Prime Waltham Cross Bakery/Cafe Leasehold for Sale - Established in 2021
Waltham Cross, Hertfordshire
- Status
FOR SALE
- Date Submitted:
23/02/22
- Advert ID
291097
- Leasehold: £45,000
- Rent: £17,000
- Turnover: £150,000 (£2,885 Per week)
- Net Profit: On request
Key Features
- Prime Location
- Attractive Business
- Close to Local Amenities
- Large Business for Sale
- Free of Tie Leasehold
- Central Position in Affluent Village
- Town Centre location
- With Car Park
- High Turnover
Business Details
Leasehold Bakery for Sale in Waltham Cross Shopping Center
Bakery / Cafe for sale - leasehold
The bakery has a central location in Waltham Cross, Hertfordshire. The Bakery / Cafe was established recently in 2021, offering a range of freshly baked products including hot and cold sandwiches, pies and breads. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. The business has continued to trade solidly throughout covid-19 and lockdown.
In the heart of Waltham Cross - It’s location in a busy shopping centre - Pavilion Shopping Centre with a footfall of over 5000 people a day. There is public transport nearby with the bus station only 30 seconds away. There is an overground station only a 10-minute walk away.
The Bakery/cafe has traded solidly since opening has established a strong repeat customer base. The business does an average of £2.5,000 - £3,000 per week in sales.
There is no other competition in the surrounding area, only a cafe/bakery in the area. The sale is for the leasehold of the business at £45,000, or your nearest offer. The bakery/cafe has all the equipment ovens, fridge, freezer, a new coffee machine, a new oven, cabinets, tables and chairs. The stock is also included in the price.
The business is spread across two floors. You can expand the seating area on the second floor or use it for other means. We have a staff of two employees.
The bakery is open seven days a week and the timings are:-
Monday to Friday: eight am to six pm
Saturday: 7:30 am to six pm
Sunday: 10:00 am to four pm (same operating hours as the shopping mall)
The business currently benefits from Small Business Rates Relief and retail relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
Rent: £8.500 for the first year then £17K annually
The business is ideally suited to a hands-on owner-operator but due to the current owner's recent health concerns, the business has been put up for sale.
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
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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.
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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.'.
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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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