Traditional Bakery in South London For Sale

Situated in a parade, prime position, main road trading position, residential area, SE LONDON

Turnover £ 6,000
Price £135,000

Features

Traditional Bakery

5 STAR HYGIENE RATING
BENCHES TO FRONT
NEWLY FITTED 2021 TOP A HIGH STANDARD

SINGLE FRONTED PREMISES in the region of 1,150 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with spot and LED lighting, cool display counter with refrigerated storage section, sales counter, EPOS till, Coffee Machine (2 Group) (on loan), 2x coffee grinder (on loan). Tables and chairs providing seating for 28 People, CCTV system (4 cameras, 1 monitor) fire alarm and smoke detectors, shelving, ventilation, fire retarded doors, and small outdoor sitting area

Open plan kitchen area, under counter fridge, Rational Oven , baking trolly, double door fridge, double door freezer, washing system, deep sink and drainer, sink, grill, smoothy maker, boiler, juicer.

Disabled Toilet with w.c. and wash hand basin.

Boiler room.

Store room.

Office..
Basement in the region of 315 ft², not currently utilised.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by a Manager with the assistance of 3 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 7.30am - 5.30pm
SATURDAY & SUNDAY 8.30am - 6.30pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £39,000 p.a.

We understand the landlord may require a Three to Six months’ Rent Deposit (subject to references)

Business Rates from April 2024 £5,400 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 67,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote