Excellent Bakery and Retail Shop for Sale
- Asking Price: £345,000
- Turnover: The business reports a fantastic turnover in the region of £313,000 with gross profit of circa 38%. The wages bill is circa £107,000 per annum.
- Tenure: Leasehold
Hilton Smythe is delighted to introduce to the market Judith's Bakery Limited. This highly successful business was originally founded by our client over twenty five years ago and has an enviable reputation for its high quality produce and benefits from much repeat trade. The Bakery is very well equipped and benefits from a popular shop to the front selling the wide range of produce including a fantastic variety of breads, rolls, cakes, hot and cold pies and savouries, hot breakfast rolls, pizza and quiche. There is also a delicious range of cakes and sweets. The business is also well known for its hand crafted celebration cakes. The business produces a fantastic turnover and included in the sale are three delivery vans. Two of which are used for regular sandwich orders to businesses within a 20 mile radius. The other is used for wholesale deliveries and collections. Additional revenue is generated from a well maintained flat situated above the business, currently yielding £400 a week, but could be used as owner's accommodation if required. We are advised a leasehold option is available at £49,999 + SAV, rent and lease terms are to be negotiated, with the flat above the bakery is to be rented separately. This is a fantastic opportunity to purchase this long established profitable concern which genuinely comes to the market as our client looks towards a well-deserved retirement.
The business is owner run and managed with the assistance of 7 members of staff.
The business opens:- Monday to Saturday 7.30am - 3.00pm
The business is located in the bustling market town of Bridgwater, Somerset. The business sits within a busy retail parade just off the town centre in a densely populated residential area. The business is well positioned on a main road with a pedestrian crossing directly to the front and is clearly visible with a brightly coloured canopy. The train station is just a short walk away. Bridgwater is located just off the M5 motorway between Taunton to the south and Weston-super-Mare to the North. The area has a population of around 35,880.
Mid parade terraced premise briefly comprising:- Retail area housing two large glass display cabinets with produce on display. Additional tall glass fronted display unit for celebration cakes. The window has shelving displaying the daily range of breads and cakes and a large shelving section behind the counter for further goods. Two soft drinks chillers, bread slicing machine and till. To the rear of the shop is a substantial preparation room. This has a counter space to prepare sandwiches and tabletop sealing machine. Off the bakery is a dry store area with stairs to a small upper room which could be used as an office. The shop is well lit, with a lit window with new blinds and canopy. The bakery is large and open plan with commercial graded equipment installed including:- 3 proving ovens, 1 donut fryer, large brick lined double deck gas oven, 4 level electric oven, 2 mixing machines, 3 table top mixing machines, 2 microwaves, double door stainless steel freezer. Ample stainless steel work surfaces and tray racking. Large walk in chiller with condenser. To the rear is a smaller room with 3 chest freezers and 1 upright freezer. Toilet facilities. Access to the rear of the buildings where there is a separate lockable garage for up to 4 vehicles, plus plenty of off street parking. The vehicles are a Renault Kangoo and two Suzuki Vans. Access to the flat is via the shop or a separate entrance. The accommodation is split over two floors. On the first floor is the large fitted kitchen with built in fridge/freezer and two double bedrooms. The second floor houses a further double bedroom with fitted wardrobes and family sized bathroom. The flat is very well maintained and decorated to a high standard. The business benefits from a recently installed roof.
We are advised Leasehold.As of 2016 we understand there are 173 years left on the lease.