For Sale
Highly rated sandwich shop for sale
Bolton, Lancashire
- Asking Price: £234,999 +SAV
-
Turnover:
We are advised as per the 2020 accounts, the business generated a turnover in the region of £98,000. Further financials can be made available upon request.
- Tenure: Freehold
Please quote reference B07317
Hilton Smythe are delighted to welcome to the market Settle's Bakery, a highly rated sandwich shop in Horwich, Bolton.
Settle's Bakery was first established in 1966, and has been under our clients ownership since 2017. The business is extremely popular within the local area, building up an excellent reputation and regular customer base.
The business has now come to the open market due to our clients wish to pursue a change of direction.
The business runs as a sandwich shop, bakery and convenience store. The store sells an excellent variety of confectionery products, Alcohol and Tobacco.
The business enjoys great reviews such as;
- “Wide variety of breakfast food, bacon, sausage,eggs and cold sandwiches with lots more, even Caribbean food which comes with rice and peas”
- “Hot breakfast barns, pies, curries, filled rolls. Plenty of choice. Just fancy a drink? They’ve got that too, hot or cold. And if you fancy a sweet treat, they also sell cakes”
- “Amazing service, kind and friendly staff and delicious food!! 100% recommend, definitely visiting again. Such an amazing bakery!”
- A well established business with an enviable reputation and many existing customers
- Prime trading position with free parking nearby
- Current owner happy to offer a handover to ensure the continued success
- Includes owners living accommodation or rental opportunity
- Ideal owner managed or partnership business
- All fixtures, fittings and equipment included making this a real Turnkey business opportunity for a lucky new owner.
- Advertising and marketing campaign. A local leaflet drop often yields good results
- Extend the opening hours
- Maximise the use of social media
- Introduce a sandwich round delivering to local businesses at lunchtimes
- Develop an outside catering arm to the business
We are advised that the business is run and managed by the owner, with the help of 1 part-time member of staff.
The current trading hours are -
Monday to Friday – 8:00am – 4:00pm
Saturday – 8:30am – 2:00pm
Sunday - Closed
Settle's Bakery is located on Chorley New Road, in Horwich, Bolton.
The business has eye catching signage and receives high levels of footfall and passing trade, benefiting from being within walking distance of the Bolton Wanderers football stadium.
The business boasts a corner property at the end of terraced houses. The property is well-signed with a large window to the front, this allows for a bright and airy retail space. At the front of the bakery there is a seating area for customers.
On entrance is the main retail space. There is perimeter shelving with display racks, an open front drinks chiller, large glass serve over chiller and an ice cream serve over chiller.
Behind the serve over chiller is the service area. There is a cigarette gantry and shelving for alcohol. This area has a work top unit with cupboards and a fridge. The counter top has a till, coffee machine, other equipment for making coffees and pie warmers. From the ceiling hangs a menu board.
To the rear of the property is the bakery which is fully equipped.
There is a separate kitchen with base units a stainless-steel sink, fridge and a microwave. Located at the back of the property is a staff toilet. A separate store room comes with an upright freezer and two fridges.
On the first floor of the property there is an owner’s accommodation. This has a kitchen, lounge, two double bedrooms and a bathroom. The accommodation has a separate entrance to the side of the property. The flat is currently let out.
Tenure
We are advised that the business is being sold on a Freehold basis. Our client has also advised that a leasehold option may be considered.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
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
Rates may differ as they are dependent on individual circumstances. Subject to status.
