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Bakery, Shop and Cafe for Sale

Colchester, Essex

£82,500 +SAV

Ref: 1615

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Description

Hilton Smythe welcomes to the market these three outstanding businesses. Mersea Island Bakery Ltd, Acclaimed Celebration Cakes Ltd and Table Dainties Ltd. Established in 1975 the businesses have been under the careful control of our clients for the last 3 years.

As previously mentioned Mersea Island Bakery Ltd and Acclaimed Celebration Cakes Ltd both operate from the same fully equipped premises producing a wide variety of celebration cakes and pastries. To the front of the bakery is a pristine 12 cover cafe, very well maintained with modern furnishings, with a further 16 covers outside to the frontage serving the tempting produce, opening for breakfast and lunch. The business has an excellent reputation and is well supported by the local community with a loyal customer base as well as benefiting from additional trade from the many visitors to the region.

We believe the business has massive potential to further develop, currently run at a pace to suit our client the trading hours could be extended. Additionally, the business currently does not produce bread although fully equipped to do so, if a variety of breads were to be introduced we believe this would prove extremely lucrative, as would introducing an outside catering arm to the business.

The business would also benefit from introducing a web site and marketing on social media websites to further promote awareness. We feel with an injection of marketing, in particular towards the tourist industry and developing the wholesale side of this already profitable concern to the many local businesses in the region would see positive results on income.

Above the business is a self contained two bedroom flat currently let out, but could be used as owner’s accommodation if required.

Table Dainties Ltd is an outlet shop for the bakery products located in close proximity to the very busy Colchester town centre.

Naturally, early viewing of this turn the key business offering a lifestyle change in this lovely town comes highly recommended.

Tenure

Leasehold

We are advised leasehold.

Acclaimed Celebration Cakes Ltd and Mersea Island Bakery Ltd with a combined rent of £13,500 per annum, with a new lease to be negotiated.

Table Dainties Ltd rent is £7,000 per annum, with a 5 year lease and 2.5 years remaining.

Hours

To be advised.

Staff

To be advised.

Financial Profile

Acclaimed Celebration Cakes Ltd reported turnover is £81,835 and reported gross profit at £53,830.

Mersea Island Bakeries Ltd reported turnover is £86,256 per annum and gross profit at £30,747.

Table Dainties Ltd reported turnover is £111,000 with reported gross profit at £39,864.

Location

Mersea Island Bakery Ltd and Acclaimed Celebration Cakes Ltd both operate from a fully equipped bakery with shop and cafe to the frontage in the small town of West Mersea in Colchester, Essex.

The businesses occupy a large prominent premise on Barfield Road in this delightful coastal resort, nestled amongst a retail parade and surrounded by a plethora of residential houses serving the local community and many visitors alike.

West Mersea is the largest of two residential settlements on Mersea Island, the smaller being the village of East Mersea. The town boasts an RNLI lifeboat station and the town is host to an annual regatta. The town is served by a community centre and various independent shops. The town also provide good facilities for the many tourists to the Island housing several, restaurants, small hotels and a numerous caravan parks.

Our clients also run and manage an outlet shop, Table Dainties Ltd located on the main arterial Mersea Road, in the historical affluent town of Colcester. Ideally located at the end of a parade of retail shops in a heavily populated residential area ensuring heavy footfall and busy passing trade throughout the day.

Colchester is one of the fastest growing towns in Britain, with a population of circa 104,000. The town is only around 50 miles from the City of London with the A12 providing an easy commute between. The town is reported as the oldest recorded Roman town in Britain with archaeologists discovering the remains of a chariot race track underneath the Garrison and the town is also home to its own castle.

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