Property Information
Address:
Southampton, Hampshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489066
Property Ref/Agent: 2648-traditional-family-bakery-in-a-fantastic-location
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe are delighted to welcome to the market Tilleys. This traditional bakers is well established, set up by our clients 28 years ago. The business is very popular within the local area. Our clients are now looking to sell the business due to a well-deserved retirement.
The bakery is renowned in the area for their delicious ranges of cakes, breads and celebration cakes. The business also offers other products like sandwiches hot and cold, pasties, sausage rolls, biscuits and drinks.
With a large amount of repeat custom, our clients have worked hard to build up the reputation of the business. The business is generating a healthy advised annual turnover of 222,000 as per 2015 accounts, with a gross profit of 31%.
The business could benefit from a website, to show off products and their celebration cakes. Having an online ordering system could help generate more sales. The business could also open on a Sunday, to increase the footfall in the store. They could also benefit from a delivery service around the town for businesses and private orders.
This business has a brilliant turnover and is an excellent opportunity for a new owner to take this already thriving business which is fully stocked. An early viewing is certainly highly recommended.TENUREWe are advised that the business is leasehold
A new lease is available for anyone who purchases the business
Rent 8000 per annumHOURSBusiness opening times-
Monday-Saturday: 7am-4:30pm
Sunday- ClosedSTAFFThe business is run and managed by our clients with the help of 1 baker and 5 part time members of staff.FINANCIAL PROFILEWe are advised the turnover for the business is around 222,000 as per 2015 accounts, with a gross profit of 31%
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