Cafe for saleCornwall Cakes, Unit 4, Bude Business Centre, Bude
Sold STC £49,950
- Business for sale
- AWARD WINNING BAKERY BUSINESS PRODUCING CAKES & DESSERTS FOR THE CATERING INDUSTRY
- EXCEPTIONALLY WELL EQUIPPED & PRESENTED
- CONSISTENT INCREASE IN SALES & PROFITABILITY
- EPC RATING D
An award winning bakery business based in Bude, producing cakes and desserts for catering businesses across Cornwall.
Established in 1996, the business is extremely well equipped and includes a commercial vehicle.
Sales and profitability have consistently increased over the past 3 years.
Location - Cornwall Cakes operates from Bude Business Centre on the outskirts of the coastal town of Bude. Situated on the north coast of Cornwall, Bude is famous for its expansive beaches, character property and dramatic coastline. Bude is a sought after holiday destination and also benefits from a thriving community, a selection of national and niche retailers, Primary and Secondary Schools and high levels of both service and non-serviced holiday accommodation.
The Property/Business - Cornwall Cakes produce a range of hand made cakes and desserts for catering businesses all across the south west. The business trades from an extremely well equipped unit at Bude Business Centre, a purpose built facility offering individual units with the benefit of shared facilities in the main building including a reception, kitchen, showers and wc's.
The main kitchen extends to 425 sqft in addition to which there is a further room within the main building providing a further 145 sqft of storage space.
The business benefits from two private parking spaces immediately outside the premises and additional communal parking to the front.
Our client acquired the business in 2008 and has consistently increased the annual sales and profitability during his tenure. Accounts for the year ending 31st January 2016 show sales of £103,210 with a 62% gross profit margin. Further accounting information will be made available to prospective purchasers, subject to a viewing, in the normal manner.
The Accommodation Comprises - (all areas and dimensions are approximate)
Main Unit/Kitchen - 7.719m x 5.174m, large roller up and over door with side door giving access to the commercial kitchen and office area, two windows to the rear elevation, commercial non-slip floor, two Salva commercial ovens, two large double upright fridges, one large chest freezer, five stainless steel work benches.
One 20 litre Thunderbird commercial mixer, one 40 litre free standing commercial mixer, three large upright fridges, one large stainless steel double sink drainer unit, one stainless steel dish washer, two Panasonic microwaves, range of office furniture to include two desks, two filing cabinets and shelving.
Store Room - 4.433 x 3.048m, located in the main building, window to rear, staff lockers, small stainless steel work bench, filing cabinet, glass fronted display fridge, stainless steel free standing shelving.
Commercial Vehicle - The business includes a Peugeot Partner van (2013) with a full service history and 14,700 miles.
Tenure - Tenancy At Will - The business has traded from Bude Business Centre since 2003 on a Tenancy at Will basis at a current annual rent of £7,700 per annum. The tenancy at will does not offer the tenant any Security of Tenure however the business could easily be relocated within the locality if desired without having any impact on trade.
A copy of the Tenancy at Will is available to prospective purchasers upon request.
General Information -
Contact Information - For further information or an appointment to view please contact Beverly Northey on 01872 247031 or via email email@example.com
Local Authority - Cornwall Council
General Enquiries 0300-1234-100
Energy Performance Certificate - The Energy Performance Rating for this property is to be confirmed.
Inventory - An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.
Business Rates - We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171
Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999
Stock - To be taken at valuation
Value Added Tax - All the above prices/rentals are quoted exclusive of VAT, where applicable.
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.
VIEWING: Strictly by prior appointment through Miller Commercial.
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