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Very High End French Patisserie In London For Sale

North London, London, UK
Asking Price:
£900,000
Turnover:
£1,269,470
Net Profit:
£148,609

FOR SALE – asking price £900,000

Imagine yourself as the owner of this unique business:
• Atelier based in Highbury
• Two boutique cafés located in two prestigious areas of North London
• All leases are renewable
• Annual turnover circa £1.3m
• Supplier to Food Hall and cafes of one of the most exclusive West End department stores
• Great brand and reputation
• Large customer base
• Award winning business

Pandemic Performer !

This is a unique, well run and successful business. The company incorporates an Atelier and Bakery, where all production is based and two café Boutiques. It is a main supplier to the Food Hall of one of the most prestigious department stores in the West End.

The business has been successfully run for 19 years, during which it has built a very strong brand, reputation and a large customer base. The patisserie was awarded best “Craft Business” by the Baking Industry Awards. The extensive range of products includes classic, celebration and wedding cakes, viennoiserie, tarts, pastries, breads, etc…

The leases have 6 years remaining in the Highbury Atelier and respectively 5 years in the two boutique cafés in North London. All lease agreements are within the Landlord and Tenants Act.

Revenue was over £1,269k for 2019 with very high Gross Profit margins at c.70%.

The Operations Director has decided to retire after years of successfully running this business. The sale could be partial (majority) or in whole

Further information is available under a confidentiality agreement.

For further information and an in-depth conversation
contact Mark Devonshire at TBA - London City Group Limited
46 New Broad Street, London. EC2M 1JH


Growth Prospects:

The business can grow organically with increased marketing to high end markets such as hotels and fine food restaurants.

The brand is highly rated but more focused marketing is needed to pursue these opportunities.

Further “owned” boutiques could also be considered as could franchising.

There is plenty of operational capacity to serve more demand at the atelier (the owner suggests another 4-5 boutiques could be serviced).

Business Operation

Expansion Potential:

Growth Prospects:
The business can grow organically with increased marketing to high end markets such as hotels and fine food restaurants.

The brand is highly rated but more focused marketing is needed to pursue these opportunities.

Further “owned” boutiques could also be considered as could franchising.

There is plenty of operational capacity to serve more demand at the atelier (the owner suggests another 4-5 boutiques could be serviced).

Reasons for selling:

retiring

Trading hours:

7 days/week

Employees:
17
Years established:
2002

Contact Transworld Business Brokers UK

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