Bakeries for sale in Wandsworth

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Y. MacGregor (Nov 2017)
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Leasehold Price: £150,000 Price Reduced Annual Turnover: £550,000
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Business Description
Established Franchise
Annual Turnover £550,000
Gross Profit TBA
Customer Seating for 50
Ran Under Management
EPC - D
REF 5728 – Leasehold Artisan Bakery

Blacks Brokers are proud to bring to the market this leasehold artisan bakery located in the much sought-after area of Wandsworth, Greater London.

INTRODUCTION

Granier Bakery & Café has been trading on Putney High Street since March 2016, though this successful and well known franchise company was set up in 2010. Since opening, the business has firmly established itself within this community area and has gained a large customer base with a superb reputation.

LOCATION

Positioned on Putney High Street in South West London, this business is close to Hammersmith, Fulham and Wimbledon Common. It is directly opposite Putney’s main shopping centre and very close to Putney Rail Station. Putney High Street is also a main route for many bus services and public transport links. This excellent trading position offers a superb base of local customers and many passers-by.

REASON FOR SALE

Granier Bakery & Café is only being offered for sale as our client under estimated the demand for the business and it has now become of a size that would suit a team of people rather than a single owner, our client has little time to run the business and employs management. It would be more suited to an owner/operator team or partnership.

LEASE

The building is available with competitive rent on an Internal Repair Only Lease (IRO lease). The current lease is 10 years with rent reviews every 5 years. The current lease began in 2015 at a cost of £1,346 per week.

BUILDING LAYOUT AND DESIGN

Granier Bakery & Café is housed within the ground floor of a large, four storey, single fronted, terraced unit with spacious basement and is positioned within a busy and popular parade of shops. The business is exceptionally well presented and has full branding and signage displayed to the front. Automated doors open to a very impressive pastry display counter with wooden bread shelves behind. An incorporated customer service counter and coffee bar are positioned down the right hand side. To the left is a chilled, free standing cake display unit with an array of delicious treats.

Past the main counter area, the space is then opened out to offer an open plan seating area furnished to seat up to 50 customers. The interior is beautifully presented, with modern lighting, classic décor and tiled flooring throughout. Seating is carefully spaced to allow a good amount of covers without overfilling.

To the rear of this space are customer toilets and a separate preparation area housing the bakery kitchen. This is professionally equipped and finished to a high standard. There is also a basement providing ample preparation and storage space.

STAFF

Granier Bakery & Café is currently operating with six full-time and two part-time members of staff in employment.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Granier Bakery & Café has traded solidly over its trading history. The business generates annual turnover of £550,000 with rates payable of £12,000 per annum and rent of £1,346 per week. Many customers are from the local area as one would expect, with additional trade from passers-by, tourists and city workers.

SUMMARY

This leasehold business brings consistent weekly takings and shows growth since opening in 2016. The shop was fully refitted before opening and has been finished to a very high standard with excellent attention to detail. There is plenty of scope to develop the business further with possible development of wholesale marketing and catering through other local businesses such as hotels, retailers, other cafes and restaurants. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are very strongly advised.
Trading Hours:
Mon - Sat - 6am - 8pm
Sun - 7.30am - 8.30pm

Tenure: Leasehold

Location Details: Wandsworth

Leasehold Term: Rent: £1,346 Per Week

Downloadable Documents

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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5728
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