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Established Bakery with Development Potential for Sale in Pontefract

 Pontefract, West Yorkshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    12/02/24

  • Advert ID

    606600

  • Reference

    590350 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £400,000
  • Turnover: £442,000 (£8,500 Per week)
  • Net Profit: Not Applicable

Business Details

Bakers & Confectioners For Sale in Pontefract

HUGELY BUSY, LONG ESTABLISHED RETAIL BAKERY, TO INCLUDE PROPERTY AND LAND WITH DEVELOPMENT POTENTIAL in West Yorkshire for Sale.

Once in a generation opportunity to acquire a long-established and tremendously busy bakery in West Yorkshire. The bakery has operated from these premises for over 100 years we believe, and has continued trading very successfully under the current ownership for the last 40 years. The owners intend to retire now, leaving a huge opportunity for energetic new owners to take over this business which is considered an institution in this close-knit but densely populated township.
THE BUSINESS - The business trades from the retail shop premises and enjoys excellent profit margins as they make most of their own pies and breads and only sell within their shop and not through lower margin wholesale outlets. The shop has an average turnover of between £8,000 and £9,000 per week, over very short opening hours. Sales turnover for the year to 31 March 2023 was £452,179 net of VAT and the financial accounts show tremendous net profits. Detailed trading and Profit and Loss accounts will be made available to interested parties who have formally viewed the property.
THE PREMISES - The business and premises are available Freehold, although leasehold offers for the goodwill of the business, fixtures, fitting and equipment may be considered.
The Premises comprise:-
Ground floor: Lock-up shop front with sales counter and several substantial, back of house, product prep areas, bakehouse area with commercial baking ovens, two walk-in fridges and lots of storage.
First floor above the retail shop: Two double bedrooms.
First floor over the bakery: Additional storage plus managers office or living room / bedroom. Additional double bedroom. Fully fitted modern kitchen and house bathroom. Box room.
Second floor: Double bedroom and full suite bathroom.
The private accommodation is partially renovated and has potential for conversion into a rental producing multiple occupancy home, two or more flats, or one substantial home.
Externally: Large car park on a flat lot, extending to approximately 440 sq mtrs (4,700 sq ft). EPC Band D.
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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.

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