Traditional Family Bakery In A Fantastic Location
- Asking Price: £100,000 +SAV
- Turnover: We are advised the turnover for the business is around £222,000 as per 2015 accounts, with a gross profit of 31%
- Tenure: Leasehold
Hilton Smythe are delighted to welcome to the market Tilleys. This traditional bakers is well established, set up by our clients 28 years ago. The business is very popular within the local area. Our clients are now looking to sell the business due to a well-deserved retirement. The bakery is renowned in the area for their delicious ranges of cakes, breads and celebration cakes. The business also offers other products like sandwiches hot and cold, pasties, sausage rolls, biscuits and drinks. With a large amount of repeat custom, our clients have worked hard to build up the reputation of the business. The business is generating a healthy advised annual turnover of £222,000 as per 2015 accounts, with a gross profit of 31%. The business could benefit from a website, to show off products and their celebration cakes. Having an online ordering system could help generate more sales. The business could also open on a Sunday, to increase the footfall in the store. They could also benefit from a delivery service around the town for businesses and private orders. This business has a brilliant turnover and is an excellent opportunity for a new owner to take this already thriving business which is fully stocked. An early viewing is certainly highly recommended.
The business is run and managed by our clients with the help of 1 baker and 5 part time members of staff.
Business opening times- Monday-Saturday: 7am-4:30pm Sunday- Closed
Tilleys is a well-known bakery in the town of Hythe in Hampshire. Set on the very busy Marsh Parade, the business is well served with passing trade, and main bus routes through to Southampton City Centre. Marsh Parade is opposite one of the major ferry terminals so there is always a high constant flow of footfall in the area. The business thrives off people travelling on the ferry who are wanting a quick lunch or snack for their journey. The town centre location, means there is a lot of other retail stores surrounding the business. Including several other eateries, charity stores, banks and other stores. This lock up terraced property benefits from parking right outside the store. This town is very traditional with the large historic Saint Johns Church. The store fits in well with the area, and is a great opportunity for anyone who would like to take on a well-established business, in a fantastic area.
The front of the store is well presented and has a clear visible sign, with a fabulous window display of products. Ground floor front of shop. 1 x electric bag zapper.2 x double width serve over chillersFully racked display section to front windows.1 x Pepsi branded upright full height chiller.1 x Walkers branded 8 tier crisp display. To rear of servery area are the following:-Full width wooden purpose built low level cupboards (open fronted)1 x triple shelf glass fronted hot cupboard/server (sausage trolls etc.)1 x upright (unbranded) hot drink dispenser.1 x Moulinex branded OPTIMO microwave. 1 x Zanussi branded upright fridge freezer – 60/40 split.Several black plastic cabinets holding cake decorations, 18, 21 etc. Rear of the shopWooden table with Formica surface and under storage.1 x Electroway branded twin electric ring table top hob.1 x two slice toaster unbranded.1 x stainless steel kettle unbranded. 2 x Foster branded stainless steel upright fridges – (1 x unused).1 x MONO low level stainless steel high speed mixer.2 x Hobart branded multi speed mixers.1 x BOSCH branded fridge freezer 50/50 split.1 x COOLZONE branded single height freezer1 x steel cooling rack on wheels1 x unbranded electric dough dividing machine1 x four tier bread oven (3 tiers only used) Various stainless steel prep tables and other cupboards and cabinets.1 x stainless steel pot wash sink with left hand drainer.1 x oval shape porcelain hand wash basin.1 x Norfrost branded single width chest freezer. To the back of the store is a door leading to the rear yard.
We are advised that the business is leaseholdA new lease is available for anyone who purchases the businessRent £8000 per annum