The business was established in 1998 and has had 3 owners. Our client has successfully run the shop for 12 years, unfortunately health reasons are forcing him to sell. During the time our client has ran the shop he has built up a good rapport with the locals and regulars and is offering a hand over period to show the new buyer the ropes should they require.
The Bakery currently offers a variety of traditional bakery produce including bread, cakes, biscuits, pies, and sandwiches. Our client previously offered an outside catering service which increased the turnover. Due to recent health problems our client hasn’t done much outside catering for a while but there is huge scope to push this side of the business.
The premises have a well-equipped bakery and shop floor.
The Bakery operates 7 days per week and generates a turnover in the region of UGX170m per annum, with a good gross profit.
We feel there is scope to increase the turnover. A new owner could push the delivery service to local businesses and embark on a modest marketing campaign to promote the goods offered. The business would further benefit from the launch of a website and social media to advertise the business.
This is an excellent opportunity for a new owner to take this already thriving business with growth potential to the next level; therefore, early viewing must come highly recommended.
The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade. The area of the business is well served by the public transport system, with several taxi stops within easy walking distance of the property.