Modern Bakery & Cake Shop in Ramsgate For Sale

Semi-detached property, excellent High Street trading position, residential and commercial area, MINSTER, RAMSGATE, Kent.

Turnover £ 1,000
Price £15,000

Features

Modern Retail Bakery & Cake Shop (closed)

6 DAYS OPENING

Table and chairs to the front.

No parking restrictions.

SINGLE FRONTED PREMISES, in the region of 315 ft², synthetic click flooring, plasterboard ceiling with LED ligt panels.

Sales counter - Cash register, hot cabinet, serve over counter, display fridge,

Kitchen area - Electric oven, microwave, 2 freezers, double sink with drainer, coffee machine (on lease), sandwich making table with stainless steel surface, etc,

Small stock room with fridge/freezer.

Staff cloakroom with shower, wash hand basin and toilet.

Turnover

WE ARE INFORMED by the owner WHEN TRADING the turnover averaged £1,000 p.w. with a Gross profit of 65% approx.

Outside

Garden and bin store.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 9 years in 2024 with reviews every 3 years (next review 2027) at a current rent of £7,200 p.a.

Business Rates from April 2025 £1,250 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE LEASE, FIXTURES & FITTINGS £15,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.