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Top-Performing Food To Go & Bakery in Devon - Leasehold with £304K Sales & £100K Net Profit

 Undisclosed, Devon

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    13/03/23

  • Advert ID

    509804

  • Reference

    SB35662N / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £120,000
  • Turnover: £395,945 (£7,614 Per week)
  • Net Profit: Not Applicable

Business Details

FOOD TO GO & BAKERY



Highly profitable FOOD TO GO OUTLET with in house BAKERY, thriving large MID DEVON town which continues to expand with new developments taking place. Occupying central town centre trading position ensuring substantial foot flow/passing trade, surrounded by other businesses from which trade is also received, car parks/public transport links within close proximity.

Deceptive premises extending over 2 levels, the subject of refurbishment in recent years. Provide customer reception/retail/servery area, adjoining baking area, additional sandwich preparation room/kitchen, and lower ground floor storage with walk in freezer, plus cloakroom facilities. Favourable premises costs despite town centre trading position, qualifying for 100% business rate relief.

A most efficiently managed business with excellent staffing structure in place, producing sandwiches, pastries, cakes, bread and other snacks, simply buying in additional products to bake off, also offering hot and cold drinks to take away. Predominantly retail sales, supplying a few other businesses but no deliveries.

Top performing growing business, Sales increasing year on year, last financial year Sales £395,945 ex Vat, Gross Profit £255,152 (64%), adjusted Net Profits in excess of £136,000. Commands excellent reputation, regular repeat local trade, still opportunities available to build on current levels of successful trade.

Leasehold £120,000 sav Ref: SB/K35662N

VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'FOOD TO GO & BAKERY - SB35662N / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.