media profile to provide free online marketing. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.