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Well established traditional Bakery business for sale

Undisclosed, Kent
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Well established traditional Bakery business for sale
  • Leasehold: £119,995
  • Turnover: £285,247 £5,486 Per week
  • Net Profit: Not Applicable

Business Details

Business
Please quote reference B06415

Hilton Smythe is delighted to welcome to the market an extremely well-established and popular traditional Bakery, located in Kent. The Bakery was originally established over 50 years ago, and has been a family run concern since establishment, only now is the business coming to the market due to retirement.

The Bakery offers a variety of traditional fayre including breads, pastries and sandwiches, along with being well known for their selection of freshly baked cakes and croissants. The business also offers a made-to-order birthday cake selection.

The bakery operates 6 days per week and generates a turnover in the region of £290,000.

The sale of the business includes -

  • Over counter chiller
  • Commercial ovens
  • Prover
  • Mixers
  • Pie block
  • Bread trays and racking
  • Drinks fridge
  • Commercial fridge & Freezer
  • Ample stainless steel work space
The premises boast a well-equipped commercial bakery with a modern fitted retail area at the front of the premises,

The business has built up an enviable reputation within the area for the high quality of the products offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

The Bakery has an excellent reputation locally and further afield. Our client is offering a handover period to ensure the continued success of the business.

The shop is fully staffed therefore, the purchaser doesn’t necessarily need to be a baker, but would benefit from organization and management skills.

There is also a 2 bed flat above the shop, which could be used as living accommodation or rented out to a tenant, the flat is currently occupied by a long serving tenant.

We feel there is scope to increase the turnover. A new owner could increase the wholesale side of the business and embark on a modest marketing campaign to promote the goods offered.

This is an excellent opportunity for a new owner to take this already thriving business with growth potential to the next level; therefore early viewing must come highly recommended.



Location
The business is located in Kent. Centrally located within a busy shopping parade, surrounded by a wealth of complementary shops and businesses. The area is easily accessible via public transport with bus stops within the proximity.

The business benefits from 1 hour free parking on the road, along with free parking a short walk away.



Premises
The premises are well positioned on station road, with excellent eye-catching signage and space at the front for external seating.

The retail shop is fully fitted to a high, modern standard with bread display racking, drinks chiller and over counter displays.

Above the premises is a 2 bed flat, which was initially used as living accommodation for the owners, it is now rented out at £160 per week. The tenant has been there since 2015, therefore giving the option of keeping the tenant or utilising as living accommodation.



Tenure
We are advised that the business is being sold on a Leasehold basis, with 4 years remaining on the 15 year lease. The rent is £1,383 per month. 



Hours
The business hours are -

Monday – 07:00 – 17:00
Tuesday – 07:00 – 17:00
Wednesday – 07:00 – 17:00
Thursday – 07:00 – 17:00
Friday – 07:00 – 17:00
Saturday – 07:00 – 16:00
Sunday - Closed




Staff
We are advised that the business is owner run and managed, with the help of 5 full-time and 5 part-time. 



Financial Profile
We are advised as per the 2019 accounts, the business generated a turnover in the region of £285,000, with an adjusted net profit in the region of £52,000. Full financials can be made available upon further request. 

Please quote reference B06415



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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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