8697PE BAKERY & SANDWICH BAR L/H £450,000
Asking Price: GBP
450000
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| Business Location: |
United Kingdom » Cambridgeshire » CAMBRIDGESHIRE |
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| Category: |
Food » Retailers |
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| Description: |
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Advent Business Sales is delighted to offer to the market this pair of extremely well established bakery shops.
The shops, which have been trading successfully for over 9 years, have been in the careful hands of the current owners for around 4 years and are only now being sold due to retirement.
This has provided an excellent opportunity to purchase a business with such a healthy level of weekly takings which average approx £8,000.
The shop sales at St Neots are approx £2,000 per week and wholesale is approx £3,500 per week. The sales at the Bedford shop are approximately £2,750 per week.
The bakery obviously works nights to have the product ready for the next days trade. Its equipment briefly includes:
• Baker perkins dough mixer
• Escher dough mixer
• Electro dahlen 5 layer break oven
• Large upright double freezer, fridge and microwave and foster retarder fridge
Both shops sell a good range expect including:
• Range of breads, cakes and scones
• Savouries
• Sandwiches, freshly prepared to order
• Hot and cold drinks
• Special occasion cakes in various shapes to suit
St Neots
• 2 double glass display chillers,
• A single soft drinks chiller,
• Bread slicer,
• Executor,
• Table and chairs for use outside,
• Hot savoury display
• Crisps display.
Bedford
• 3 double glass display chillers
• 2 bread racks
• Crisp stand
• Coca Cola double door soft drinks chiller
• Microwave
• Hot savoury display
• Hot potato
• Oven with sauce dishes
• Bread slicer
• Sandwich wrap
• Wedding cake display
Included in the sale are 2 delivery vans:
‘04’ plate Ford transit & ‘07’ plate Citroen Relay
We are advised that stock at cost is approx £30,000.
Our client’s may also be prepared to sell each shop separately.
STAFF DETAILS
St. Neots employs five full time and seven part time members of staff and are responsible for baking the majority of the products sold in both of the shops. The Bedford shop has 2 full time and 1 part time employees.
TRADING HOURS
Mon – Sat: 8.00am – 4.00pm
Sun: closed
BUSINESS PREMISES
St Neots:
• Electrically operated roller shutter door.
• Side window displays with a centre opening door into the serving area, with glass display chillers with product, soft drinks chiller
• Till, range of bread displays on racking
• Well tiled floor and good decorative order throughout.
• Outside table and chairs
• Stainless steel preparation benches
• Through to bakery area with full range of equipment and racking
• W/c at rear of bakery
External
• Outside rear car park and container for dry stores.
Bedford:
Very well presented an in excellent decorative order.
• Side window displays with low level solid panels.
• Centre door leading into the main serving area
• The shop is partitioned to create a rear small enclosed kitchen and stores area which includes 4 ring electric cooker, under counter fridge, upright freezer, stainless sink/drainer, w/c and rear exit.
• The shop has a row of display chillers with wall hung bread display racks to the rear of them.
• The opposite wall has soft drinks chillers, cake display rack and a bread display rack.
• The end of the shop has a sandwich preparation area and till to the rear of a chiller with various sandwich fillers from which a customer can choose.
Both shops were completely refurbished in 2004 when most of the equipment was replaced new. We are informed that the total cost was approx £240,000.
Bedford
TENURE: Leasehold
Original lease: 25 years
Remaining lease: 21 years
Review every: 5 years
Rent: £23,476 P.A.
We are advised that the annual business rates are currently: £7,220 P.A.
St Neots
TENURE: Leasehold
Original lease: 25 years –
Remaining lease: 4 years
Review every: 5 years
Rent: £11,000 P.A.
We are advised that the annual business rates are currently: £4,520 P.A. |
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| Financial Information: |
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| Annual gross sales: (GBP) |
N/A |
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Yearly Revenue: (GBP)
Total yearly sales revenue |
364000 |
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Net Profit: (GBP)
Total profit before taxes |
N/A |
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| General Information: |
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| Business Area: |
Both of our client’s shops are ideally located in busy shopping parades in affluent and expanding areas. |
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| Year Established: |
1999 |
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Is Relocatable?:
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No |
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| Business closed or an asset sale : |
No |
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| Is Home based business?: |
No |
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| Real estate status: |
No |
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Market competition and expansion:
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Both shops have excellent sales but these could be increased vastly if there were to approach more wholesale customers.
They could also put more table and chairs outside the premises and offer cold buffets to local businesses. |
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