Sold

Award Winning Bakery

Bristol, Avon

£75,000 +SAV

Ref: B04908

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Description

Hilton Smythe are pleased to have been given the opportunity to manage the sale of East Bristol Bakery Ltd which is a well established business with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.This award winning business is listed as one of the top 30 bakeries in the country by the Sunday Times.East Bristol Bakery was founded by the current owners in 2012 and the business has been a real labour of love for them. The business is now being sold, albeit reluctantly and with a heavy heart only due to a wish to pursue a change of direction. The vendors are keen to see their beloved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.East Bristol Bakery Ltd is an award winning, open plan bakery in the heart of Easton that believes in real bread. The focus of the business has always been on high quality, handmade bread and cake. Using a variety of traditional methods the business produces everything following the ‘Real Bread’ campaign ethos of no unnecessary ingredients, using just flour, water, salt and yeast. Flour is organic and comes from Shipton Mill and the business uses British flour where possible and alongside the usual wheat offerings they also make Rye and Spelt Breads.The business also produces award winning cakes. They rotate their cakes according to the seasons but always keep a staple of popular favourites such as Salted Rye Cookies, Cherry Marzipan and Ginger Cake, always ensuring that only the best possible ingredients are used and never comprising on quality.East Bristol Bakery Ltd supply some of the most reputable restaurants, cafes and delis in and around the city of Bristol.The sale will include the company website (eastbristolbakery.co.uk) and the business enjoys great visibility on the internet with its own Facebook and Twitter pages and brilliant reviews from the likes of www.bristolfoodnetwork.org, www.goodenergy.co.uk, www.eastontouristboard.co.uk, www.getawriggleon.com etc.Scope to Improve 1. Advertising and marketing campaign 2. Update the existing website 3. Extend the opening hours 4. Introduce baking classes 5. Employ a Sales Manager to canvass local businesses with a view to becoming their preferred supplier.6. Introduce a sandwich round delivering to local businesses Reasons to Buy 1. A well established business with an reputation and many regular customers 2. Low running costs with inexpensive rent and no business rates 3. Perfect trading position with loads of footfall and passing trade 4. Current owners would be happy to offer a handover to ensure the continued success 5. Ideal owner managed or partnership business 6. Everything included in sale making this a real Turnkey business opportunity 7. Ideal bolt on to an existing Bakery Hilton Smythe highly advise early viewing to avoid disappointment. This lovely little business is likely to attract considerable interest.

Tenure

Leasehold

We are advised that the business is being sold as a leasehold business opportunity. The existing lease has approximately five years remaining. We are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner. The rent is £10,800 per annum which is really reasonable given the size and location of the premises.We are advised that the business benefits from being exempt from business rates.

Hours

Monday ClosedTuesday to Friday 9.00am -6.00pmSaturday 9.00am until produce is soldSunday Closed

Staff

The business is run and managed by our clients (2) with the help of 3 full time staff and 2 part time.

Financial Profile

East Bristol Bakery Ltd generated an advised turnover of circa £171,000 as of the 2018 accounts with a gross profit of roughly 80% and an adjusted net profit of approximately £55,000.

Location

East Bristol Bakery Ltd is located in the Easton area of Bristol.Easton is the name of both a council ward in the city of Bristol and a suburb of the city that lies within that ward. The Easton ward covers the areas of Easton , Croft’s End, Stapleton and part of Fishponds. In the north-west it’s boundary is the M32 motorway, which roughly follows the River Frome. Former home to Banksy, the area has a strong sense of community and is popular with bohemian creatives.Bristol is a city and county in South West England with a population of 459,300. The wider area has the 10th largest population in England. The urban population of 724,000 is the 8th largest in the UK. The city borders North Somerset and South Gloucestershire, with the cities of Bath and Gloucester to the south-east and north-east, respectively. South Wales lies across the Severn Estuary.One of the UK’s most popular tourist destinations, Bristol was selected in 2009 as one of the worlds top ten cities by international trade publishers Dorling Kindersley. The Sunday Times named it as the best city in Britain in which to live in 2014 and 2017.The M4 motorway connects the city on an east-west axis from London to West Wales and the M5 is a north-south west axis from Birmingham to Exeter. The M49 motorway is a shortcut between the M5 in the south and the M4 Severn Crossing in the West, and the M32 is spur from the M4 to the city centre. The Portway connects the M5 to the city centre and was the most expensive road in Britain when opened in 1926.East Bristol Bakery Ltd is ideally situated in a prominent corner position in a densely populated residential area with a mix of property types, including Victorian terraces, 1930’S houses and modern builds. The area is popular with families, couples and students and the business thus benefits from high levels of footfall and passing trade as well as an impressive revenue stream from regular customers.The business is nicely presented and maintained with clear visible signage. There is free on street parking in the streets surrounding the premises.

Premises

East Bristol Bakery Ltd occupies the ground floor of an attractive, period style property and briefly comprises;Bakery.Windows to front and side and glazed door creating a light airy and inviting interior. Tiled floor to front, fluorescent lighting enhanced by LED spotlighting, heavy duty racking for storage of flour, bespoke counter with timber worktop, chalked menu boards, purpose-built bread racking.Open plan bakery with vinyl non slip flooring comprising:-• Modular Bakery 5 deck oven with steam,• 60kg Spiral dough mixer,• Williams upright fridge, • Stainless steel handwash basin with soap and paper towel dispenser, • Tiled splashbacks, • Twin deep stainless steel sinks with drainer and useful storage beneath, • Stainless steel preparation tables, • Hobart Mixer, • Food processor, • Buffalo induction hob, • Perimeter shelving, • White larder fridge, • 4 slot toaster, • Grey kettle, • Chest freezer, • 2 sets of weighing machines.

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