* Shop premises and kitchen
* Increasing turnover over last 3 years
* Open 5 days per week, 2 half days
* Repeat, walk in and internet trade
* Scope to increase business with commercial / wholesale trade as well as introduction of retail cake craft stock
* Training available if required
Geographically, Barnstaple sits on the banks of the River Taw near the North Devon coastline. The area enjoys a unique topography with an extensive sandy beach coastline and close proximity to Exmoor National Park. Barnstaple has expanded from its market town origins, to become the area's Regional Centre. Several national house builders are completing residential developments within the town and its suburbs. Commercially the town contains many of the major national retailers and several edge of town developments have been completed. The sustained wealth and growth of the area has been enhanced following the building of the A361 linking North Devon to the M5 at Tiverton. The road network has been further enhanced by the construction of the downstream bridge at an estimated cost of £40m.
The property is situated within Queen Street in which the town's main municipal car parks are located. The premises are also close to the town's bus station. There are an assortment of retail and office users in the immediate vicinity with the premises being opposite a parade of shops and offices known as Queens House.
THE PROPERTY AND CONSTRUCTION
Being a ground floor lock up retail unit and kitchen with a prominent corner return frontage. Our clients fitted both retail area and kitchen space approximately 3 years ago. To the rear of the premises is a storeroom and toilet facilities.
Our clients are inviting offers for the Leasehold interest. We understand the Landlord will offer a new 5 year lease at the current rent £6,500 per annum.
The business was established approximately 6 years ago and was operated from the owners residence during which time the business grew to the extent that our clients moved the operation to the current shop premises in 2012. During this time the turnover has increased year on year with 2014 showing a turnover of circa £40,000. The business offers a bespoke celebration cake / cup cake service for any occasion, with training available from the owners if required. Given the location of the business it is well placed to derive trade from walk-ins, internet or its growing number of repeat customers. There is considered further scope to increase the trade by offering commercial / wholesale services as well as extending the range of cake craft items. Operated by the two owners there are currently no staff employed with opening hours being Tues, Thurs, Fri 10am- 4pm, Wed, Sat 10am - 1pm, closed Sun and Mon.
The property is sold with an inventory of fixtures, fittings and equipment.
We are verbally advised by the Local Rating Authority that the premises are currently assessed as follows:- Rateable Value: £6,900 Rates Payable: £3,160 based on uniformed business rate of 45.8p in the pound. Occupiers may qualify for reliefs and are advised to make their own enquiries of North Devon District Council.
ENERGY PERFORMANCE CERTIFICATE
Please contact the agents for a copy of the Energy Performance Certificate and Recommendation Report.
THE ACCOMMODATION (comprises)
23`7 x 12`9 (7.20m x 3.90m) Return fronted window displays, double access doors, table and chair seating, spot lighting, counter servery, till, computer, 2 x printers (one cake topper printer), display shelving and cake stands
Vinyl flooring, Buffalo oven, stainless steel single drainer sink, electric double oven, double glazing, 2 x fridges, 2 x Kenwood Chef mixers, 2 x stainless steel preparation benches, extractor fan, wash hand basin, assorted specialist cake hand tools and equipment
Low level w.c., wash hand basin
Having been in the trade for many years we have established good connections in the finance sector. Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike. Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds. Please call for more information.
Support & Training: If required
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