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Established Family Bakery - Romford For Sale

Romford, London, UK
Asking Price:
£50,000 Furniture / Fixtures included
Sales Revenue:
£54,000
Cash Flow:
Available on request

Main Road Trading Position
Projected Annual Turnover £54,000
Further financial Info Available After Viewing
Ill Health Sale
Repeat Customer Base
Fully Equipped
Superb Reputation
Excellent Online Reviews
Five Star Food Hygiene Rating
Scope For Deliveries
Potential To Expand Menu
EPC - D

REF 7562 – Leasehold Family Bakery

Blacks Brokers are pleased to bring to the market this leasehold family bakery located in Romford, Essex.

INTRODUCTION

Cob's Bakery (formerly The Bakery) has been trading from this busy main road location for over twenty years – our client took ownership in July 2020 and rebranded as Cob’s Bakery. The business offers a variety of freshly prepared sandwiches, cakes, pies and deli items. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Cob's Bakery has a comprehensive website in place and offers catering services in the local area.

LOCATION

Cob's Bakery occupies a main road trading position within a pedestrianised parade of independent shops. The area is densely populated residentially and there are also a number of other local amenities nearby including schools and convenience stores. The area is well linked by the M25, M11 and A12 with very strong public transport links and parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but sadly due to our client’s ill health, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is an eight year lease which began in 2020 at a cost of £173 per week.

STAFF

The business operates with our two clients in full time employment supported by a family member and part time member of staff.

FINANCIAL DETAILS

Cob's Bakery has traded well since our client took ownership with increasing turnover month on month since Covid restrictions lifted and our client has established a strong repeat customer base. We are advised that the business has a projected annual turnover of £54,000 with strong gross profit. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This well known business occupies an enviable trading position in a highly sought after residential area of Romford. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of local delivery services and longer opening hours. A new owner may look to implement a strong marketing drive in the local area to boost outside catering even further. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - FRI: 08:00 - 15:30
SAT: 08:00 - 14:00
SUN: CLOSED

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