Business for Sale in Norfolk (Confidential Sale) Wholesale Bakery Business - Norfolk (Confidential Sale)

Leasehold Price £195,000

Key Information

Reference
K35746E
Tenure
Leasehold
Status
Under Offer
Region
Norfolk
Sector
Bakeries
Rent Payable
£14,500 + VAT per annum, with rent reviews in 2024 and 2026.
Business Rates
The Business Rates statement for the period of 2023/2024, shows an amount payable of £600.00.
Accommodation
No
  • Established for Over 30 Years
  • All Company Customers
  • Some Very Well-Known Customers
  • High Profit Margins
  • Delivering to Norfolk & Suffolk
  • Large Equipped Premises
  • No Weekend or Night Working
  • Currently No Bread Sales
  • Genuine Retirement Sale
  • Confidential Sale

Business Information

We are pleased to present to the market this long-established wholesale bakery business, being offered for sale for the first time in over 30 years due to the vendor's pending retirement.

With a sizeable turnover and high profit margins, as well as scope for increasing revenue further by taking on some of the new customers that regularly enquire, there is much for a new owner to be excited about.

This is an ideal standalone business for an owner-operator, but it would also make a great addition to an existing company in a similar sector, who would benefit from incorporating a bakery production unit into their business model.

THE BUSINESS

The business specialises in the production of sweet and savoury food products and treats. Although they currently do not produce bread, this is an area that a new owner could easily expand into if desired. With all sales currently to business customers, including some nationally recognised brands, there is potential to offer products to the general public or branch out into retail sales.

The business operates on an extended 4-day week with no weekend or night working, which will no doubt appeal to a new owner as well as the staff. This schedule does allow for the possibility to increase turnover if desired. Deliveries are undertaken 5 days a week, typically completed by around 1:00 pm.

It is noted that the new refrigerated van is not included in the sale price, but it can be included at the equity value at the time of purchase if the hire-purchase agreement is carried on. Alternatively, it can be included with the hire-purchase repaid on the basis that the full then-current value of the vehicle is paid in addition on completion. A further shareholder's truck is excluded from the sale, and any outstanding hire-purchase at the time will be repaid in full by the vendor.

CONFIDENTIAL SALE

This listing is a confidential sale at the vendor's request. To access the business name, location, and other confidential information such as financial accounts, interested parties must complete a short online non-disclosure form.

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ADDITIONAL INFORMATION

AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.

CONFIDENTIAL SALE: This listing is confidential at the vendor's request. In order to release further information on the business – including the business name, location and the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required. We have used our office postcode for this listing to protect the confidentiality of the business name and location, as online platforms require a valid postcode to market a business or premises.

REFERENCE NUMBER: K35746E.

OPENING HOURS: 5:30am to 6:30pm, Monday, Tuesday, Thursday and Friday. Wednesday, cleaning and deliveries. Closed Saturday and Sunday.

TENURE: Leasehold. We are advised that there is a 5 year renewable lease, from 17th May 2021, with a break clause in 2024.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the lease.

RENT PAYABLE: £14,500 + VAT per annum, with rent reviews in 2024 and 2026.

RATES PAYABLE: The Business Rates statement for the period of 2023/2024, shows an amount payable of £600.00.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

EPC: The Energy Performance Certificate for the premises shows a rating of ‘76/D’.

PRICE: £195,000 + STOCK AT VALUATION.

For the benefit of the leasehold, goodwill of the business, fixtures, fittings and equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING: Strictly by appointment only, please get in touch to make an appointment.

FINANCE: We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

BUSINESS TO SELL: Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.

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DISCLAIMER

1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets, flooring or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

Under Offer

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East Anglia

Your Regional Director Chris Ruggles

EM&F East Anglia

116 - 118 Prince of Wales Road
Norwich
Norfolk
NR1 1NS