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Freehold £165,000 +SAV
Leasehold £46,000 +SAV
Hilton Smythe welcomes to the market L Smith Bakers. The business has served the local community for over 60 years and has been owned by the owner for 40 years. The business has an excellent reputation for quality of goods and services in this location.
The bakery is well known for its excellent range of products, they sell sausage rolls, homemade pies with various fillings, bread baps and barms, fresh cut meats, hot breakfasts, a beautiful selection of cakes, tarts and sweets. As well as a variety of hot and cold drinks. The business is well known locally for its excellent pork pies. The bakery has a large amount of trade for lunches, due to its great location.
The business is currently generating an advised turnover of around £156,000 per annum, with a gross profit of 51%. This is a great turnover, however, we feel this could be increased further. The new owner could look to offer an outside catering service and delivery service, this would be a great extra to the bakery and would complement the trade well.
On the first floor there are currently two storage rooms. There is scope for the purchaser to convert the first floor into a flat, this could be let out for an extra monthly income.
This is a fantastic Freehold opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
L Smith Bakers is located in Oldham, Greater Manchester.
Set on the main road B6194, just outside the busy town centre of Oldham. The business is surrounded by a large amount of residential housing, from which the business receives a generous amount of loyal trade. There are several local schools close by, from which there is also a lot of custom.
The retail parade on which the bakery is located has a vast range of independent businesses, there is a hair salon, takeaway, fish and chip shop and more. To the front are free car parking bays, there is also parking in the side streets.
The road on which the business is located is a cut through that heads into Ashton-Under-Lyne. Oldham is a busy town with colleges, a university, shopping centre, theatre, a plethora of shops, restaurants, bars and pubs.
There are good road connections as well as great public transport. There is a bus stop a short walk away from the business, and the closest train station is a short 10 minute drive away in Ashton-Under-Lyne. This allows for easy commuting to surrounding towns and cities. Rochdale, Manchester and Stockport are all just a short drive away.
L Smith Bakers is situated in the centre of a retail parade, this is a well-presented property that looks highly inviting. There is a large window across the front, this is used for eye catching window displays, it also allows for a bright and airy retail space.
The main shop is filled with a variety of foods, there is fresh bread on shelving, on the right hand wall and two glass fronted serve over chillers for cold food. There is a large pie warmer on the counter.
Equipment included in the sale, is as follows-
Rico 42 coffee machine
Cold double chiller for cooked meats milk and sandwich fillings
Double glass serving counter with homemade cakes
Shelving to rear with homemade bread buns baps and speciality bread
Through to the rear is the preparation area, this is a great space that is filled with all relevant equipment.
Salad bar cooler
2 Large stainless steel preparation area
There is further space, just off the preparation room, this has a hand wash sink with drainer and further equipment-
Hand wash sink
From this room there is a door leading to the rear yard. In the yard is an outside bakery area, this comes fully equipped and is brick built.
Stainless steel sink
Pastry roller machine
Stainless steel preparation area
3 x pie ovens
3 x large ovens
There are some separate storage areas on the first floor, there is a storage room and a freezer room. There is also a bathroom, this space could be transferred into living accommodation, if required.
We are advised the business is being sold as a Freehold opportunity.
A Leasehold option is also available for negotiation.
The business opening hours are: -
Monday – Friday: 7am – 4pm
Saturday: 7am – 2pm
The business is run and managed by our client, with the help of five members of staff.
The business generates a turnover in the region of £156,000 per annum.
Gross profit 51%