For Sale
Large Traditional Takeaway Bakery
Forfar, Angus
- Asking Price: £95,000 +SAV
-
Turnover:
FINANCIAL PROFILE ON REQUEST
- Tenure: Leasehold
CoGoGo are delighted to bring to the market The Wee Bake Shop, a traditional sandwich bar that offers a substantial takeaway menu including the “classic” breakfast, rolls both hot and cold, sandwiches and hot and cold beverages.
The Wee Bake Shop is also renowned for its excellent home baking and produces on a daily basis its own homemade pies, sausage rolls, soups and an outstanding selection of cakes. All this has led to an enviable reputation with many repeat customers; the business further benefits from offering a delivery service to some of the local businesses including the local council.
The business has now been placed on the market for sale after 15 years of ownership as our client looks to relocate.
While enjoying a good level of turnover there is scope to further increase this by undertaking a robust marketing campaign via local press advertising, radio adverts, the introduction of a dedicated website, use of social media, along with a further push on event catering for parties, functions etc and reviewing the opening hours to accommodate weekend trade.
A genuine opportunity to acquire a thriving, well run business. Early viewing comes highly recommended.
The business is run and managed by the current owner along with 4 members of staff.
Monday to Friday: 08:00 – 15:00
Saturday: 08:00 – 14:00
The Wee Bake Shop, is located in the market town of Forfar (DD8).
The business occupies a prime trading location on West High Street resulting in a high volume of footfall and passing trade, the location also benefits from ample free parking surrounding the business.
Forfar is a county town in Angus, Scotland with a population of roughly 14,500 and is the administrative centre for Angus Council.
The town is well serviced in terms of local amenities and enjoys a leisure centre, swimming pool, golf course, an Academy along with a primary school and a professional football team playing at Station Park. The town once a major textile centre was bypassed by the A90 dual carriageway linking Aberdeen and Dundee resulting in excellent commuter links to both cities.
The business is located in a traditional stone built 2 story end of terrace commercial property and benefits from being extremely well fitted out to a high standard offering flexible and functional working space.
Ground floor front shop briefly comprising, public entrance in to customer service and waiting area and a food preparation area. Service area equipment includes:
- 2 x glass fronted refrigerated deli style food display units with serving counter
- Electronic till
- Ordering point
- Further separate chilled drinks display unit
- Large walk in refrigerated storage unit
- 6 burner gas hob with double oven
- Bread oven
- Pie oven
- Turbo fan oven
- 2 pot Bain Marie
- Dough mixer
- 2 x meat slicers
- Freezer storage units
- 5 x soup tureens
- Extraction system
First floor accommodation offers a highly functional addition with a large general storage area along with a fully furnished private administration office.
Externally the premises are well presented and highly visible with feature window display area along with ample free on street parking.
Tenure
We are advised that tenure is offered on a Leasehold basis.
A new 5 year lease has been granted as of 2017.
Rent of £750 per month.
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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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