Business
Please quote reference number B07433.
The business sells baked goods across three locations, as well as supplying several local businesses and shops. They have an excellent reputation in the local area as independent retailers, with a strong client base and partnerships in place.
The company was established in the 1940s, operating for over 80 years as a family-run business. They are well known as a trustworthy, independent retail bakery, servicing three different locations in the South West.
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Together with reporting a steady stream of independent shoppers coming to the store daily, the business has established strong and fruitful relations with shops and businesses in the area, catering for 30 wholesale retailers at present. Thanks to their great reputation, high-quality products and minimal complaint rate, they enjoy a staggering 90% repeat business. Their marketing strategy relies on word-of-mouth recommendations, with scope for online expansion to increase sales.
Due to the current healthy market position, the business is experiencing growing demand and finds itself unable to accept new business within their current premises.
This puts the company in a fantastic position going forward, with plenty of opportunities for a prospective purchaser.
The business has several distinctive capabilities and assets to stand out from its competitors, including:
- A wide variety of products sold in the baked goods category.Operating in three strategic locations with little competition.
- A dependable stream of income and loyal custom, with 90% repeat business.
- Long-term relationships built with clients and supplier, and high rates of satisfaction.
- Established partnerships with businesses and shops, with currently 30 wholesale contracts in place.
- Qualified and experienced staff.
- A healthy financial profile, with a turnover in excess of £1.1m in 2022.
- A strong reputation in the industry and long trading history.
Highlights –
- Long trading history and strong relationship with their customers.
- Great reputation in the industry.
- Wholesale and retail sellers.
- Strong local base within an expanding market.
Opportunities –
- Chance to expand into new premises and take on more business.
- Boosting advertising and marketing.
- Promising financial growth.
Location
Based in South West England.
Premises
The business has three leasehold Sites.
Tenure
The premises are all leasehold.
Hours
The business operates all the year round.
Staff
We are advised that there are currently 38 memebers of staff with varying degrees of experience.
Financial Profile
Turnover IRO -£1.1m for 2022.
- 100% share sale.
- Interested parties to sign an NDA.
