Leasehold Bakers Confectioners In Devon For Sale

Business description

Preferred Commercial is delighted to offer for sale this thriving well-established and profitable bakers and confectioners. The business has been in our clients' hand since they established it in 2002. The bakery is fitted to a very high standard and benefits from an excellent weekly turnover of approximately £6,400 with a gross profit of 46% on shop sales only. There is huge scope to develop outside catering, wholesale and deliveries, giving a new owner the potential to, in our opinion, more than double the turnover. Our clients employ 6 members of staff with a weekly wage bill of £1,100. The property has been maintained to a very high standard, boasting a bespoke shop front fitted in 2005 and a wealth of equipment that every busy bakery needs. The business further benefits from 2 x 2-bedroom self-contained flats that can be added to the lease and can either be rented out or used by the new owners. Businesses of this quality seldom come to the open market and early discussions with Preferred Commercial must come highly recommended as does viewing.

Property information

Property:

Leasehold

Lease terms:

Original length: 13 years
Remaining length: 5 years
Review: every 3 years
Rent: £8,000 per annum excluding flats

Leasehold rent:

£8,000 per annum

Living accommodation:

Possible Living Accommodation The vendors have informed us that 2 x 2 bedroom flats can be incorporated in the lease at a rent of £315 per month each and can provide living accommodation or rental income, this can be discussed with the landlord once an offer for the business has been accepted.

Location:

Oliver's bakers and confectioners is situated in a busy high street location surrounded by complementary businesses. Established by our clients in 2002, the business has fast become a well known and highly regarded bakers that draws its trade from the wealth of local and passing traffic this high street location provides.

Premises details:

Substantial single fronted, lock up premises in a busy high street location with impressive bespoke shop front leading to sales area with 2 stainless steel serve over chiller units, 1 stainless steel heated serve over, 1 ambient stainless steel serve over, electronic cash register, cake display, stainless steel display unit, bread rack behind counter

Bakery is situated on 2 levels to the rear of the shop and comprises of the following equipment: 3 deck compact oven, walk-in refrigerator, double door stainless steel commercial freezer, 4 stainless steel work-surfaces, tray rack, Invicta proover, Mono proover, 70kg dough mixer, dough mixer, BDM, dougnut fryer, Mono bread moulder, 2 x 20qt mixers, tart stamping machine, pastry brake, 3 electric scales, 4 x stainless steel racks, dough table. The bakery benefits from wipe clean walls throughout.

On the first floor is a room with 2 chest freezers, a range of racking, staff lockers and a safe. there is also an office with a PC with printer/scanner and an edible ink printer for producing the tops of celebration cakes and biscuits.

Service contracts are in place on all refrigerators, freezers and scales.

Possible Living Accommodation
The vendors have informed us that 2 x 2 bedroom flats can be incorporated in the lease at a rent of £315 per month each and can provide living accommodation or rental income, this can be discussed with the landlord once an offer for the business has been accepted.

Other information

Trading hours:

Mon-Fri: 8.30am - 5.00pm
Sat: 8.00am - 4.00pm
Sun: Closed