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Established Freehold Retail Bakery with Accommodation Long Eaton For Sale

Long Eaton, Nottinghamshire, UK
Asking Price:
£585,000 Furniture / Fixtures included
Turnover:
£525,000
Net Profit:
On request

Ellis & Ellis Nottingham offer this high sales, freehold, high street bakery, trading on a busy through road between Nottingham and Derby.

This is a tremendously profitable freehold main road retail bakery. It has been in the same ownership for some 18 years. Consistently highly profitable, the property also includes self-contained 1 bedroom flat on the upper floors.

Prominent main road location, near other shops, with customer parking directly outside.

A comprehensive handover will be given.

Reduced price.

Key Information:
Takings. Financial accounts show turnover in excess of £525,000.
Net profit. Full details of profitability will be provided to serious potential buyers on signing a ‘ Non Disclosure Agreement.’
Stock Level. Modest, say £4,000, to be taken at valuation.
Trading Hours. 7.00am to 4.45pm Monday to Friday. 8.00am to 3.00pm on Saturday. Closed on Sunday.
Staff. Owner / Baker plus 1 full time employed baker. Shop: 2 full-time staff plus 9 part time and 1 cleaner
Tenure. Freehold. Accommodation included. Full vacant possession on completion.
Rating. Erewash Borough Council
Full details of profitability will be provided on viewing the business.

Property Information

Property:

Freehold

Living Accommodation:

Bathroom, living room and kitchen on the 1st floor. Bedroom and storage in roof space.

Location:

On a busy through road in a densely populated residential area. On street parking directly outside for customers. Close to other local amenities.

Premises Details:

Freehold. End of terrace property on a main road. Self contained living accommodation on 1st and 2nd floors.

Business Operation

Expansion Potential:

Potential to increase wholesale sales, events, catering etc; Currently closed on Sundays.

Competition / Market:

None of this size for some significant distance.

Reasons for selling:

Retirement after running the business for 20 plus years.

Trading hours:

7.00am to 4.45pm Monday to Friday. 8.00am to 3.00pm on Saturday. Closed on Sunday.

Employees:
Owner / Baker plus 1 full time employed baker. Shop: 2 full-time staff plus 9 part time and 1 cleaner
Years established:
The property has traded as a bakery for many years.

Other Information

Support & training:

A full handover will be provided.

Furniture / Fixtures value:
£15,000 - included in the asking price
Home based:
This business can be run from home.