Well established and well known bakery for sale.

Well established and well known bakery for sale.

Introduction:

• This very lucrative business has been meticulously built up over 20 years and product offerings have been added according to consumers demands and the latest trends in bakery products worldwide.
• Starting from humble beginnings at home, this business grew into a force of nature in the Western Cape and very conveniently situated for all customers to visit and shop at the bakery.
• The bakery has also expanded from retail to wholesale as well as online shopping with a delivery service.
• The product offerings inter alia include bagels, croissants, ciabatta, rolls, health loaves, pastries, pizza bases, wraps, baskets with different options, etc.
• The staff is very reliable including 7 full time and 1 casual member (when needed).
• There is a huge database of loyal customers of which many are repeat customers.
• This business is running mainly without the owner being physically there as she lives outside the Western Cape.
• The reason for selling is that the owner wants to retire.

Financials:

• As with all other businesses, covid did some damage to this business, so where the turnover during 2022 was R1,5 million, and during 2023 was R2 million, the projected turnover ending February 2024 is R2,25 million.
• This will result in a NP (EBITDA) of R540,000 plus stock.
• Assets include 2 vehicles for deliveries (fully paid).

Selling Price:

• R1,99 million excluding stock.