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Bakery Business & Freehold
Portsmouth, England   Brokered By: Jason
Asking Price: £ 240,000.00 Annual Sales Revenue: £ 210,000.00


BUSINESS PROFILE VIEW

Business Information

Business Identifier

Bakery Business & Freehold

Reference

DT5173

Looking For

Buyer / Freeholder

Business Start Date

1980-04-01

Franchise

No

Sector

Retail

Industry

Food & Beverage

Business Description

Well Established Bakery Business and Freehold Groundfloor Property.
Long established successful bakery, established in 1980. Circa 927sq.ft / 90M
Part of a busy and vibrant conurbation between Portsmouth & Southampton
Smart & Excellently Equipped Bakery business trading very successfully for 41 years under the same ownership, now for sale due to retirement. The Bakery produces a first-rate mix of freshly baked traditional breads, rolls, baguettes, cakes, pastries, sausage rolls, filled sandwiches, etc. – all made from scratch.
Prominently located in a lively, pedestrianised centre in a large Coastal Village.
‘Fit for purpose’, quaint and inviting Shop (circa 300sq.ft. - 28m2) with unique brick face serve-over counter, hot food display cabinets, bread slicer, 3-door preparation refrigerator, electric tills, microwave, bread display shelving, etc.
Traditional & Well Equipped Bakery to rear (circa 550sq.ft.- 51m2) with 4-deck bakery oven, bread and bun moulders, mixers, ‘Williams’ double upright retarder / prover, canopy extractor, deep fat fryers, electric 4-burner hob, stainless steel worktops, pot wash area.
N.B. All equipment is owned and in very good working order.
Staffroom / Cloakroom.
Outside:- Parking to rear, delivery access and space for bins. Large Free customer parking.
We are advised current Takings are averaging around £5,000 weekly. Trade has held firm during the Covid pandemic and is continuing to thrive. Good levels of Net Profit. Low wastage.
Hours of Trading:- Mon/Tue/Thu/Fri - 9a.m. to 5p.m. Wed – 9a.m. to 2p.m. Saturday – 8.30a.m. to 4.00p.m. Closed Sunday. Closed for two weeks in the Summer and two weeks over Christmas.
Staff:- Two working owners (one of whom has been a baker for more than 50 years) together with two bakers and 9 part time employees.
Rateable Value:- £10,000 (100% small business rate relief – subject to circumstances).
EPC:- C – 74 (expires 23rd July 2028
Viewing by experienced operators highly recommended.
PURCHASE OPTIONS
Price required for the Ground Floor Lock-Up Freehold property together with goodwill, fittings, fixtures, utensils and equipment of the Bakery business carried on therefrom - £220,000 - STOCK EXTRA AT VALUATION
A new Full Repairing & Insuring Lease will be arranged for a term of 15 / 20 years at a commencing rent of £14,500 per annum exclusive of rates and service charge of £1,572 per annum and subject to 5 year reviews. On this basis price required for goodwill, lease, fittings, fixtures, utensils and equipment - £59,950 - STOCK EXTRA AT VALUATION

UK Country

England

County/City

Portsmouth

Current Status

None

Asking Price (£)

240,000.00

Annual Sales Revenue (£)

210,000.00

Gallery

Gallery

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Broker Details

Broker Details

Broker Name

Mr. Jason Atkins

Email

jason@ahlansley.co.uk

Phone number

0118 9590271
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Disclaimer

Disclaimer

Values for Annual Sales Revenue may be approximate.

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