Old Established Bakers / Confectioners - Two Shops (one in Town Centre location with combined Coffee Shop / Snacks and the other on a busy road in out-of-town local centre about one mile apart, these latter premises combining the Bakery Production area).
SOUTH DEVON COASTAL TOWN IN THE TORBAY AREA.
THE PRINCIPAL PREMISES
The Principal Shop in a busy main street location, adjacent several multiple names. Smartly fitted with modern serve-over high vision display counters. Coffee Shop area. Service Kitchen
First Floor:- Very Well Presented Overflow Restaurant. Fully Equipped Kitchen adjoining. Storeroom. Ladies & Gents Cloakrooms.
Second Floor:- Staffroom. Office. Two Small Stockrooms.
Main Services Installed.
Lease:- The above premises are held on lease which recently expired and, we are advised, Landlord has offered to renew at a similar rent, i.e. £22,000 per annum (Landlord responsible
for structural repairs).
The second Shop is located on a busy road in a local Shopping Centre serving a widespread surrounding residential area. These premises also combine the Production Bakery.
Very Smart Shop. Spacious Bakery to rear. Pack / Despatch Area. Storeroom.
First Floor:- Two Storerooms. Office. Cake Decoration Room. Ladies & Gents Toilets.
Second Floor:- Staffroom. Stockroom.
All Main Services.
Lease:- The lease of these premises has also expired and again, we are advised, this Landlord has offered to renew. Reasonable rent (currently £8,800 per annum).
We are advised that Gross Turnover is around £675,000 per annum. Books & Accountant’s Figures will be available for inspection.
Price required for goodwill, leases, tenants fittings, fixtures, utensils and equipment, etc. £175,000 STOCK EXTRA AT VALUATION
Location Details: Torbay area, South Devon
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