Property Information
Address:
Wolverhampton, West Midlands
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489220
Property Ref/Agent: 2478-ice-cream-manufacturer-and-supplier-in-wolverhampton-west-midlands-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market this ice cream manufacturer and supplier business in Wolverhampton, West Midlands. The business was established in 1950 and has been in our clients careful hands since then.
The business is only now being offered to the market due to our clients desire to take a well-deserved retirement. The business is open 5 days a week and generates a turnover in the region of 393,000 per annum with a gross profit of approximately 29%.
Leo's Ice Cream is an established and well respected business in the industry. The business is a retailer and manufacturer of ice cream and stockist of ice cream lollies from manufactures such as Mars, Cadburys, Walls, Magnum, Twix and more. The business also stocks wafer cones, waffle cones and other ice cream related products.
In addition to the main retail area are 3 offices to the rear, offering the potential to sub-let to generate additional income if not required. The business also has a large workshop, which has space for approximately 8 - 10 cars. The workshop is currently used for storage but has the potential to be sub-let out.
We feel the turnover could also be increased with the introduction of a telesales department to prospect for business, a small marketing campaign could also prove very beneficial.
The manufacturing side of the business is currently run at a pace to suit the owner but could be restarted and expanded with a little further investment. Our client has advised us they would be prepared to offer a hand over period to assist any new purchaser.
Early viewing must come highly recommended for this excellent niche business.TENUREWe are advised property is freehold and land is owned by Wolverhampton City Council.HOURSThe business is open:
Winter months: 9am - 4pm
Summer months: 8am - 6pm
Weekends: 9am - 1pmSTAFFThe business is owner run and managed with the assistance of 2 part time staff members and casual staff as and when required.FINANCIAL PROFILEWe are advised the business generates a turnover in the region of 393,000 per annum and a gross profit of approximately 29%.
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