Hilton Smythe are delighted to present to the market Orli Bakery
Established by our client in 2013 and offered to the market to allow them to concentrate on another business not in this area.
100% takeaway business. The bakery specialises in a range of Kosher products including breads, bagels, cakes, donuts, pizza, Purim, bespoke cakes to order, bread rolls filled with soups, cold drinks and coffee and teas to takeaway. The business holds a 5 star food and hygiene rating.
Split between retail takeaway sales and some external contract work. The business used to be 70% contracts supplying to local schools, 3 retirement homes and restaurants but now due to the demand of the retail side, the contract work has been reduced to 40%.
60% comes from a loyal predominately Jewish customer base, who love the range of Kosher products. Our client advises us that the potential to grow the funeral and wedding orders would add easily 40% to current turnover.
Any new owner could add to the team to increase the contract work and meet the demand for orders.
Many of the business customers come from nearby Chigwell, 5 mins away, with a large Jewish community based in this area.
We are advised a new website is currently under construction and the business already has an active Facebook with 4.2 out of 5 customer reviews.
Early viewing of this niche business venture is highly recommended. With our client happy to offer a hand over period if required.
TENUREWe are advised Leasehold.
The original lease length is 21 years
As of 2017, 17 years remain.
Rent is £22,500 per year
Business rates are £9000.
HOURSThe business currently opens: -
Sunday to Thursday 7.00am - 7.00pm
Friday 7.00am -2.00pm
A new owner may consider extending opening hours.
STAFF1 full time Manager, 1 full time Baker and 5 part time counter staff doing on average 20 hours each per week.
FINANCIAL PROFILEAs per the 2017 accounts, turnover is in the region of £300,000, with a gross profit at circa £180,000 and net profit at £120,000.
Orli Bakery sits within a busy parade of shops on the High Street, Barkingside, Ilford, London.
The High Street (A123 ) links into both Tomswood Hill and Forest Road which connects directly to the A12, a busy commuter road leading to central London and to the M25 motorway.
The nearest tube station is in Barkingside.
Orli Bakery is a Jewish bakery specialising in Kosher products and is cleverly poisoned next door to a busy Kosher butchers. There is also several schools and residential homes surrounding the business from which the business derives its trade.
Our client advises us this is a destination business due to its type of customer and does not depend on passing trade.
Equipment included in the sale
4 x Shelve structure
1 x Display fridge
1 x Industrial coffee machine set
1 x Mini display fridge
2 x Drink fridge
1 x Freezer
1 x Industrial size fridge (room)
1 x Industrial size freezer (room)
3 x Work stations
1 x Industrial size mixer
1 x Industrial steamer
1 x Industrial size oven (5 stages)
1 x Storage room
1 x Microwave
1 x Frier
1 x Toaster
1 x Mini over
10 x table
16 x Chairs
1 x Bread cutter
1 x Prover
1 x Washer
1 x Gas