Seize the moment with this exclusive opportunity to acquire an amazing bakery business, deeply rooted in the Central Hawkes Bay community for an impressive 37 years. The owner, fuelled by the desire to retire this year, is prepared to negotiate aggressively with serious buyers, making this a time-sensitive proposition that demands immediate attention.
Key Features:
• Legacy on Fast-Track Sale: With 37 years of legacy, this bakery is a cornerstone of the community, and the owner is determined to expedite the sale, offering a rare chance for a new owner to seamlessly take over.
• Modern Bakery Facility: Housed in a purpose-built, modern facility, the bakery is equipped with brand-new ovens and top-notch equipment, providing an efficient and productive environment. The urgency in the owner's retirement plan amplifies the appeal of this turnkey operation.
• Experienced Staff Ready to Transition: A skilled team, including an owner-baker with 37 years of expertise, stands ready to ensure a smooth transition for the new owner. The urgency of the owner's retirement emphasizes the commitment to facilitating a quick and efficient change of hands.
• Steady Customer Base: A loyal customer base has been cultivated over the years, appreciating the high-quality products. The owner's willingness to negotiate aggressively is demonstrated by reducing the price by $50k underscores the urgency to preserve and build upon this customer loyalty.
• Financial Stability on the Fast Track: With a robust financial performance boasting an income of $606,825 and a gross profit of $396,969, this business is on the fast track to new ownership. The owner's preference for drawing a good income adds a unique financial advantage, minimizing tax implications for the new owner.
• Immediate Growth Opportunities: The purpose-built facility and ample site space provide immediate growth opportunities. The prime location with a large parking area caters to both customers and heavy transport needs, emphasizing the potential for a quick return on investment.
• Addition of Range and inclusion of Coffee: potential to grow income is Significant.
• Lease Advantage: The current lease, with an annual rent of $37,000, is in place until 2024. Right of renewal or a new lease draft is pending, offering flexibility for the new owner to negotiate ongoing favourable terms.
• Owner's Support: The owner is committed to providing training and support, ensuring a seamless transition for the new owner. This hands-on approach underscores the urgency to pass on the reins swiftly.
Act now to secure this well-established bakery business with a loyal customer base and unmatched growth potential. An opportunity like this, with an owner eager to retire this year, is rare and won't last long. Don't miss your chance to own and continue the legacy of this Central Hawkes Bay gem.
For more information and to discuss this unique opportunity, please contact us today.
Disclaimer: Due diligence processes will provide buyers with access to all relevant financial documents. Training available if required.
Brian Priest, 021 222 2222, [email protected]
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
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