Bakery franchise with Indian takeaway and restaurant for sale in Ashford, Surrey.
Ashford, Surrey
- Status
FOR SALE
- Advert ID
659778
- Reference
PLM/NM09 / Rightbiz
- Call Agent:
- Leasehold: £130,000 (Stock at valuation)
- Rent: £22,500 (£1,875 per month)
- Turnover: On request
- Profit: On request
Key Features
- Access for deliveries and services
- Accessible storefront design
- Accredited for quality standards
- Fully equipped baking facility
Business Details
Highly Successful Bakery Franchise Resale Combined with Indian Takeaway & Restaurant
Enjoying a prominent and prime corner location in the town of Ashford, Surrey; this successful business offers a unique enterprise which combines retail bakery along with Indian food for eat in and takeaway within a double fronted sales shop. The bakery business operates under a well-known international franchise brand, independently adjacent there is a non-franchised Indian food business offering both sit down and takeaway food
Fabulous scope exists to convert the current restaurant space into a coffee shop served by the bakery side of the business.
For sale only due to the current owner having to move abroad due to family illness.
The bright and attractively decorated double fronted premises occupy a prominent site comprising a total floor size of 630 sq. ft. and enjoys excellent visibility to both passing traffic and pedestrians. The area nearby compromises Ashford’s primary retail area with many complimentary retail and food businesses nearby. Also nearby are several schools and the local train station.
The current passing rent is a very affordable £22,500 per annum with business rates payable of £3,200 per annum. Tenure is by way of a 10-year lease of which 9 years remains outstanding.
Within the bakery section of the premises, the business operates under a 10-year renewable franchise agreement with a large international franchise. 9 years of the franchise agreement is outstanding, but a new 10-year franchise agreement is available for purchasers. Full terms of the franchise are available upon request.
Within the bakery side of the premises, there is a kitchen which could easily be adapted to fulfil orders for both the restaurant and the bakery, currently food for the restaurant is prepared off site. The business serves food to be both eaten on the premises and to take away. The restaurant currently has 14 covers.
Relationships are in place with major third-party independent food delivery platforms
The business is run by the current owner manager with 2 full-time chefs and 2 additional part-time staff.
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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.
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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.
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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