For Sale
Highly Rated Baguette Shop In Bridgend
Bridgend, Mid Glamorgan
- Asking Price: £114,995 +SAV
-
Turnover:
We are advised as per the 2022 accounts, the business generated a turnover in the region of £305,000. Full financials can be made available upon further request.
- Tenure: Leasehold
Please quote reference B07150
Hilton Smythe are delighted to welcome to the market Harrys Baguette Shop, a highly rated Baguette Shop in Bridgend, Glamorgan.
Harrys Baguette Shop was originally established in 2001, before our client took ownership in 2020. During that time, the business built up an excellent reputation during its time of trading. As seen by the online ratings and reviews, the business is extremely popular within the local area.
The business has now come to the open market due to our clients desire to focus on their other business.
The sale of the business includes 2 sign written vehicles (Toyota Ago). They are used by the drivers to deliver and they are both paid for.
Key selling points -
- Excellent location
- Well established with an outstanding reputation
- Staff in place
- Huge scope for expansion
- Orders taken via Just Eat, Food Hub, Telephone and their own website
- Push advertising/marketing
- The area is always wanting the shop to be open later. They get asked all the time to trade 8am-10pm.
We are advised that the business is run and managed by our client, with the help of 15 part-time members of staff.
The current trading hours are -
Monday to Friday - 8:00am - 4:00pm
Saturday - 9:00am - 4:00pm
Sunday - 9:00am - 5:00pm
Harrys Baguette Shop is located on Bridge Street, in Kenfig Hill, Bridgend.
The business has eye catching signage and receives high levels of footfall and passing trade.
There is a bus station right outside the shop. The exposure to locals it’s extremely good.
Occupies a double fronted premises on a busy road.
Entrance to the serving counter area, glass display fridge. Kitchen/Preparation area to the back of the unit.
The premises benefit from ample parking drive way out the back (3 vehicles) as well as front of the shop - for the drivers as well as customers.
The shop front( widows, doors, awning) are brand new. They’ve been fitted in 2021.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 8 years remaining on the 10 year lease. The rent is £925 per month and has no business rates.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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