Bakery in Luton For Sale

Business description

Bag a Business Ltd feels this is an excellent opportunity to purchase a fully equipped and very spacious and well presented bakery with huge potential, which lies in a thriving commercial environment.

There is the added bonus of three bedroom living accommodation with full facilities, which is presently rented out and provides a rental
income which is not included in the financial details below.
This business has been established for over 25 years our client and his partner having owned it since 2005. Due to other business interests our clients have been forced to place the business on the market.

Our clients provided freshly baked bread, rolls, cakes, fresh cream cakes, a huge selection of sandwiches and baguettes as well as soft drinks and other pastry products including hot pies.

The concern is hugely successful locally and enjoys an excellent turnover and financial profile.

Due to various reasons our clients have been unable to take advantage of the full potential of the business and therefore the turnover and profits could be hugely increased (by up to 50%) by the introduction of a delivery service and local marketing especially to capture the commercial market. Also there is a huge demand for Asian products such as samosa and onion bhaji within the locality which would prove to be extremely popular.

The business is run by the two owners working on a full time basis along with one other full time member of staff and 12 part time staff.

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
ORIGINAL LENGTH: 13 years.
REMAINING: 12 years.
REVIEW: Every 04 years.
RENT: £12,500.00 per annum

Living accommodation:

PROPERTY DETAILS Ground Floor Large glass double fronted unit with large canopy Main service counter area and customer display counters Fully shelved 2 Large display counters 1 Hot pie display unit Microwave Large cold drinks fridge To the rear large preparation area fully equipped Oven, moulding machine’s, mixer, dough machine Large commercial freezers Bread slicer’s Preparation table Further to the rear is an additional preparation area fully equipped wash area Separate ladies and gents toilets First Floor 3 bedroom flat Kitchen Lounge Bathroom External Large courtyard area to the rear Parking facilities

Location:

This business is located on a main arterial road in a commercially thriving suburb of Luton. It is surrounded by a densely populated residential area and is ideal for this type of concern.

The business forms a large road of commercial properties.

Luton town centre is only 2 miles away and the area is very well linked by the M1 motorway which leads to the M25

Other information

Trading hours:

Mon – Sat: 07.00am – 4.30pm Sun: Closed

Financing available:

SBS Commercial have available full financial packages for purchasers

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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