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PRICE REDUCED FOR A QUICK SALE FROM £549,950 + SAV
NO LONGER TRADING
Hilton Smythe is delighted to welcome to the market this well-established and popular bakery business, which is ideally located within the villages of Bowburn and Coxhoe, County Durham, benefitting from very little competition in the immediate locality.
The business was originally established in 1935 and has been in our clients’ careful ownership since 1982. Only now is the business being offered to the market due to our clients’ desire for a well-deserved retirement.
The business is no longer trading, but all the bakery equiptment still remains. The business previously operated 5½ days per week and generated a turnover in the region of £300,000 per annum, with a gross profit of approximately 45%.
Our clients previously offered a wide range of bakery goods and convenience items, such as breads, pies, pasties, freshly made sandwiches, newspapers, convenience items, dairy products, confectionery, snacks and potatoes, to name a few, as well as a selection of beverages. The property boasts 291 sq. metres of floor space, with the main shop and kitchen to the first ground floor, as well as substantial 5 bedroom owners’ accommodation to the ground and first floor.
The property further benefits from a separate two-bedroom flat, which has its own entrance from the street and an entrance from the first floor of the main property.
As well as the main shop in Bowburn, our clients also have a second shop in the nearby town of Coxhoe, which is supplied from the main bakery.
The business had built up an enviable reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign or offer a delivery service to local industrial estates. There is also scope to introduce an outside catering arm to the business.
This is an excellent opportunity for aa new owner to take this already thriving and busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
Anderson’s Bakery occupies two premises, ideally located within the villages of Bowburn and Coxhoe, County Durham. The Bakery business is situated on a prominent corner position in a densely populated residential area, from which the business derives much of its trade. The business benefits from a high volume of footfall and passing trade, as well as free on street parking to the front and side of the premises.
We are advised by our client that business development work is being carried out in the area which we expect to generate a large increase in footfall to the area.
Bowburn is a village situated about three miles to the south-east of Durham, on the A177, between Coxhoe to the south-east and High Shincliffe to the north-west. In recent years, a regeneration project has begun within the village with new houses being built, a park has been upgraded, new football fields, an outdoor gym and an excellent children’s play area have been created.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is in Durham. The area is also well served by the A-roads, with the A688 and the A1(M) being just a short drive away, which link to the national motorway system. Bishop Auckland is approximately 10 miles away and Hartlepool is 17 miles away.
Substantial two storey premises in an ideal trading position, briefly comprising:
Ground floor with:
Main shop entrance.
Perimeter shelving and refrigerators/freezers for general convenience items.
Small selection of newspapers.
Serve over chilled display with hot plate area.
Food and sandwich preparation area behind counter.
Large L-shaped kitchen with a vast array of equipment including bread ovens, mixers and storage units.
Entrance to owners’ accommodation to rear of bakery kitchen.
Residential kitchen with appliances.
Large living/dining room with patio doors to front.
Good sized office, currently used for storage.
Stairs to first floor.
First floor with:
Master bedroom with fitted wardrobes and a small roof terrace.
2 x large double bedrooms.
2 x single bedrooms.
Large family bathroom with sunken bath.
Separate self-contained, two-bedroom flat, which can be accessed from the first floor and has its own separate access from the street.
Double deck, two tray oven.
Three deck, three tray oven.
25 quart mixer.
30 quart mixer.
2 x 40 quart mixers.
20 quart mixer.
15 quart mixer.
50-100 quart mixer.
Hot pie cabinet.
Refrigerated fresh cream cake display refrigerator.
General display counter.
2 x 60 litre refrigerators.
2 x double display refrigerators.
Single display refrigerator.
Refrigerated salad bar.
Manual bun stamper.
Semi-automatic dough divider.
3 x manual pie blockers.
All retail fixtures and fittings.
General utensils and equipment.
Potable cabin containing chest freezers.
Ground floor premises, briefly comprising:
Small shop area.
Refrigerated serve over display counter.
Soft drink refrigerator.
A Citroen Dispatch van is also included within the sale.
We are advised:
Main shop in Bowburn: Freehold
Second shop in Coxhoe: Leasehold
Rent: £65 per week.
The business is open:
Monday – Friday: 6.00am – 4.15 pm
Saturday: 6.00am – 12.15pm
Monday – Friday: 8.00am – 1.00pm
Saturday: 8.00am – 12.30pm
The business is owner run and managed with 10 x staff members.
The business generates a turnover in the region of £300,000 per annum, with a gross profit of approximately 45%.
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