Leasehold Traditional Bakery Suffolk For Sale

Business description

Bag a Business Ltd is pleased to offer for sale this traditional bakery business together with its two retail outlets which our client is placing on the market in order to retire.
The business was established over 25 years ago and has been run successfully by the vendor since 2000.

The on-site bakery is situated to the rear of one of the two shops and produces a wide range of morning goods including bread, buns, rolls Danish pastries etc. In addition to the shop sales they also supply goods on a wholesale basis to sandwich shops; pubs; restaurants and hotels within a 10 mile radius. The ratio of sales is approximately 60% direct and 40% wholesale.

This is a niche market business with no other similar bakeries within the town and their nearest competitor is situated some 15 miles away.

The vendor manages the business with the assistance of two full-time and one part-time member of staff in the bakery together with 4 part-time workers and Saturday girls in the retail outlets. He runs the business at a pace to suit his requirements and currently undertakes no advertising and we feel that with a more proactive approach there is considerable scope for growth.

We believe that the business would appeal to anyone seeking a profitable bakery with scope for expansion. Early viewing is highly recommended.

Property information

Property:

Leasehold

Lease terms:

Premises 1
TENURE: Leasehold.
ORIGINAL LENGTH: 10 years.
REMAINING: 4 years.
REVIEW: Every 10 years.
RENT: £9,800 per annum.
Premises 2
TENURE: Leasehold.
ORIGINAL LENGTH: 5 years.
REMAINING: 5 years.
REVIEW: Every 5years.
RENT: £11,500 per annum.

Living accommodation:

Main premises Ground floor lock up briefly comprising: • Double fronted retail area. • Till and point of sale counter. • Full range of product display shelves. • Drinks chiller cabinet. Doorway to bakery complete with: • 2 x Provers. • Chandley 5 deck/15 tray oven. • Doughnut fryer. • 2 x Bread moulder. • Roll/bun moulder. • Spiral mixer. • 20 quart mixer. • Pastry break. • Microwave. • Walk in freezer. • Upright freezer. • Thick cut bread slicer. • Fridge. • Single chilled retarder. • Double chilled retarder. • Range of trays and racks. Second premises: 2 storey purpose built retail outlet with 2 bed flat above – currently let at £550/month, briefly comprising: • Double fronted retail area. • Till and point of sale counter. • Full range of product display shelves. • Drinks chiller cabinet. Doorway to • Work/staff room with sandwich prep tables etc. • Store room • Ladies & gents w.c. External • 2 x parking bays

Location:

The business operates from two premises both of which are located in good trading positions adjacent to densely populated residential areas of this bustling and expanding Suffolk market town. Both shops have the added benefit of free local parking and one has a two bed flat above for sub letting or owners accommodation.

Other information

Expansion potential:

The vendor runs the business at a pace to suit his requirements and currently undertakes no advertising and we feel that with a more proactive approach there is considerable scope for growth.

Competition / Market:

This is a niche market business with no other similar bakeries within the town and their nearest competitor is situated some 15 miles away.

Support & training:

As required from the vendor

Reasons for selling:

Retirement

Trading hours:

Shops Mon – Sat: 7.30am – 5.30pm Bakery Sun - Fri: Nights with variable hours

Financing available:

Brokers can be introduced via the selling agents