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Thriving Independent Bakers And Sandwich Shop

Fareham, Hampshire
Leasehold Price:
£94,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
224282
Reference
B04479 / Rightbiz
01204556300

Details

Business
Hilton Smythe welcomes to the market La Boulangerie.

A thriving independent bakers and sandwich shop established by our clients 38 years ago, who now have decided to offer the business for sale due to their wish to now retire.

The business is proud to be one of the true bakers offering a large range of freshly made,bread rolls, baguettes and loaves.

The business is derived from walk in retail customers with a split of 20% bread, 40% morning goods and 40% savoury/ freshly made rolls.

The business would suit either a buyer looking to continue the heritage of a local baker or someone looking for a successful sandwich shop with outside catering potential.

The traditional shop with feature oven is split into 3 areas,the baked breads, rolls, baguettes section. Large array of morning goods which include,

• Danish pastries,
• Iced fingers,
• Tarts,
• Scones,
• Sausage Rolls
• Danish pastry
• Small cakes and more.

There is a large hot selection of, sausage rolls, pasties and pies with a fresh menu of filled rolls and sandwiches to take away.

The business concentrates on traditional bakery choices with very high margins, currently they don't offer any confectionery options or celebration cakes which could quite easily be added to boost further sales.

The extensive preparation area with rear car park access would be ideal for those looking to add outside catering services or deliveries.

Our client used to offer a bakery menu to local businesses including bars and restaurants.

Any new buyer could add back the commercial arm of the business to help increase current sales levels as well as implement a new website, social media presence and advertising campaign.

There is also demand in the area for deliveries, off van sales and celebration cake orders.

A full handover will be offered to any new buyer.

Hilton Smythe advise early viewing to avoid disappointment.

Location
La Boulangerie occupies a highly visible trading position in West Street in the centre of Portchester in Fareham, Hampshire.

The business enjoys the benefits of sitting alongside major high street Lloyd bank, Co-op supermarket, main Post Office, Pharmacy, Iceland supermarket, and independent Cafes.

Portchester is part of the borough of Fareham and approx 4 miles northwest of Portsmouth.

The town centre is accessed just off the M27 cross country motorway. The nearest mainline train station is Portchester.

Customers enjoy the choice of 2 car parks, the nearest directly behind the shop unit which offer free parking for visiting shoppers.

Premises
Ground floor -

1. Walk in shop area with L Shaped service counter, feature traditional built in oven, feature brick walls and array of lit product display shelving. The decor has a distinctive French feeling to complement the name of the business.
2. Large rear preparation area with array of bakery equipment (see below)
3. Staff changing area and toilet

Equipment Included,

600 litre "Polarcold" upright fridge
"Williams" 40 tray retarder
"Williams" 40 tray freezer
2 "Proven" 18 tray provers
4 deck "Mondial Forni" electric deck oven (glass doors)
"OASE" spiral dough mixer
"Hobart" 15 qt tabletop mixer
"Mono" 30 piece automatic roll moulder
5 stainless steel bakery racks
3 6ft stainless steel tables
1 10ft stainless steel table
"Rondo bench pastry roller
Extractor canopy and trunking etc
"Silverwing" 6 ft refrigerated sandwich preparation table
2 (4 dept) cash registers
2 "Buffalo" heated display cabinets
Bread slicer machine
Tart blocking machine (John Hunt)
"Hobart" cheese grater
Knives, pans, trays and all sundry equipment
Doughnut fryer
Stainless wall cupboards
All shop display fittings
Stainless steel bread display rack

Tenure
We are advised the business will be sold as a Leasehold opportunity with a new Lease available for any new buyer with terms to be agreed to suit.

The annual rent payable will be just £12,500 per year.

The business currently enjoys full small business relief with 0 rates payable in the current year.

Hours
Monday / Tuesday / Thursday & Friday 9:00am to 5:00pm
Wednesday 9:00am to 2:00pm
Saturday 8.30am to 4:00pm
Sunday Closed

Currently the business is closed Sundays and Bank Holidays which allows further opportunity to increase opening hours and turnover.

Staff
The business is run and managed by our clients with the help of 2 full time members of staff and 10 part time members of staff

Financial Profile
We are advised the business generates an advised turnover in the region of £202,879 as if the 2017 accounts, with very healthy gross profit of £145,704 and net profit of £53,001.

This achieved with only 48 weeks trading per year.

Seller Details
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Listing Details
Leasehold Price: £94,950
Tenure: Leasehold
Marketed By: Hilton Smythe
Sector: Bakery Businesses
Financials
Annual Turnover: £202,879
Location Statistics
What's nearbyi:
Abbey Plumbing & Heating (approx. 0.9 mile)
Joint Venture Properties (approx. 1 mile)
3 The Hornbeams (approx. 1 mile)
ARC Wealth Management (approx. 1 mile)
D Rodger (approx. 1 mile)
Listing Statistics
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