Cake Shops for sale in Southampton

View the "CELEBRATION CAKE MAKER - HIGH ST SHOP IN SOUTHAMPTON" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Daltons is the way to go and the one I recommend. 

C. McFarquhar (Apr 2017)
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Freehold Price: £365,000.00 Leasehold Price: £15,000.00 Annual Turnover: £113,386 Annual Gross Profit: £82,154
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Business Description
LOCATION:
Southampton is one of the country's busiest deep-water ports, with its unique double tide allowing unrestricted access for the world's largest vessels, including cruise ships. The city has excellent shopping with famous department stores, high street names and specialist and independent shops, all located within easy reach of public transport. With easy access to the M27 and M3, it is a vibrant city with a lively programme of events and venues, including the Mayflower Theatre which hosts a wide variety of live performances, from pantomime to opera, throughout the year and which is now considered one of the top three most successful regional theatres in the UK. The area has a number of historical points of interest which include the medieval walls surrounding the city, and links to the Pilgrim Fathers' departures to the Americas, the Titanic and the Spitfire. The City Art Gallery is internationally renowned and numbers over 3,500 works and spans six centuries of European art history. Within easy reach of Southampton, is Portsmouth and its numerous naval attractions, Winchester with its renowned cathedral, the New Forest and the Hamble River, all offering an interesting variety leisure facilities.

BUSINESS:
The business specialises in all aspects of cake making, decorating and sugar-craft. Wedding cakes are a speciality and are produced in the traditional manner. A personalised service is offered and the owners take great pride in being able to design an individual cake for every occasion.
The atmosphere in the shop is friendly and the experienced staff are available to give advice. Customers can either choose from a photograph album of previously-produced cakes of they can request a cake to be personally designed. Alternatively the business will provide quotes for any design taken from a magazine or book. The finished cake is fully decorated and boxed with a knife and cake stand hire also available. The retail area of the shop is led with accessories for wedding, birthday and special occasion cakes to be made by the customer.

HISTORY
The vendors have been next-door-neighbours for over 18 years and became close friends. They decided to attend evening classes and found that their talents dovetailed well with one having a talent for baking while the other is an expert cake decorator. They started to create cakes for friends and family and this gradually developed into a thriving home-based business. They used to buy their cake-making supplies from a shop in Southampton. When the owner passed away they decided to take the business on. Today the shop employs 5 people in addition to the vendors. It sells cake decorating products, specially-commissioned celebration cakes and in the newly-built, rear extension Cake Decorating Courses are run for enthusiasts.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)

Description Area m²
Office 10.93
Internal Storage 2.95
Retail Zone A 20.41
Retail Zone B 6.8
Production Area 15.22
Kitchen 9.96
Total area 66.27
Note: Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

RATES:
The rateable value of the business premises is £6,000, with Zero rates payable in 2018/19. The domestic accommodation falls into Band A for council tax purposes.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)

There is a self-contained 2-bedroom flat above the premises generating rental income of £9,000 per year.

TENURE:
The Vendors own the freehold and will create a new lease on favourable terms. The lease will be a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights apply. The opening rent to include the self-contained, 2-bedroom flat above the shop will be £21,000 per year with 3-yearly rent reviews. The flat generates an annual rental income of £9,000.
Alternatively, the vendors will offer the buyer the opportunity to acquire the freehold which will include the 2-bed, residential flat above the premises.
Please be aware that the landlord will require references to support your application as a tenant and satisfactory bank and trade references will be requested. In addition, the landlord may ask for a rent deposit equal to 3 or 6 months dependent upon quality of references and status of the buyer.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:
We understand from the vendor that all main services are connected to the property.

TRADE:
Accounts inspected by Adams & Co show annual sales for the year ended 31 March 2017 of £113,386 with gross profits of £82,154 (72%). This compares favourably with the previous year's performance with annual sales of £119,051 and gross profits of £83,341. Sales recorded on the last 4 VAT returns submitted to 31 March 2018 show sales of £104,804.
Please note that if a business is VAT registered, all figures exclude VAT.

HOURS:
Monday to Friday 08:30 to 16:45
Saturday 08:30 to 13:00
Sunday Closed

STAFF:

(Hours shown exclude unpaid lunch hour)

Vendor 1: 5 days p/w works as and when required in all areas of
the business
Vendor 2: 4 days p/w assisting with baking, decorating and retail
1 Full Time: 35 hours over 5 days cake baking and decorating
4 Part Time staff working the following hours and days p/w:
1 works 4 days 28 hours cake baking and retail counter
3 works 2 days per week; between14 and16.hours
Total employee paid hours per week = 108
All staff answer the telephone and assist at the retail counter.

STOCK:
The vendor informs us that the value of the stock varies throughout the year between £7,000 and £10,000.

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

COMMENTS:
The decision by both vendors to retire has created an exciting opportunity for a new enthusiastic, hands-on owner to build on the solid foundations laid down over the past 32 years. Re-introduction of 2-hour cake decorating evening classes would add £200 per week to the income of the business.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.
Trading Hours:
Monday to Friday 08:30 to 16:45
Saturday 08:30 to 13:00
Sunday Closed

Number of Employees: 1 Full Time & 4 Part Time staff

Tenure: Freehold, Leasehold

Location Details:
The business is located in Shirley with easy access to the M27.

Leasehold Term:
The Vendors own the freehold and will create a new lease on favourable terms.

Listed by: Adams & Co

Find out more about this business opportunity.

 
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HW1519
Seller Reference:
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