Status: Sold STC
Tenure: Freehold / Leasehold
Turnover: £137,878
Bakery Offering Fresh Food Plus ConfectioneryBakery Offering Fresh Food Plus ConfectioneryBakery Offering Fresh Food Plus Confectionery
£199,995 + SAV
Leasehold option available at £45,000 + SAV

Bakery Offering Fresh Food Plus Confectionery

Sold STC
  • Reference: 13262 D
  • Location: Bolton, Greater Manchester
FREEHOLD £199,995+SAV
LEASEHOLD £45,000+SAV

Hilton Smythe welcomes to the market JF & J Settle, which is currently trading as Settle's Bakery. This bakery was originally established by our client in 1966. The business has an exceptional reputation in this area for its great quality products and services provided. The owner is now looking to sell the bakery, due to the desire to take a well-deserved retirement.

The business runs as a bakery, sandwich shop and convenience store. The store sells an excellent variety of products. This includes hot breakfasts, freshly made sandwiches, cakes, pies, confectionery, soft drinks, Rijo coffee, alcohol and cigarettes. Our client also offers an outside catering service; this has proven to be very popular and has a great reputation.

This is a popular store within the local community as well as football fans and passing trade.

The business is currently generated an advised turnover of around £138,000 as of the 2015 accounts, with a gross profit of 45%. This is a healthy turnover that we feel could be increased slightly. Although this business has an exceptional reputation in the area, we feel with a business website there could be more custom from further afield. The internet is a great way of marketing a business.

The outside catering side of the business is a great asset. This is a highly complementary service that should be expanded. Social media sites such as Facebook and Twitter are cost effective ways of marketing a business.

A leasehold option is available for £45,000 + SAV, a new lease is to be agreed.

Included in the sale is a self-contained two-bedroom owner's accommodation. This is a great sized flat that is currently let out for an extra monthly income. The new owner could continue to rent this space, if not required. The flat may also be a perfect home for a husband and wife team, who are looking to relocate to this location.

This is a fantastic Freehold opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

TENURE

We are advised the business is being sold as a Freehold opportunity.

A leasehold option is available for £45,000 + SAV
New lease to be negotiated.

HOURS

The business opening hours: -

Monday: 8am - 3:30pm
Tuesday: 8am - 3:30pm
Wednesday: 8am - 3:30pm
Thursday: 8am - 3:30pm
Friday: 8am - 3:30pm
Saturday: 8am - 2pm
Sunday: Closed

STAFF

The business is run and managed by our client, with the help of three members of staff.

FINANCIAL PROFILE

The business generates a turnover in the region of £138,000 as of the 2015 accounts, with a gross profit of 45%.
JF & J Settle is located in Lostock, Bolton within Greater Manchester.

The business is set within walking distance to the Macron Stadium, home to Bolton Wanderers Football club. The bakery receives a generous amount of trade on match days. Also close by is the Middlebrook shopping complex, which attracts large amounts of footfall daily.

Although there are a generous number of visitors to the area, the business also benefits from its residential location. There is a large amount of housing around and several independent businesses are situated within walking distance of the property.

Lostock is a sort after area, with its large houses and prime commuting location. The area has its own golf club, tennis club, primary school, train station, private hospital and parish church.

The business is ideally located on the A673 Chorley Old Road which is an arterial road. The road connects to the towns of Horwich, Lostock, Westhoughton and Bolton, as well as linking to the M61. The business is just a short 15-minute drive away from the town centre of Bolton, as well as just a short 5-minute drive from the centre of Horwich.

There are great public transport links in this location. The road is one of the main bus routes in the area and the closest train station is in Middlebrook, just a short walk away.
JF & J Settle boasts a corner property at the end of terraced houses. The property is well-signed with a large window to the front, this allows for a bright and airy retail space. At the front of the bakery there is a seating area for customers.

On entrance is the main retail space. There is perimeter shelving with display racks, an open front drinks chiller, large glass serve over chiller and an ice cream serve over chiller.

Behind the serve over chiller is the service area. There is a cigarette gantry and shelving for alcohol. This area has a work top unit with cupboards and a fridge. The counter top has a till, coffee machine, other equipment for making coffees and pie warmers. From the ceiling hangs a menu board.

To the rear of the property is the bakery. This bakery is fully equipped with stainless steel fixtures and fittings. The room has a hand wash basin and more equipment, which is listed below.

Equipment included in the sale includes: -

Shop area:

Shelving
Ice cream serve over chiller
Double serve over glass chiller
Scales
Cigarette kiosk
Pie warmer
Rijo coffee machine
Till
Card terminal

Bakery:

Fridge
Three pie ovens
Stainless steel preparation table
Range cooker
5 ring gas hob
Large griddle
Electric double oven
Pie maker
Pastry roller
Industrial microwave
Fridge
Mixer
Bacon slicer
CCTV

There is a separate kitchen with base units a stainless-steel sink, fridge and a microwave. Located at the back of the property is a staff toilet. A separate store room comes with an upright freezer and two fridges.

On the first floor of the property there is an owner's accommodation. This has a kitchen, lounge, two double bedrooms and a bathroom. The accommodation has a separate entrance to the side of the property. The flat is currently let out.

Contact us today for more information

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