• 80% OF SALES VIA REGULAR MARKET STALLS + SHOWS
• HIGH PROFIT MARGIN FOR DIRECT TO CONSUMER SALES
• WELL LOCATED RURAL PRODUCTION UNIT
• LOW RENT INCLUSIVE OF ALL SERVICES
• FULLY EQUIPPED PLUS FLEET OF 4 VANS
This long established, family run, independent bakery has the advantage of operating without the level of overheads associated with High Street premises and yet delivers an excellent gross profit margin (in excess of 60%) as c 80% of income is generated from sales direct to the public at long established market stalls, at specialist food festivals and agricultural shows and game fairs, the latter normally being annual events scheduled for the warmer months.
Wholesale turnover stems from sales to other traders at the afore-mentioned festivals and shows as well as a small number of customers for regular deliveries. The range encompasses bread, cakes and pies, the former offered in 30 different varieties.
Operating from a rural but conveniently located and comprehensively equipped production facility with excellent road links, the premises costs are low by comparison with many competitors and this, in conjunction with the excellent gross profit margin, generates a very strong bottom line profitability.
A retirement sale, this represents a rare opportunity to acquire a long established and successful family business with an excellent reputation. Full details will be made available to interested purchasers following a brief discussion with Adams & Co and completion of a form of confidentiality agreement.
We understand that the business has been established for c 30 years and relocated to the current production facility c 20 years ago.
Please note that if a business is VAT registered, all figures exclude VAT.
Figures for the year ended 31 March 2015 are due imminently. Sales of £567,420 were reported for the year ended 31 March 2014. This generated a gross profit of £348,607 (61.4%) before wages and other overheads. An abridged net profit of c £74,000 was indicated for the year, being very similar to the out-turn in the year ended 31 March 2013.
The business is family run (father, son and mother, the latter in a bookkeeping and administrative capacity) with the assistance of 9-12 staff depending upon the season.
REASON FOR SALE:
The older generation are now approaching retirement age and following discussion within the family it has been agreed that a sale is the preferred option.
Baking is carried out 7 days per week. Staff start work at c 5pm, finishing between 12 noon and 2pm on normal days with later departure times generally on Fridays.
(all sizes are approximate & should be considered 'nominal'.)
The business occupies a single storey industrial unit under a pitched and tiled roof which forms part of a larger complex mainly occupied by the landlord. In a rural setting on the edge of a village, but with excellent main road links and on-site parking facilities, the unit is ideal for the purpose comprising c 103 sq. metres of usable floor space (c 1,100 sq. feet).
The building is long and narrow. A storage area and loading bay leads to the production area with prep tables, deck oven, rotary oven, roll plant conveyor and bank of provers as well as mixers and a large walk in refrigeration room (landlord’s inventory) is used in the retarding process.
A portable building located in the car parking area is used as a staff changing room, alongside which there is a small storage shed.
A full inventory of equipment will be made available to interested purchasers.
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
The business has operated from the current rented premises for 20 years without a formal lease agreement. Weekly rent of £572 + Vat (c £29,744 + Vat pa) is inclusive of all services (i.e. includes electricity and water usage) and the use of the walk in freezer (landlord’s inventory), which forms part of the premises.
It is anticipated that a formal lease will be made available to the buyer by the landlord upon request.
ENERGY PERFORMANCE RATING:
Certificate No 0580-0436-3619-3122-2006. Rating 149 Band F.
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