Profitable Group Of 4 Retail Bakers Shops Plus Fully Equipped Bakery. Each Shop Unopposed Trading In Our Opinion Offering Terrific Potential For Deve | | Undisclosed Isle of Wight | | ISLE OF WIGHT | | ADVERT NUMBER : 39679
ADVERT IMPRESSIONS : 20,826 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Bakers | | SALE: | Agent Sale | LEASEHOLD: | £345000 | | | | | BUSINESS DETAILS: | Features : MAIN SHOP OCCUPYING AN EXCELLENT CORNER POSITION, RYDE, ISLE OF WIGHT. Tiled floor, curved serveover counter, partly refrigerated with refrigerated storage section. New automatic Bean to Cup coffee machine, 2 tills with EPOS scanning system. 4 tables with 16 chairs.Spacious fully equipped bakery also supplying the other 3 shops. The equipment includes 1 Mono 1 rack oven, 1-12 tray bakers oven, 1-10 tray bakers oven, Williams stainless steel walk-in 2 rack retarder/prover, 1 Fosters 18 tray retarder/prover, 1 additional counter Fosters retarder/prover, Williams retarder/prover, walk-in 5 rack retarder, walk-in deep freeze, Mono doughnut fryer, pastry brake, 3 bag spiral mixer, 2 additional mixers etc.First floor Confectionery RoomUpright double door deep freeze, 3 door stainless steel counter fridge, Williams retarder, Mono depositor, 2 Hobart table top mixers.Staff cloakroom with w.c. and wash hand basinStaff changing roomSHOP NO. 2. RETAIL BAKERY, NEWPORT, ISLE OF WIGHT. Attractive Sales Shop. 4 tables, 16 chairs. Cool display serveover counter, 1 group coffee machines plus filter coffee machine, till with scanning.Staff cloakroom with w.c. and wash hand basinSHOP NO 3. RETAIL BAKERY, SHANKLIN, ISLE OF WIGHT. Tables and chairs providing seating for 25 persons. Attractive curved cool display serveover counter, till with scanning, 2 group coffee machine, upright open cool display unit for sandwiches, upright glass fronted drinks display fridge (on loan).Staff cloakroom with w.c. and wash hand basinFirst FloorBedsitting Room with shower room with shower, w.c. and wash hand basin, ideal as staff accommodation.SHOP NO. 4. RETAIL BAKERY, COWES, ISLE OF WIGHT. Attractive double fronted sales shop. Large new cool display serveover counter, 2 tills with scanning, new Bean to Cup coffee machine.Location : ISLE OF WIGHTOpening Hours : Retail ShopMonday - Saturday inclusive - 8.30 a.m. - 4 p.m. CLOSED ALL DAY SUNDAY & ALL BANK HOLIDAYSNewport & Shanklin, CowesMonday - Saturday inclusive 8.30 a.m. - 4 p.m.CLOSED SUNDAY & ALL BANK HOLIDAYS.Turnover : WE ARE INFORMED the turnover in respect of Ryde is in the region of £214,000 p.a. in our opinion offering tremendous potential for further increase in the right hands.WE ARE INFORMED the turnover in respect of Newport is in the region of £190,000 p.a. in our opinion offering further potential to increase in the right hands.WE ARE INFORMED the turnover in respect of Shanklin is in the region of £160,000 p.a. in our opinion offering further potential to increase in the right hands.The Cowes Retail Bakery has only recently been opened, however, the vendor is confident that the turnover should be in the region of £190,000 p.a.We are informed the sales year ending December, 2008 showed £780,000 net of VAT. (Please note that this does not include any turnover in respect of the Cowes branch as this shop has only recently been opened). Gross profit 68.8%. Net profit shown before owners salary £100,587. We understand that approx. £145,000 of the sales year ending December, 2008 was in respect of Wholesale. In our opinion there is tremendous potential to develop the wholesale side of the business, if desired.Tenure : SHOP NO. 1.We understand the premises are held on a secure renewable lease, the present lease having approximately 3 years unexpired at a rental of £8,820 p.a. exclusive of rates.SHOP NO. 2.We understand the premises are held on a secure renewable lease, the present lease having approximately 2 years unexpired at a rental of £15,240 p.a. exclusive of rates.SHOP NO. 3.We understand the premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a rental of £10,000 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter.SHOP NO. 4.We understand the lease has approximately 5 years unexpired at a rental of £7,000 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter.Uniform Business Rates in respect of the 4 shops approx. £1,600 per month.OUTSTANDING OPPORTUNITY TO ACQUIRE A GROUP OF SHOPS IN THIS SOUGHT AFTER LOCALITY.PERSONALLY INSPECTED AND HIGHLY RECOMMENDEDPrice : OFFERS INVITED TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES, FITTINGS, PLANT AND MACHINERY in the region of £345,000 plus STOCK AT VALUATIONSUBSTANTIAL LOAN TO AN APPROVED APPLICANTPLEASE NOTE THE PROPOSED PURCHASE OF THIS BUSINESS IS TO BE BY WAY OF A SHARE TRANSFER OF THE LIMITED COMPANY.Staff : The vendor employs in the 4 branches a total of 20 full time staff plus 30 part time staff. Wages paid in the region of £6,000 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
