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, we are advised, having had around £45,000 spent on a re-fit in June 2010. Adjoining Coffee Shop area (seat 24).
First Floor:- Very Well Presented Overflow Restaurant (seating for 34). Fully Equipped Open View 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 with side access door. Storeroom with walk-in freezer.
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 (i.e. circa £13,000 weekly average - split Town Centre Shop and Coffee Shop £5,000 weekly; Bakery Shop £3,000; Wholesale £5,000 weekly). The Wholesale supply is to Shops, Cafés, Pubs, etc. within an approximate 20 mile radius. Books & Accountant’s Figures will be available for inspection.
The Bakery produces a varied range of bread and rolls, a good selection of cakes and savouries and has a reputation for excellent Celebration Cakes.
The business has an established web-site which brings in a good quantity of enquires and orders for celebration cakes. There is also a dedicated web-site devoted to the wholesale trade which the vendor considers very beneficial.
Price required for goodwill, leases, tenants fittings, fixtures, utensils and equipment, etc. £175,000 STOCK EXTRA AT VALUATION
SOUTH DEVON COASTAL TOWN IN THE TORBAY AREA