Business Summary:
Traditional Wholesale Craft Bakery
Ref.AF156
Location Northern Home Counties
Asking Price £ 175,000
Turner Butler has been appointed to invite offers of purchase for the assets and goodwill of a traditional wholesale bakery serving retail outlets across the Home Counties and East Anglia.
Key strengths:
The business has the following key attributes:
• Traditional wholesale craft bakery specialising in cakes, slices, biscuits and confectionery products
• Well known local brand
• Almost 25 years of successful trading
• Range of approximately 80 different products
• Specialist in servicing the special dietary requirements marketplace
• Handmade produce from quality, locally sourced ingredients using long established recipes
• Loyal customer base of approximately fifty retail and catering outlets
• Highly skilled, loyal, trained and experienced staff
The business provides an acquirer with:
• a significant foothold in the wholesale bakery industry or an excellent bolt-on opportunity for an existing operator
• an operation with significant growth potential.
Financial profile:
For the financial year ending March 2011, the business achieved a turnover of almost £400,000, generating a gross profit slightly in excess of £270,000 and a pre-tax net operating profit of approximately £57,000.
In the first seven months of trading in the current financial year, turnover is up over 7%, gross margins are up over 5% and operating profit is up a very impressive 55%, compared to the same period in 2011, a trend that is set to continue.
The Asking Price of £175,000 is for a sale of the assets and goodwill in the business to include the plant and equipment and stock conservatively valued in the region of £35,000 - £40,000.
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| Potential
Growth/Expansion:
The business has the following key attributes:
• Traditional wholesale craft bakery specialising in cakes, slices, biscuits and confectionery products
• Well known local brand
• Almost 25 years of successful trading
• Range of approximately 80 different products
• Specialist in servicing the special dietary requirements marketplace
• Handmade produce from quality, locally sourced ingredients using long established recipes
• Loyal customer base of approximately fifty retail and catering outlets
• Highly skilled, loyal, trained and experienced staff
The business provides an acquirer with:
• a significant foothold in the wholesale bakery industry or an excellent bolt-on opportunity for an existing operator
• an operation with significant growth potential. |
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