Bakeries for sale in Manchester

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Busy Traditional bakery

Manchester, Greater Manchester, England

  • Leasehold Price: £144,995  Price Reduced arrow_drop_down
  • SOLD
  • Turnover: £180,000
  • Gross Profit: £110,394
Seller Reference: B04968
Business Description
 
 
 
 
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Seller Reference: B04968
Request Details
Business Description
Business
Hilton Smythe is delighted to welcome to the market Peters Bakery, an extremely popular traditional bakery and sandwich shop located in Manchester.

The building has been a bakery since the 1930’s, and in the hands of our clients for almost 40 years.

During the time our clients have ran the shop he has built up an excellent reputation and a strong rapport with the locals and regulars, our clients are offering a hand over period to show the new buyer the ropes should they require.

The bakery currently offers a variety of traditional bakery products including specialty bread, cakes, pies, as well as a large breakfast and sandwich menu.

The business has an excellent reputation locally and further a field with customer reviews stating
‘I live around 10 miles away and travel as often as I can to Peter's for their delicious bread’ and ‘Lovely bacon and egg barm and coffee, great value and friendly staff.’


The premises boast a huge, well-equipped bakery and shop floor, total size in the region of 193 m2 with a 3 bed flat above, which could be used as living accommodation.

The bakery operates 6 days per week and generates a turnover in the region of £180,000 per annum, with a gross profit in the region of 33%.

We feel there is scope to increase the turnover. A new owner could push the delivery service to local businesses and embark on a modest marketing campaign to promote the goods offered.

There is huge potential to extend the wholesale side of the business, due to the size of the bakery and the equipment installed.
The business would further benefit from the launch of a website and social media to advertise the business on a larger scale.


This is an excellent opportunity for a new owner to take this already thriving business with growth potential to the next level; therefore, early viewing must come highly recommended.

Location
The business is located in on Lloyd Street South, Manchester

The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.

There are several railway stations nearby plus a main bus link to and from surrounding towns with a bus stop being just across the road.

The area is also well served by the A-roads, with the A5103 being within easy driving distance of the business. Links to the M60 motorway network .

Premises
Situated on a main road, with great signage and benefiting from ample free street parking.

Shop floor

• Till and card reader
• Large over counter chillers
• Tall drinks fridge
• Coffee machine
• Double deck warmers
• Ample shelving
• Cake racking


Bakery

• 4 retarder prover
• 2 rack retarder prover
• Oddy roll plant
• Spiral mixer
• Bear upright mixer
• 4 walk in freezers (40 rack capacity)
• New smart oven
• Automatic dishwasher

Ample tins and trays

WC and storage at the rear of the bakery.

Free parking at the front of the shop

External
Office and storage unit (20ft container)

The business is secured with full CCTV system, roller shutters and metal gates to the rear of the building


Tenure
We are advised the premises is Leasehold with annual rent of £14,500 pa

Hours
Current opening hours

8:00 – 16.00 (Monday – Friday)
8.00 – 15.00 (Saturday)
Closed (Sunday)

Please note - the business is closed 3 weeks of the year due to vendors holiday, 1 week in December and 2 weeks in August.


Staff
The business is owner managed with 2 full time and 5 part time staff members.

Financial Profile
The business reports a turnover for 2017  of approximately £180,000 with a gross profit of 33%

Tenure:
Leasehold
Status:
SOLD by Hilton Smythe
Listed by:
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