Highly Successful Bakery Franchise Resale Combined with Indian Takeaway & Restaurant
Enjoying a prominent and prime corner location in the town of Ashford, Surrey; this successful business offers a unique enterprise which combines retail bakery along with Indian food for eat in and takeaway within a double fronted sales shop. The bakery business operates under a well-known international franchise brand, independently adjacent there is a non-franchised Indian food business offering both sit down and takeaway food
Fabulous scope exists to convert the current restaurant space into a coffee shop served by the bakery side of the business.
For sale only due to the current owner having to move abroad due to family illness.
The bright and attractively decorated double fronted premises occupy a prominent site comprising a total floor size of 630 sq. ft. and enjoys excellent visibility to both passing traffic and pedestrians. The area nearby compromises Ashford’s primary retail area with many complimentary retail and food businesses nearby. Also nearby are several schools and the local train station.
The current passing rent is a very affordable £22,500 per annum with business rates payable of £3,200 per annum. Tenure is by way of a 10-year lease of which 9 years remains outstanding.
Within the bakery section of the premises, the business operates under a 10-year renewable franchise agreement with a large international franchise. 9 years of the franchise agreement is outstanding, but a new 10-year franchise agreement is available for purchasers. Full terms of the franchise are available upon request.
Within the bakery side of the premises, there is a kitchen which could easily be adapted to fulfill orders for both the restaurant and the bakery, currently food for the restaurant is prepared off site. The business serves food to be both eaten on the premises and to take away. The restaurant currently has 14 covers.
Relationships are in place with major third-party independent food delivery platforms
The business is run by the current owner manager with 2 full-time chefs and 2 additional part-time staff.
