NO LONGER TRADING
CoGoGo is delighted to welcome to the market this well-established and popular bakery business, which is ideally located within the village of Bowburn, 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.
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.
Financial Profile
The business generates a turnover in the region of £300,000 per annum, with a gross profit of approximately 45%.