Popular Bakery Business in Kings Cliffe
- Asking Price: £489,995 +SAV
- Turnover: The business currently operates 6 days per week and generated a turnover of £233,572 as per 2016 accounts with a gross profit of approximately 60%.
- Tenure: Freehold
Hilton Smythe is delighted to welcome to the market this well-established and popular bakery business in Kings Cliffe, near Peterborough. The business was originally established in the 1700s and our clients’ have run the business for 30 years. Only now is the business being offered to the market, due to our clients’ desire for a well-deserved retirement. The business currently operates 6 days per week and generated a turnover of £233,572 as per 2016 accounts with a gross profit of approximately 60%. Our clients’ produce a wide range of goods including a variety of breads such as old fashioned fluted (milk loaf), multi-seed, wholemeal, malt-crunch, sunflower and pumpkin loaves, to name a few. There are also a variety of cakes, such as a Paradise Slice, Eccles cake, and a range of buns. The bakeries bread is available from shops, post offices and newsagents around the area, as well as being served in many restaurants and pubs in Stamford, Oundle and Peterborough. The bakery offers 58 sq. metres of floor space, is very well maintained and equipped to a very high standard. To the ground and first floor is the owners’ accommodation, comprising of a large lounge, fully fitted kitchen, a family bathroom and three bedrooms. With the last 12 months we are advised the business has received a full re-wire and damp-proof course has been completed. A new conservatory has also been added. The business has built up an excellent reputation within the area, and further afield, for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent range of goods offered. We also believe it would also benefit from the launch of a website to promote the business. This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
The business is owner run and managed with 6 x part time staff members.
The business is open: Monday – Saturday: 7.00am – 12.00pmSunday: Closed
Kings Cliffe Bakery occupies substantial two-storey premises, ideally located within the quaint village of Kings Cliffe, Peterborough, Cambridgeshire. The business is surrounded by a mix of commercial and residential properties, from which the business derives much of its trade. The bakery is situated on West Street and benefits from a good volume of footfall and passing trade, as well as on-street parking facilities to the front of the premises. The business is a great investment opportunity. Kings Cliffe is a village and civil parish on Willow Brook, a tributary of the River Nene. According to the 2011 census, the village had a residential population of 1,202. Peterborough is a cathedral city, situated 75 miles north of London. The city stands on the River Nene, with an estimated residential population of 184,500. The city is a popular place for tourists and culture lovers, with several museums, exhibitions and historical attractions, including the beautiful cathedral. The city is also a shopper’s paradise with popular places such as Bridge Street, the Queensgate Centre, the covered market, Westgate Arcade and the Rivergate Shopping Centre. Peterborough is an excellent place in which to live and work as it combines the very best of a modern, thriving city with all the traditions and culture of a town rich with historical past. The city has a range of restaurants, bars and clubs to suit all tastes, as well as two theatres and a range of sports facilities. The area of the business is served by the public transport system. The nearest railway station is Stamford, which is approximately 8 miles away. The area is also well served by the A-roads, with both the A47 and A43 being within easy driving distance, which link to the national A-road and motorway networks. Peterborough is approximately 14 miles away and Corby is 10 miles away.
Substantial two storey property, in a prime trading location, briefly comprising: Lower ground floor with: Large cellar, which is accessed from the internal passageway. Ground floor with: Main shop area with: Traditional serve over counter.Electronic cash register.Sealing machine.Bread slicer.Bread trays.Hot cabinets.Labelling machine.Original oven (no longer in use). Bakery with: Dough mixer.Bun devider.Microwave oven.Mixer.5 x deck baker’s oven.Upright refrigerator.Refrigerator/freezer.2 x spiral mixers.Prover.Pie machine.5 x large stainless steel preparation tables.Sink unit.Hand wash basin.Bug zapper.Racking with baker’s trays.Store room with 2 x freezers. Brand new conservatory.Fully fitted kitchen with appliances.Lounge with original feature fireplace and access doors from the dining room and inner passageway.Dining room with stairs to first floor.WC with wash hand basin.Utility room with storage cupboards. First floor with: Office/landing area.Double bedroom, currently used as a sewing/craft room.Double bedroom.Master bedroom, which is a large double room.Family bathroom with bath, separate shower cubicle, wash hand basin, WC and airing cupboard. External with: Gated drive to the rear of the property for 3 x vehicles and space for one more on the drive.On-street parking.Main shop entrance.Owners’ accommodation entrance. The property is Grade II listed. The premise has recently received a full re-wire and a full damp-proof course has been completed. The business also has two delivery vans included within the sale.
We are advised Freehold.