Bakeries for sale in Tunbridge Wells

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Well Established Bakery

Tunbridge Wells, Kent, England

  • Leasehold Price: £119,995
  • Turnover: £224,308
  • Gross Profit: £150,420
Seller Reference: B05543
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B05543
Request Details
Business Description
Business
Hilton Smythe are delighted to present to the market a much-loved family bakers and sandwich shop business established in the area in the 1980s. Our client is now looking to pass the business on due to family commitments. The business includes a 1 x bedroomed flat to the first floor which includes a newly modernised kitchen/shower room.

Smith’s Bakery attracts a healthy mix of tradesmen/builders, local families, local schoolteachers and other business owners. We are advised the business is split 50% Filled sandwiches/baguettes, 30% Hot pasties/ savouries and 20% Cakes/Bread (All baked goods are made fresh on site).

Majority of the sales are taken from walk in takeaway customers including 12 wholesale customers, located within 5 miles of the business.

The bakery offers:


  • Morning goods, rolls, freshly made cakes, breads and biscuits

  • Filled rolls and baguettes, crisps, cold drinks and coffees

  • Hot sandwiches, breakfast rolls, pasties, sausage rolls

  • Wholesale customers order fresh breads and rolls, particularly popular are the freshly made brioche buns.


We are advised the business is particularly busy in the winter months with a 2nd uplift at Easter.

Currently run as a takeaway led business only, we advise any new owner to consider adding a sit-down cafe. There is a storage building located to the left of the shop which could be converted as well as a large garden space to the rear of the property.

Any new owner could increase the wholesale trade by increasing the current number of delivery customers by adding a 24-hour baking cycle.

Business of this standard and area rarely come onto the open market and we advise early viewing to avoid disappointment.

Location
Smith’s Bakery occupies a prominent position at top of Silverdale Road in Tunbridge Wells, Kent.

Silverdale road offers a combination of traditional brick-built housing to one side and a busy parade of community shops to the other. Silverdale road is throughway linking Woodland Road to Upper Grosvenor Road, there is a popular nursery on the street which attracts a consistent footfall, St. John’s Church of England Primary School is located directly behind.

This very popular area is located just off the A26 (St. Johns Road) which is the main route leading into the City centre.

‘Royal’ Tunbridge Wells as it is now known is a historic Georgian town in Western Kent, just 30 miles South-east of London, close to the border of East Sussex. Accessed just off both the A21 and A26 link roads linking visitors to both Brighton, Lews and Eastbourne up to the M25 and London.

Nearest mainline Train Station is High Brooms, just 2 mins walk from the business.

There is free parking on the street.

Premises
The premises have undergone significant improvements including new electrics and automated prover.

Main Shop - open drinks & sandwich chiller, glass fronted chilled counter, till and card machine, rear bread display shelving units, CCTV.

Cake finishing room - stainless steel prep unit, storage unit, ‘Hobart’ dough mixer, pie warmer, ‘Buffalo’ griddle, donut fryer, Bain Marie, Bob, jam maker, dry store cupboard.

Prep area - bread slicer, stainless steel sink, meat slicer, 2 x stainless steel prep tables, storage racking, shelving.

Cleaning area - sink, boiler, upright fridge, upright freezer.

Side store building - flour storeroom, backup equipment storeroom.

Lower Ground - 3 M wide oil powered oven, baking trays and storage rack units, ‘Koma’ Sun Riser electric retarder/prover (5 x rack capacity), Bun Dough Moulder, Stainless steel upright fridge, scales, 2 x stainless steel prep tables, flour bins.

First Floor - large office / living room - includes a selection of filing cabinets, desk, storage drawers, printer.

2nd office / double bedroom - feature fireplace

Toilet

Kitchen / shower room

External - 2 x storage sheds, freezer room (3 x chest freezers), staff toilet, a large garden space with low and raised areas, rear exit onto the street behind.

The premises are circa 167sqm.

Tenure
We are advised the business is being sold as a Leasehold with 3 years remaining on a 9-year renewable lease paying just £13,500 per year. The business benefits from full small business rate relief paying 0 rates in the current year.

Hours
MONDAY TO FRIDAY - 7.30 am - 2.30 pm

SATURDAY - 7.30am - 2.00 pm

SUNDAY - Closed

Staff
The business is run and managed by our client with 4 x part time members of the tea.

Financial Profile
The business generated a turnover of £224,000 as of the 2018/2019 accounts with an adjusted net profit of around £53,000.

Tenure:
Leasehold
Listed by:
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