Bakery And Convenience Store In Suffolk Village | | Mendlesham Suffolk | | Village convenience store and bakery Mendlesham, Sufforlk T/O: £546,000 GP: 20% Village location 4-bed owners' accommodation Scope to increase turnover Long established | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61486
ADVERT IMPRESSIONS : 8,545 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £589,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Mendlesham Bakery is ideally located in the town centre of the picturesque village of Mendlesham in Suffolk. The business is situated on a corner plot and benefits from ample parking and is surrounded by a densely populated residential area. Medlesham possess a variety of amenities within the village along with complementary shops and businesses. There are regular buses running through the area and boasts easy access to the local A-road network. Mendlesham lies 5 miles north east of Stowmarket, while Bury St Edmunds lies 20 miles north west.
Business History
Preferred Commercial is pleased to offer for sales this popular convenience store and bakery, which has been in our clients' careful hands since 1999 and is only now being placed on the market due to our clients' wish to retire. The business generates a turnover in the region of £546,000 per annum with a gross profit of 20% derived from the bakery, off licence, newsagents, Lottery and confectionery sales. The owners' currently trade 7-days per week and currently at a pace to suit. The business boasts 4-bedroom accommodation with large lounge, diner, kitchen and family bathroom, which are highly maintained throughout. We are advised by our client that there is an option to purchase the adjoining cottage, which is available by separate negotiation. Our client's have gained an excellent reputation and a loyal customer base, which ensures much repeat trade. We feel that turnover could be increased by longer opening hours and by extending the bakery product lines and by offering newspaper deliveries to the local area. The new owner could also introduce, if desired, deli produce and fine wines. This is an ideal opportunity to acquire a profitable business, which is well-equipped and in 'walk-in-and-trade' condition, with huge scope to develop further. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £546,000 approx.
GP: 20%
Opening Hours
Mon: - Fri: 7.00am - 8.00pm
Sat: 8.00am - 8.00pm
Sun: 7.00am - 6.00pm
Accommodation Details
Convenience store and bakery set in the centre of the village, offering spacious 4-bedroom owners' accommodation. Briefly comprising.
Ground Floor
• Large shop area with chilled drinks display refrigerator, large open chiller, 2 x open chiller units, 3 x central display aisles, magazine and newspaper displays and fruit and veg display
• Off licence area with counter, 2 x electronic cash registers, cigarette gantry, ATM, coffee and drinks machine, Lottery terminal, and PayZone facilities
• Fresh bread display which is only offered Mon: Wed: Fri: and Sat:
• Bakery area with multi bake oven, large refrigerator, bread slicer, roll divider, stainless steel work bench, large commercial mixer, wrapping machine, 2 x chest freezers, stainless steel sink, stainless steel hand wash basin and scales
• Retail area with 2 x very large chest freezers, 1 x large chest freezers, ice cream freezer, racking and shelving and office area, which was originally post office section. DVD retail sales and rental section
First Floor
• Open-plan living room, diner and study
• Large double bedroom
• Family bathroom
• Storage room, which could be used as an additional bedroom
• Single bedroom
• Wet room
• Utility room
• Single bedroom to attic
External
• Large gardens to the rear with lawns, shrubs and patio area.
• Large garage with storage area above
• Ample on-street parking to the front of the premises
• Off-street parking to side and rear
Tenure
Advised Freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2334 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
