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Well Run Bakery / Cafe In Aveley For Sale

Thurrock, Essex, UK
Asking Price:
£85,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£220,000
Net Profit:
£40,000

Introduction
Bakery / Café was established since 1978, offering a range of freshly baked produce including hot and cold sandwiches, pies and breads. It is very well known in this area and being the only bakery around it has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. The business has continued to trade solidly throughout covid-19 and lockdowns.

Location
The Bakery / Café is in the heart of Aveley, Thurrock - It is one of the only shop on the high street and a very prominent location with schools and local offices around. We have a consistent 140-180 buying customers a day with an average spending of £4.70 per person.

Reason for sale
The business is ideally suited to a hands-on owner-operator but due to the current owner's relocation to a different country he has not been able to efficiently manage the daily hand on operations of the shop, the business has been put up for sale.

Staff
The business operates with 4 FT/PT staff who will carry on with the business.

Financial details
The Bakery / café has traded solidly for years and has established a strong repeat customer base. The business does and average of £4k-5k per week in sales.

Business rates
The business currently benefits from Small Business Rates Relief and retail relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

Rent - Very cheap - £7.5k per annum
Lease - 10 Years (9.5 years remaining)

Future trade - If required, any help with bread or pastries supply can be provided directly from our main production centre.

ASKING PRICE - £85,000

For more information, please contact us by using the form below.

Property Information

Property:

Leasehold

Lease Terms:

10 years with 5 years tenant only break

Leasehold Rent:

£7,500 per annum

Location:

Aveley High Street, Thurrock

Business Operation

Competition / Market:

None

Reasons for selling:

Relocation

Trading hours:

7am to 4pm

Employees:
4
Years established:
44

Other Information

Support & training:

Complete handover to be given and future support with products

Furniture / Fixtures value:
£25,000 - included in the asking price
Inventory / Stock value:
£3,000 - included in the asking price

Contact Seller

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