Established 16 Years – Adjusted Net Profit £42,876
PRICE REDUCED TO £49,950 + SAV
A rare opportunity to acquire a long-established, profitable and fully equipped independent Italian bakery in Bedford town centre.
Established from scratch by the current owners approximately 16 years ago, this highly regarded business has built an excellent reputation for authentic Italian bakery products, freshly prepared food, quality ingredients and personal service.
The principal owner is now looking to relocate, creating a genuine opportunity for a new owner to take over an established and profitable business at a substantially reduced asking price of just £49,950 plus stock at valuation.
KEY SELLING POINTS
- Turnover £92,804 – March 2024 accounts
- Adjusted Net Profit £42,876
- Reduced asking price only £49,950 + SAV
- Established and successfully trading for approximately 16 years
- Independent Italian bakery with excellent local reputation
- Bedford town centre trading location
- Substantial premises of approximately 1,250 sq. ft.
- Fully equipped bakery and commercial preparation facilities
- Two walk-in refrigerators and walk-in freezer
- Customer serving area with glazed display counters
- 5-star food hygiene rating
- Experienced staff already in place
- Existing baker/partner potentially available to remain with the business
- Lease with approximately five years remaining
- Potential for a new lease to be discussed with the landlord
- Significant potential to increase turnover
- Fixtures, fittings and equipment included
A GENUINE TURNKEY OPPORTUNITY
The business has been carefully developed by the current owners over the last 16 years and is being sold as a complete going concern.
An incoming purchaser will therefore benefit from an established trading name, customer goodwill, fitted premises, commercial bakery equipment and an existing staffing structure from day one.
Of particular interest is the possibility that the second owner/partner could remain following the sale, either during an agreed handover period or potentially on a longer-term basis as baker/manager, with remuneration to be agreed separately.
This could make the opportunity equally attractive to an experienced baker or food operator and to a commercially minded purchaser who does not personally possess specialist bakery skills.
STRONG PROFITABILITY
The March 2024 accounts recorded turnover of £92,804 and an adjusted net profit of £42,876.
At the newly reduced asking price of £49,950 plus SAV, the business is therefore being offered at an extremely attractive level when compared with its historically demonstrated profitability.
The operation has a relatively lean overhead structure and offers an incoming owner the opportunity to acquire an established business capable of generating income immediately.
SUBSTANTIAL & WELL-EQUIPPED PREMISES
The business occupies approximately 1,250 sq. ft. of premises in Tavistock Street, Bedford.
The accommodation provides considerably more than simply a retail bakery, with substantial kitchen, bakery, preparation and storage facilities behind the customer-facing area.
Facilities include two walk-in refrigerators, a walk-in freezer, commercial preparation areas, glazed display counters, CCTV, alarm system and monitored rear parking.
The size and level of equipment already in place also provide an excellent platform for further expansion.
CONSIDERABLE GROWTH POTENTIAL
Despite its established trading history, we believe there remains significant scope for a new owner to increase turnover.
Potential opportunities include:
- Wholesale supply to local cafés, restaurants and hospitality businesses
- Corporate catering and local business accounts
- Expanded takeaway range
- Online ordering and local delivery
- Celebration cakes and special occasion products
- Increased social media and digital marketing
- Extended opening hours
- Development of outside catering
- Increased utilisation of the existing bakery production facilities
The substantial production and preparation areas mean that a purchaser could potentially develop additional revenue streams without the expense of establishing a commercial bakery facility from scratch.
LEASE
The existing commercial lease has approximately five years remaining with a current rent of £22,000 per annum.
The landlord has also indicated that they may be prepared to discuss granting a new commercial lease to an incoming purchaser if required, subject to agreement and satisfactory references.
REASON FOR SALE
The principal owner is looking to relocate after approximately 16 years of developing and operating the business.
This is therefore a genuine sale of an established trading business rather than a distressed disposal.
ASKING PRICE: £49,950 + SAV
The price includes the goodwill of the business, assignment of the commercial lease and the inventory of trade fixtures, fittings and equipment.
Further financial and business information is available to genuinely interested purchasers following initial enquiry.
Viewing is strictly by appointment through the selling agent.
Please do not approach the business or staff directly, as staff are unaware of the proposed sale.
