Archived
Well established traditional Bakery business for sale
LONGFIELD, Kent
- Asking Price: £49,995 +SAV
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Turnover:
We are advised as per the 2019 accounts, the business generated a turnover in the region of £285,000, with an adjusted net profit in the region of £52,000. Full financials can be made available upon further request.
Please quote reference B06415
- Tenure: Leasehold
Please quote reference B06415
Hilton Smythe is delighted to welcome to the market Henry’s Bakery, an extremely well-established and popular traditional Bakery, located in Longfield, Kent. The Bakery was originally established in 1969, and has been a family run concern since establishment, only now is the business coming to the market due to retirement.
The Bakery offers a variety of traditional fayre including breads, pastries and sandwiches, along with being well known for their selection of freshly baked cakes and croissants. The business also offers a made-to-order birthday cake selection.
The bakery operates 6 days per week and generates a turnover in the region of £290,000.
The sale of the business includes -
- Over counter chiller
- Commercial ovens
- Prover
- Mixers
- Pie block
- Bread trays and racking
- Drinks fridge
- Commercial fridge & Freezer
- Ample stainless steel work space
The business has built up an enviable reputation within the area for the high quality of the products offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
The Bakery has an excellent reputation locally and further afield. Our client is offering a handover period to ensure the continued success of the business.
The shop is fully staffed therefore, the purchaser doesn’t necessarily need to be a baker, but would benefit from organization and management skills.
There is also a 2 bed flat above the shop, which could be used as living accommodation or rented out to a tenant, the flat is currently occupied by a long serving tenant.
We feel there is scope to increase the turnover. A new owner could increase the wholesale side of the business and embark on a modest marketing campaign to promote the goods offered.
This is an excellent opportunity for a new owner to take this already thriving business with growth potential to the next level; therefore early viewing must come highly recommended.
We are advised that the business is owner run and managed, with the help of 5 full-time and 5 part-time.
The business hours are -
Monday – 07:00 – 17:00
Tuesday – 07:00 – 17:00
Wednesday – 07:00 – 17:00
Thursday – 07:00 – 17:00
Friday – 07:00 – 17:00
Saturday – 07:00 – 16:00
Sunday - Closed
The Bakery is located at Station Road, Longfield. Centrally located within a busy shopping parade, surrounded by a wealth of complementary shops and businesses. The area is easily accessible via public transport with bus stops within the proximity. Longfield station is just a 3 min walk down the road.
The business benefits from 1 hour free parking on the road, along with free parking a short walk away.
The area links to the M25 via the B260/A2.
The premises are well positioned on station road, with excellent eye-catching signage and space at the front for external seating.
The retail shop is fully fitted to a high, modern standard with bread display racking, drinks chiller and over counter displays.
Above the premises is a 2 bed flat, which was initially used as living accommodation for the owners, it is now rented out at £160 per week. The tenant has been there since 2015, therefore giving the option of keeping the tenant or utilising as living accommodation.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 4 years remaining on the 15 year lease. The rent is £1,383 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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