Nationwide, Businesses welcomes to the market this PROFITABLE FULLY EQUIPPED FREEHOLD BAKERY. Situated in a parade, busy road, residential area, SUFFOLK.
The business has been in the same hands since estabished in May, 1991 & is now offered for sale due to the vendors semi-retirement.
Mainly retail bakery with only approximately 15% in respect of wholesale which in our opinion could be further developed, if desired.
GROUND FLOOR in the region of 700 sq. ft. including rear bakery. SHOP AREA with non-slip floor. Large mainly cool display counter, approximately ? of the counter is ambience display, electronic cash register, bread display shelving, open chiller unit (used for sandwiches & soft drinks).
BAKERY SECTION with 5-deck bakers oven, 2 provers, 1 upright deep freezer (with racking), 1 additional upright deep freezer, 1 chest deep freezer, 2 fridges, 2 bread slicers, 1 table top mixer, 1 floor standing mixer, bread moulder, roll moulder, large commercial sink plus 1 additional sink etc.
Staff w.c. & wash hand basin
Vauxhall Vivaro delivery van included (13 plate)Turnover :
£5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 31st December, 2016 showd £293,865 with a gross profit of £173,983 & a net profit before finance & bank charges of £55,066. We are furthe advised that the sales year ending December, 2017 showed £288,604 slightly less than year ending December, 2016 & we understand from the vendor that this was due to road works in front of the shop for a while.
THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £295,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Freehold : £295,000 (R8380)
Is accommodation included?:
The SELF CONTAINED accommodation DOUBLE GLAZED & refurbished in 2014 is at present let to the baker & provides a rental income of £450 per month. The FLAT comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, electric shower over the bath, w.d. & wash hand basin
Separate Utility Room with w.c. & wash hand basinSmall decked garden area plus shed
Driveway with garage