CY0137F

CONFECTIONERY & BAKERY FACTORY

Business Type: Confectionary Shop
Location: Confidential, Confidential, CYPRUS  
Type of Tenure: Freehold
Business Reference: CY0137F
Asking Price: € 2.250.000
Annual Turnover 600.000
Gross Profit Margin 75%
Monthly Rent NOT APPLICABLE
Stocks (at cost) 20.000
Reason for Sale RETIREMENT
Accounts Available 2013 AUD
Years Established 33
Incorporated Business LIMITED COMPANY
Vendor Financing NEGOTIABLE
Full-time Employees 14
Internal Area 1100 SQM
Mezzanine Area 100 SQM
Plot Area 2300 SQM

Description

The business consists of a fully equipped, licensed confectionary and baked snacks production facility and two retail outlets.

The production facility has been designed and custom-built on a freehold plot. It complies with HACCP and all EU laws and regulations for food production.  The freehold plot is 2.300 sq.m. and covered areas of production, storage and administration are 1.200 sq.m. A second floor can be added to increase area by another 1.000 sq.m.  Value of Land & Buildings is in excess of EURO 1 Million.

The production facility is fully equipped with European manufactured machinery & equipment of the highest quality to handle a very wide range of confectionary items and baked snacks.  Value of machinery and equipment is in excess of EURO 1,3 Million.

The business caters to both wholesale and retail clients locally, while baked snacks and confectionary sales split is about 50:50. It has excellent potential for exports.
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