Freehold Bakery Located In Atherstone

Freehold Bakery Located In Atherstone
Bakers, Confectioners & Takeaway
Established For 140 Years
2 Bedroom Self Contained Accommodation Above

Ref 3190

Asking Price £599,950 plus sav (£10,000)

Location
This established and highly respected Bakery is located in Atherstone, north Warwickshire. Situated on within a prominent and highly visible trading position on Long Street within the town centre. W C Masters & Son is ideally situated in the main shopping area of Atherstone, alongside other complimentary retail businesses, many of which are independents and thus benefits from high levels of footfall, regular custom and passing trade. The town is expanding with over 1,000 new homes being built which will increase footfall.

Business Description
Veritas Business Sales are privileged to offer to the market this prolific bakery which is located in Atherstone. The business has been established for 140 years and has been in the careful hands of the current owners since 1984. They are now offering the business for sale so that they can enjoy a well deserved retirement.
The business comes with all equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. W C Masters & Son is family operated with a loyal team of 5 full time & 5 part time members of staff and for year ending 30 June 2024 posted a turnover of £590,189 with a gross profit of £198,212 (34%) and an amazing net profit of £120,000. Approximately 90% of turnover is retail where they sell breads, cakes, pastries, sausage rolls, pork pies, scones, bread rolls, muffins, confectionery, crisp, snacks, hot & cold drinks, milkshakes, sandwiches and baguettes. The remaining 10% derives from wholesale where they have 3 clients.
We believe that there is potential to increase revenue should you wish by expanding on the current opening times, promote outside catering, implement a website and by increasing the wholesale side of the business. This is a fantastic opportunity to purchase a well established turnkey business which is a great base to build upon and as such early viewing is highly recommended.

Retail Opening Times
Monday – 08:00 – 16:00
Tuesday – 08:00 – 17:00
Wednesday – 08:00 – 15:00
Thursday – Saturday – 08:00 – 17:00
Sunday – closed

Bakery Opening Times
Monday – Saturday – 04:00 – 12:00
Sunday – closed

Ground Floor
Retail shop comprising: sales & display shelves, upright drinks fridge (Coca-Cola), 3 x serve over glass display cabinets, serve over hot food display cabinet, window display cabinet, stainless steel serve over carvery counter, insect zapper, various bread display shelves, saladette with 3 door undercounter fridges, worktop with stainless steel sink drainer, wash basin, base storage units, 4 x wall mounted shelves, worktop with base storage units, microwave, numerous menu boards, worktop with storage shelves below, bean to cup coffee machine (Jura) and a wall mounted air-conditioning unit.
Storeroom with storage racking, metal trolley and numerous plastic bread storage baskets.
Staff room with cloak hangers and chest freezer.
Kitchen with stainless steel sink drainer, washing machine (Indesit) and metal trolly.
Dry good room with 5 x large chest freezers, Chef King moulding Machine and 2 x stainless steel upright fridges.
2 x staff W/C’s.
Stainless steel wash basin, wall mounted water heater, wall mounted paper towel dispenser and wall mounted hand dryer.
Finished good room with various storage racking and plastic storage baskets.
Main bakery with stainless steel preparation tables, batch moulding machine, upright fridge, custard tart press, dough mixer, ceiling fan, pie die machine, dough separator, perimeter shelving, Mono bread moulder, 4 deck electric oven, 2 deck gas oven (collectible and vert sought after!) 2 x bread proving cabinets, 2 x Hobart mixers, rooflights and stainless steel sink.
Office with perimeter shelving and room for desk, chairs and filing cabinets etc.
Freezer room with tiled floor, fluorescent lighting, perimeter shelving.
Hallway with flour storage area, chest freezer cloak hangers and door to side leading to a parking area.
Goods Room with three chest freezers, 2 porkpie machines and perimeter shelving.
Changing room with shower cubicle and stainless steel wash basin.

External
Side yard with stairs leading to the accommodation and rear parking for (5) and bin area.
Stairs leading to the first and second floor is a self contained, two bedroom flat with lounge, kitchen and bathroom. This is ideal for owner’s accommodation or to generate additional income. The flat is currently rented out and achieves a monthly rent of £500.

EPC Rating C