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Asking Price
£225,000
Description
This is a corporate style retailer which has been trading successfully for over two decades.
The current owner has been in ownership for six years and has now decided to sell in order to pursue a totally unrelated project.
The shop sells a wide range of bakery and confectionary items which are baked on site and also provides off site catering for a wide range of corporate and private clients. This element of the business provides lucrative additional growth potential in addition to the potential to grow the core business with an increased product range.
Our client has recently introduced an outside catering service for business lunches and a made to order buffet service still within its infancy, sales have been averaging around £1,000 per week for the outside catering side.
This aspect of the business offers unlimited potential, especially if one catered for Halal food and aggressively marketed to the many businesses in the immediate area.
At present, our client is part of a small franchise whereby 6% of net annual sales are paid to the franchisor.
The vendor informs us that a purchaser maybe able to negotiate the purchase of the franchisors rights at a reasonable sum and hence increase net profits to around £100,000 per annum.
Although a franchise, the franchisee has a high degree of control and autonomy.
REF: 8836 PE
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