Outstanding Bakery & Sandwich Takeaway Southampton, Hampshire, United Kingdom Advert ref: CF366SC Business description
Easily run and prosperous bakery takings approx £5,000pw, envious location
Trading hours: Monday to Friday 8.00 am to 5.00 pm. Saturday 8.00 am to 4.00 pm
Property: Leasehold
Lease terms
a new 6-year lease has been granted (April 2006), with 3 yearly rent reviews. The vendor informs us that the current rent is £11,000 p.a.
Location
Situated in an advantageous and busy shopping area, near to the town centre, with good access to regular bus services, railway station, shopping facilities and other amenities, and with ease of access to the M3 motorway. Situated in a commanding and well-populated area, the business caters for residents passing trade and trading estates
The entrance leads to a sales and service area, approximately 100sf.ft, with attractive displays in serve over counters greeting customers. Fresh bread is display behind the service area, wall. Hidden from customers behind this wall is a preparation area, with fridges, freezers, sinks and prep benches with storage underneath.
To the rear of the premises is a kitchen area with an assortment of baking equipment, reassuring customers that their products are freshly made. The kitchen gives access to staff washroom facilities, as well as access to the outside yard, which in turn leads to the staff car parking area. The whole of the shop area is approximately 500sq.ft with ceramic floor tiling, suspended ceiling and ample florescent tube lighting.
Competition / Market
The business is located in a small shopping centre that consists of all the essential services such as doctors surgery, launderette, newsagent, post office, public house and alike. The centre is highly favoured by customers and the huge car park is a major asset to all the businesses. This impressive business has been in the current owners hands for six years. Our client has during this time built up an excellent reputation for serving fresh, quality foods with good customer service as an added bonus. The business operates purely as a takeaway operation and sells a wide range of freshly baked and made foods, including bread, buns, doughnuts and cakes, together with sandwiches, baguettes, pies and pasties, as well as completing the whole experience by offering soft drinks and hot coffees.
The accounts for the year ending 2005 show a sales turnover of £241,000 (excluding VAT), at a gross profit of 86 %. For a working owner, this should return a basic Operating Net Profit of approximately £59,000
An outstanding and prominent location that is yet to be fully exploited, with numerous trading estates and retail parks nearby a new owner would do well to consider starting sandwich delivery rounds and catering for business lunches or meetings. Business could receive a boost through an image upgrade ranging from upmarket signage and canopies to branded cups and bags. A new owner should also explore the possibility of introducing outside seating, we believe more as case of negotiating with the landlord than planning issues. An amazing business with huge potential and no direct competition, we would recommend an early viewing to fully appreciate the business.
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| | Financial details Asking price: £119,000
Sales revenue: £241,000
Net profit: £59,000
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed |
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