Status: For Sale
Tenure: Leasehold
Leasehold Rent: £585 per month
Turnover: £150,000
Busy Bakery and Outside Catering Business For SaleBusy Bakery and Outside Catering Business For SaleBusy Bakery and Outside Catering Business For SaleBusy Bakery and Outside Catering Business For SaleBusy Bakery and Outside Catering Business For SaleBusy Bakery and Outside Catering Business For Sale
£159,999 + SAV

Busy Bakery and Outside Catering Business For Sale

For Sale
  • Reference: 12523 G
  • Location: Sheringham, Norfolk
Hilton Smythe is delighted to welcome to the market this well-established and popular bakery and catering business, which is ideally located within the town of Sheringham, Norfolk.

The business was established by our clients in 2006 and is only now being offered to the market due to our clients' desire to move on and spend more time with family. The business currently operates as and when needed to fulfil orders, generating a turnover in the region of £150,000 per annum, with a gross profit of approximately 50%.

Our clients manufacture and sell the finest quality pies, pastries, cakes and ready-made meals. The business has already secured several contracts with some large local supermarkets, having to take on agency staff to help with output.

Our clients also offer outside catering, trading as Norfolk's Hogroast, and have become one of Norfolk's best outside catering companies, available for all occasions, ranging from small family events up to large corporate functions.

The business also attends Sheringham Market every Saturday, all year round, as well as Wednesdays during the summer months from April to November.

The business has built up an enviable reputation within the area for the high quality of the goods and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by securing more contracts, perhaps from cafes and local shops within the area. a new owner could also embark on a modest marketing campaign to highlight the excellent goods and services offered.

This is an excellent opportunity for a new owner to take this already thriving and popular business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

TENURE

We are advised Leasehold:

Original lease length: 6 years
Remaining lease length: 3½ years
Rent: £585 per month

HOURS

The business currently operates as and when needed to fulfil orders.

STAFF

The business is owner run and managed with 1 x full time staff member.

FINANCIAL PROFILE

The business generates a turnover in the region of £150,000 per annum, with a gross profit of approximately 50%.
Norfolk's Pie Man occupies substantial industrial premises, ideally located within the seaside town of Sheringham, Norfolk. The business is surrounded by a wealth of complementary businesses and benefits from a high volume of footfall and passing trade. The business further benefits from excellent parking facilities to the front of the premises.

Sheringham is a popular seaside town in Norfolk. According to the 2011 census, it had a residential population of 7,367. Originally a small fishing village, the arrival of the railways in 1887 turned Sheringham into a popular destination for visitors from far and wide. Over the years it has expanded into a thriving town with many diverse shops, places to eat and places to visit. The sandy beach holds the Blue Flag award for cleanliness, which it has held for many years.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Sheringham railway station is approximately 10 minutes' walk away. The area is also well served by the A-roads, with the business being located just off the A149 and the A148 being within easy driving distance, which links to the national A-road and motorway networks. Great Yarmouth is approximately 38 miles away and Norwich is 27 miles away.
Substantial ground floor unit, briefly comprising:

Shelving and table used for packing.
Main preparation room with a large walk-in chiller.
Smaller preparation room, used for preparing meat, with a walk-in refrigerator/freezer.
Wash-up room.
WC.

External:

Well signed to the front and side.

Equipment included:

Freezer.
6 x baking trolleys and trays.
Ready meal packing machine.
2 x Hobart mixers.
7 x stainless steel preparation tables.
5 x deck bakery oven.
6 x hob electric cooker.
Blast chiller.
Sausage filler.
Commercial mincer.
2 x Mercedes vans.

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