Confectioners for sale in Bexhill

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Leasehold Price: £48,000 Price Reduced Turnover: £117,000 Gross Profit: £59,500
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular retail and wholesale confectionery business, ideally located in Bexhill-on-Sea.

The business was established by our clients in 1995 and is only now being offered to the market due to our clients’ desire for a well-deserved retirement. The business currently operates 6 days per week and generates a fantastic turnover in the region of £117,000 per annum, with a gross profit of approximately 51%.

Our clients specialise in the retail of traditional loose sweets, handmade chocolates, marzipan fruits and cake decorations, as well as the manufacture of desiccated coconut (sweet tobacco), which is sold to both retail and wholesale, with many wholesale accounts throughout the United Kingdom.

The property boasts a spacious sales and display area of approximately 400 sq. feet to the front of the premises, as well as a large manufacturing area to the rear of approximately 800 sq. feet. There is also a lower ground floor, which is fully shelved and is accessed via the manufacturing area.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could also embark on a modest marketing campaign to highlight the goods and service offered. The wholesale side of the business could also be expanded through advertising and internet marketing. The business already has a website in place, which could be upgraded to offer online ordering facilities.

This is an excellent opportunity for a new owner, with drive and ambition, to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
H & H Confectionery occupies substantial ground floor premises, ideally located within the popular seaside town of Bexhill-on-Sea, East Sussex. The business is situated on the very busy Sackville Road and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The location of the premises is surrounded by densely populated residential areas, from which the business derives much of its trade.

Bexhill-on-Sea is a popular seaside town, situated in the historical county of East Sussex. The town is home to a number of archaeological sites, a manor house in the Old Town, an abundance of Edwardian and Victorian architecture and the famous De La Warr Pavilion, which is just a two minute walk away. The population of Bexhill-on-Sea is being recorded as 43,531 residents in 2010.

The area of the business is well served by the public transport system, with a bus stop being located directly outside the property. Bexhill railway station is just over five minutes’ walk away. The area is also well served by the A-roads, with both the A269 and A259 being within easy driving distance, which link to the national A-road and motorway networks. Hastings is just over 5 miles away and Eastbourne is 15 miles away.

PREMISES
Substantial ground floor premises in an ideal trading location, briefly comprising:

Lower ground floor with:

Substantial basement area, which is fully shelved with raised storage areas.

Ground floor with:

Traditional Victorian display window.

Floor to ceiling display shelving to perimeter walls.

Cake accessory area to left.

Glass fronted display counter for displaying chocolates.

Serve over counter with electronic cash register.

Manufacturing area with:

Several stainless steel preparation areas.

Scales.

Stove.

Rear kitchen area.

Staff WC.

Office with PC and large order board.

The premises have been newly refitted and have new smoke alarm sensors throughout.

External with:

Parking to front of premises.

TENURE
Original lease length: 11 years

Remaining lease length: 7 months

Review every: 5, 8 and 11 years

Rent: £2,125 per quarter.

HOURS
The business is open:

Monday – Saturday: 9.00am – 5.00pm

Sunday: Closed

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business generates a fantastic turnover in the region of £117,000 per annum, with a gross profit of approximately 51%.


Tenure: Leasehold

Listed by: Hilton Smythe
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