Profitable Bournemouth Food Chain Bakery For Sale

Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business which is able to grow as it has good sound foundations.
• Good loyal clientele both local and commercial.
• Fully equipped business with favorable lease terms (see below). The premises contain living accommodation for management or for rental. They are well adapted to this type of concern.
• Turnover in excess of £380,000 with a net profit of £70,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owner is wishing to retire.
• An easily run operation.
• Good loyal well trained staff.

Phoenix Business Transfer Agents are delighted to place onto the market this thriving bakery which has been established for over 40 years. The business has been in the hands of the current owner since 1992 and he now wishes to sell due to retirement.

This very good business opportunity provides a full on site bakery service form its headquarters, and provides bread, cakes, sandwiches, hot foods, a full range of bakery goods and a traditional bakery service for orders as well as take away.

The concern employs 9 full time staff who are paid £6.50. There are also 7 part time staff that are paid £6 per hour. There are managers on each site. All staff are well trained, experienced and loyal and would remain with the business after sale.

The Owner works full time as a baker and his wife manages one of the branches. She works 20 hours per week.

The owner markets the business in local publications and there is no website.

As far as competition is concerned there are no other bakers in the area.

The client base consists of locals as well as office and commercial clients who regularly order in bulk.


The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the exposure to the commercial market.
• Increasing the product line to include a more varied product.
• Becoming more efficient with staffing levels.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.


Financial Details
The turnover for 2008 was £380,755 with a gross profit of £278,945 and a net profit of £68,008. The wages are £152,551 for this year. The present value of the stock is £6,000 and the fixtures fittings and equipment are worth £60,000.
In 2007, the turnover for was £394, 079. The potential turnover of the business within the next 2 years is forecast to reach £500,000 given the changes that are required to be made to the business. A full business plan and cash projections are available upon request after viewings.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Leasehold

Lease terms:

Tenure
Bournemouth: lease available until 2013 at a rental of £16,000. Tuckton lease available until 2010 at a rental of £8,000. Boscombe east lease available until 2011 at a rental of £4,000. Al leases are fully renewable

Location:

This superb business opportunity is situated in Bournemouth in the County of Dorset .There are three outlets. The main business and bakery is situated centrally on a main arterial road, forming a parade of shops within a very commercial and populated area. It is only 200 yards or so from the sea. The Tuckton branch is situated in a suburb of Bournemouth about 1 mile from the main shop. It services a good strong local community. The Boscombe East branch is located within a parade of shops and is again in a well populated area, servicing the local community.
Bournemouth itself offers an exceptional lifestyle.

Premises details:

Property Details
Central Bournemouth: This property is terraced and is of a substantial size. It is a fully equipped bakery with a large retail section and is the main hub of the operation. It has a 3 bedroom flat above which is rented at £650 per month.
Tuckton is a small, compact retail unit with a 3 bedroom flat which has a rental income of £650 per month. Boscombe east does not have accommodation and is a retail unit. All units have staff facilities and toilets.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £60,000.

Other information

Competition / Market:

As far as competition is concerned there are no other bakers in the area.

Support & training:

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Reasons for selling:

sale due to retirement.

Trading hours:

The business operates from Monday to Saturday between 7.30am and 4.30pm

Furniture / Fixtures value:

£60,000 (included in the asking price)