Business Summary:
Long Established Wholesale Craft Bakery with Superb Reputation
Ref.AF118
Location East Anglia
Asking Price £ 950,000
This high-end craft bakery was originally born out of a small family retail bakery in a small town in Suffolk, established in the 1920’s. Over the years, the company grew to include 6 further shops. In the 1990’s the vendor sold the additional 6 outlets as going concerns, and centralised the business back to the core shop. In 2005, they moved all the bakery production to the current unit on an light industrial park, whilst keeping the cornerstone originaly bakery. Rapidly expanding the wholesale bakery business, and trading on this well known name, the current bakery has grown from a turnover of £300K to the present £1.2 million, in only 4 years, with forcasts to continue growing at this rate.
The business enjoys no competition locally for the high end of the market, and has developed strong relations with chains of independent owner manged mid-size supermarkets as well as some major household names in food retailing.
The business has won and kept accounts due to their continuous focus on the highest level of ingredients, and careful hand made attention to detail, to provide the highest quality products at a very competitve price.
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| Year
Business was Established: 1920 |
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| Facilities / Terms of Lease:
Leasehold renewable in 2013
Square footage circa 6000
Rent £11,000 fixed until 2013
Rates £6,500 per annum |
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| Potential
Growth/Expansion:
This venture shows fantastic growth and expansion opportunities. They are currently at the Audit stage with a major national supermarket, which can be capitalised on by a new owner. Also, with the business currently running at 60% of capacity from the premises, whilst still being very profitable, new orders can be fulfilled easily. |
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| Competition:
In support of the Field Sales Manager, the company sends out regular point of sale promotional material. There is currently limited advertising and on-line presence, the company building via the trading history and direct sales meetings. The business can be greatly expanded with more of a marketing focus. |
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| Owner
willing to train:
The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to new Owners. |
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| Reason for selling:
After over 20 years growing the business to the current operation, the vendor wishes to sell the business at a growing stage, to another owner who wishes to take it to the next level. The vendor is looking for to enjoy semi-retirement whilst working with |
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Seller Reference Number: AF118
BusinessMart.com Listing Number: 71825 |
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