Top Baguette Shop in Bridgend Seeks New Owner
Undisclosed, Bridgend
- Status
FOR SALE
- Date Submitted:
29/12/22
- Advert ID
505676
- Reference
B07150 / Rightbiz
- Call Agent:
- Leasehold: £114,995
- Turnover: £306,666 (£5,897 Per week)
- Net Profit: £46,666 (16% Profit margin)
Business Details
Highly Rated Baguette Shop In Bridgend
BusinessPlease quote reference B07150
CoGoGo are delighted to welcome to the market Harrys Baguette Shop, a highly rated Baguette Shop in Bridgend, Glamorgan.
Harrys Baguette Shop was originally established in 2001, before our client took ownership in 2020. During that time, the business built up an excellent reputation during its time of trading. As seen by the online ratings and reviews, the business is extremely popular within the local area.
The business has now come to the open market due to our clients desire to focus on their other business.
The sale of the business includes 2 sign written vehicles (Toyota Ago). They are used by the drivers to deliver and they are both paid for.
Key selling points -
- Excellent location
- Well established with an outstanding reputation
- Staff in place
- Huge scope for expansion
- Orders taken via Just Eat, Food Hub, Telephone and their own website
- Push advertising/marketing
- The area is always wanting the shop to be open later. They get asked all the time to trade 8am-10pm.
Location
Harrys Baguette Shop is located on Bridge Street, in Kenfig Hill, Bridgend.
The business has eye catching signage and receives high levels of footfall and passing trade.
There is a bus station right outside the shop. The exposure to locals it’s extremely good.
Premises
Occupies a double fronted premises on a busy road.
Entrance to the serving counter area, glass display fridge. Kitchen/Preparation area to the back of the unit.
The premises benefit from ample parking drive way out the back (3 vehicles) as well as front of the shop - for the drivers as well as customers.
The shop front( widows, doors, awning) are brand new. They’ve been fitted in 2021.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 8 years remaining on the 10 year lease. The rent is £925 per month and has no business rates.
Hours
The current trading hours are -
Monday to Friday - 8:00am - 4:00pm
Saturday - 9:00am - 4:00pm
Sunday - 9:00am - 5:00pm
Staff
We are advised that the business is run and managed by our client, with the help of 15 part-time members of staff.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £305,000. Full financials can be made available upon further request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
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.
Stay Safe
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.
Be safe, use a Rightbiz Solicitor
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