Retail Bakery in West London For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, WEST LONDON

Turnover £ 5,000
Price £149,000

Features

Retail Bakery with Bake off Section - E Class Use

6 DAYS OPENING

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS. Awning. Laminate flooring, LED lighting. Tables chairs seating 8 persons. Sales counter. EPOS till, 3 group coffee machine (on rental), grinder, knockout drawer, 2 serve over warm counters, serveover chilled counter, fridge, soft drinks fridge, 2 chest freezers, upright freezer, under-counter fridge with chilled stainless steel counter, stainless steel extractor, griddle convection oven, wash hand basin, single sink with drainer. CCTV (6 cameras),

Store room

Rear Bake Off section (presently not used). Tiled floor, tube lighting. Stainless steel extractor, 4-deck oven, 2 provers, doughnut frying machine, 2 large dough mixers, pastry machine, convection oven, baguette machine, marble surfaced preparation table, adjustable stainless steel shelving, tray racks, double sink and drainer, 4 double door freezers, chest freezer, 4 single door full height fridges.

Stairs to first floor

Ladies' and gentlemen's toilets with sink

2 staff rooms

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a gross profit of 60% approx.

Staff

The business is at present operated by the Manager with 2 full time staff employed plus the assistance of 2 part time staff. We are informed the wage bill averages £1,350 p.w. approx.

Trading Hours

6 Day week
MONDAY - FRIDAY 6.30 a.m - 4.30 p.m
SATURDAY 6.30 a.m - 2.30 p.m

Outside

First floor terrace

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a NEW 15 YEARS SECURE RENEWABLE lease from a private landlord, 5 yearly reviews at a rent of £25,000 p.a.

Business Rates from April 2024 £3,900 approx. after small business relief. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote