For Sale

Popular & Much Loved Local Bakery

Swansea, West Glamorgan

£179,950 +SAV

Ref: B04880

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Hilton Smythe welcomes to the market Davies of Mumbles Bakery, established in the town by our clients over 40 years and now reluctantly offered for sale due to retirement.

The much-loved business attracts a healthy mix of local residents/workers and tourists.

We are informed approx 60% of the sales are derived from cafe sit down customers and 40% to customers looking to Takeaway. There is also a very healthy telephone ordering system in place where local tradesmen place orders in advance.

All meals are freshly prepared to order, bakery products are delivered daily to the shop and finished fresh on site.

Our clients offer an extensive menu which includes

• Traditional breakfasts
• Salads
• Lunches
• Baked pies
• Jacket potatoes
• Baguettes/sandwiches
• Cakes and pastries
• Large selection of hot drinks to include Segafredo coffee, cold drinks and milkshakes.

The business location ensures consistent trade throughout the year, there is opportunity to increase sales by extending the opening hours, opening Sundays as well as offering more outside catering.

Full handover will be offered.

Tenure

Leasehold

We are advised the business is been sold as a Leasehold opportunity with 12 years remaining on an 18-year lease paying just £24,800 per year, rates payable to be confirmed.

Hours

Our client values the closing hours depending on the time of year,

Winter - Monday to Saturday 8.00 am – 4.00 pm, closed Sunday
Summer - Monday to Saturday 8.00 am – 5.00 pm, closed Sunday

Staff

The business is run and managed by our client with the help of 8 staff which increases with more summer casuals when the business demand increases.

Financial Profile

We are advised by our client, the Turnover as of the 2018 accounts will show £365,000, GP in the region of £200,000 and adjusted net profit of £40,000.

Location

Davies of Mumbles enjoys 1 of the most envious trading position on Mumbles Road, facing the breath-taking views over Swansea bay.

Mumbles is s headland sited in the western edge of Swansea Bay on her southern coast of Wales and marks the beginning of the Gower Peninsula coastline. The area is steeped in history and tradition. The lighthouse built in 1794, a Victorian Pier and Oystermouth castle which sits on the hill toon with fabulous views overlooking the sea.

The business benefits from been on the busiest stretch of the towns shops and attractions, the main visitor car parks are located directly in front with over 100 available spaces. The raises aspect of the parade allows clear focus from all visiting.

Mumbles is enjoying multi-million-pound investment due to increased footfall; a new 30 bedroom hotel is about to be finished less than 2 mins walk from the business.

Premises

Ground floor - 13 covers arranged to the left side of the cafe.

• Fixed L shaped service counter
• 5ft salad preparation chiller with triple stainless-steel fridge space
• 3 x bread display units
• Glass fronted cake display fridge
• Low storage cupboards
• 2 x glass fronted heated display cabinets
• Coke cola display drinks chiller

Kitchen

• Double stainless-steel preparation sink unit
• Hand wash sink
• 6 x gas burner stove
• 2 x turbo fan ovens
• 5 x microwaves
• Dishwasher
• Hot plate
• 5 x pan Bain Marie
• Selection of stainless-steel prep tables
• New safety flooring throughout
• Under counter fridge
• Fixed shelving and storage cupboards
• Heated lit storage unit
• Williams retarder
• Stainless steel 5ft upright fridge
• 2 x arm semi auto coffee machine and grinder

First floor

• 44 cover large cafe area with large windows to both side with clear views of the harbour and street
• Storeroom - 2 x chest freezers
• 1 x upright freezer
• Ladies and gents toilets with baby changing facilities

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