For Sale

Well Known Bakers Specialising In Danish Baking

Hackney, City of London

£189,995 +SAV

Ref: B04756

Contact sales negotiator

James Cunliffe

01204 556 300

Email James Cunliffe

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Description

Hilton Smythe welcomes Charles Bread Ltd to the market.

Charles Bread Ltd has been established since 2016 and during that time our clients have grown the business considerably.

Specialising in Danish baking, Charles Bread Ltd offers an array of organic freshly baked breads and pastries such as Cinnamon buns, rye bread, almond Danish, choki Danish and olive focaccia to name a few.

The business comes with two premises, the shop which is located along Lower Clapton Road and the bakery which is located in the Arches of Ponsford Street. From the Arches premises, Charles Bread Ltd also offers delivery of wholesale bread and pastries to cafes, restaurants, pubs, grocery stores and shops within the local area.

Our clients also offer bakery classes which take place at the weekend where people can come along to the Arches premises and enjoy a full day hands-on workshop, introducing the key principles of making and baking healthy and nutritious sourdough bread, and Nordic inspired pastries.

The current owners are now looking to sell the business due to the desire to pursue other business opportunities.

Potential:-

• Increase the delivery area of the wholesale business
• Extend opening hours
• Add tables to the shop for customers to sit and enjoy
• Add a greater selection to the shop such as sandwiches and cakes

Tenure

Leasehold

Shop

We are advised this business is being offered as a Leasehold opportunity with 6 years remaining from the original 8 year Lease, with annual rent of £12,500 per annum and the business rates being £5,624 per annum.

Bakery

We are advised this business is being offered as a Leasehold opportunity with 2 years remaining from the original 3 year Lease, with annual rent of £21,600 per annum and the business rates being £4,075 per annum.

Hours

Monday to Friday 8am till 3pm
Saturday 9am till 4pm
Sunday 9am till 2pm

Staff

The business is being run by the current owners along with 3 part-time members of staff and 1 full-time baker.

Financial Profile

We are advised the business is currently generating a turnover of £235,361 with a gross profit of £181,852 and net profit of £65,135 per annum.

Assets: £30,000

SAV: £4,500

Location

The business is located along Lower Clapton Road, London.

Lower Clapton is a district of East London in the London Borough of Hackney, lying immediately North of Hackney Central, the borough's administrative and retail centre.

Charles Bread is located 0.6 mile drive from Hackney Central Station which operates an overground service.

Premises

Shop

Fully glazed windows and door, providing an airy and inviting interior with wood flooring throughout which creates a rustic bohemian feel.

As you enter the shop you are greeted with the counter to your left which houses the till system and a selection of the breads and pastries on offer.

There is potential to the right and rear of the premises to add tables and chairs for customers to dine as well as take-away.

Staff toilet facilities are located at the rear on the right-hand side.

Bakery

Located within the railway arches with ample space outside for parking or to add tables and chairs.

The premises is laid out with all the equipment needed to produce the bread and pastries for the shop and the wholesale business.

Equipment

Shop

• 2 x Display chillers
• 2 x Counter tables
• Coffee machine
• Coffee grinder
• Panini machine
• Microwave
• Domestic fridge

Bakery

• 80kg Mixer
• 30kg Mixer
• 2 x Double door fridge
• Single door fridge
• Dough laminator
• Prover, microwave
• Tom Chandley oven
• 2 x Rofco stone oven
• 3 deck oven

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