Hilton Smythe is delighted to welcome to the market this popular and very busy bakery business, which is ideally located within the town of Barnstaple in Devon.
The business was established by our clients in 1997 and is only now being offered to the market, due to our clients' desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of £335,830 per annum, with a gross profit of approximately 35%, as per the 2016 accounts.
Our clients operate a two-tier business, with a very popular bakery retail shop and a wholesale and commercial bakery. The shop provides fresh baked goods all year round, including artisan breads, quiches, pies, sausage rolls, pizza, fresh cream cakes and celebration cakes, to name a few, as well as nationally award winning pasties.
The wholesale side of the business supplies goods to local businesses, public houses and restaurants, as well as outside catering services. The shop boasts 38 sq. metres of floor space, is very well maintained and fitted out to suit the trade.
The business has built up an excellent reputation within the area for the very high quality of the goods and services 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 extending the opening hours, perhaps by offering Sunday trading. A new owner could also embark on a modest marketing campaign to advertise the fayre and services offered. The business already has an excellent website in place to promote the business, which is very informative and offers a full price list.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
A new 7 year lease has been granted as of 2017.
Rent: £17,500 per annum for both units.
HOURSThe business operates:
Monday - Saturday: 9.00am - 5.00pm
Monday - Saturday: 6.20am - 5.30pm
STAFFThe business is owner run and managed with staff members.
FINANCIAL PROFILEThe business currently operates 6 days per week and generates a turnover in the region of £335,830 per annum, with a gross profit of approximately 35%, as per the 2016 accounts.
East and West Bakery Ltd occupies substantial ground floor, lock-up premises, ideally located within the town of Barnstaple in Devon. The business is located on the very busy Butchers Row and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.
Barnstaple is the main town in North Devon, and possibly the oldest borough in the United Kingdom. The town boasts big name high street retailers, as well as independent boutique shops and local food producers offering delicious delicacies. Barnstaple is a very popular place in which to live and work, with excellent transport links and live events on The Square in the town centre, which draws crowds in their thousands.
The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. Barnstaple railway station is just over ten minutes' walk away. The area is also well served by the A-roads, with the A39 being within easy driving distance of the property, which links to the national A-road and motorway networks. Bideford is approximately 10 miles away and Ilfracombe is 13½ miles away.
Two substantial ground floor, lock up premises in a prime trading location, briefly comprising:
Retail bakery shop with:
Well-presented and maintained.
Refrigerated display cabinets.
Racking and shelving to suit trade.
Tom Chandley convection ovens.
Double door refrigerator.
Triple door refrigerator.
Full extraction system.
High end fixtures and fittings.
Stainless steel preparation tables.
5 x tier Tom Chandley ovens.
High end refrigerators and freezers by Williams and Bongard.
Wash up area with storage and large bread slicing machine.
All phase 3 electrics.