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Retail Property (high street) for sale

Church Arcade, Bedford, Bedfordshire, MK40

52 sq. m. | £299,950

Property Description

Commercial information

  • Business for sale
  • 559 sq ft (52 sq m)

Key features

  • REF: 1777
  • LEASEHOLD
  • BAKERY

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to introduce to the market Bakers Best Ltd. This exceptional bakery is supported by two complimentary retail outlets.

Bakers Best Ltd offers a fantastic range of daily freshly baked produce including a fine selection of breads, tempting pastries, delicious cakes, Indian savouries, traditional savouries and a wide selection of sandwiches with various fillings.

The business generates revenue through the two retail outlets. In addition 50% of turnover is created via wholesale trade to local businesses within Bedford and Cambridge. We believe with an injection of marketing the whole sale arm of the business could be expanded.

The business was originally founded in 1970 and has been successfully run and managed by our clients since 2004 and comes to the market due to our client's early retirement. This highly profitable business is very well respected with an established loyal client base and benefits from much repeat trade, passing trade and word of mouth referrals.

Included in the sale price is a full inventory of quality equipment, delivery van and 2 refrigerated vans.

We urge early viewing of this highly profitable walk in trading business opportunity.


LOCATION
Bakers Best Ltd currently operates from two town centre locations.

The bakery is at the rear of one of retail outlets in the thriving commuter town of St Noets in Cambridgeshire. The business is ideally located within the town centre ensuring heavy footfall and benefiting from ample car parking within the vicinity.

The other retail outlet is located within the bustling town centre of Bedford surrounded by complimentary businesses and busy passing trade.

PREMISES
Both retail shops are similarly equipped as below:-

Counter server with cake and bread displays, serve over chiller glass counter, sandwich filling station, menu boards to walls, ecr, drinks chiller and bread slicer.

To the rear is a store area, sink, chiller, electric hob and toilet facilities.

The bakery is to the rear of the retail outlet in St Neots with equipment including 5 deck bakers oven, bun moulder, bdm, fridges, freezers, store area and other catering tools.

TENURE
We are advised leasehold.

The original lease length is 15 years with 7 years remaining. Rent is 26,000 for both premises.

HOURS
The business opens:- Monday to Saturday 8.00am - 5.00pm Sunday closed
STAFF
The business is owner run and managed with the assistance of 10 members of staff included 4 evening staff.
FINANCIAL PROFILE
The business reports a healthy turnover in the region of 8200 per week. With gross profit at 57%. The split is 50/50 bakery and retail. The Bedford shop takings are circa 2500 per week The St Neots shop takings are circa 1500 per week


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