Tilley's Bakery, 6 Marsh Parade, Hythe, Southampton, Hampshire, SO45 6AN
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- SECTOR
Shop for sale
Key features
- Adjusted 2024 net profit of c. £73,000
- Established business, trading for 36 years
- Lots of local trade and repeat business
- Prominent high-street position with parking
- Potential to increase weekly sales
- Highly regarded within the local area - EPC: C
- Christie & Co Ref: 3818277
Description
Tilley’s Bakery is a long established local business that has been open for over 36 years with the current owner having been here for over 7 years, having completely refurbished the shop throughout. There is a strong and steady customer base that offers repeat business, with lots of the local community being frequent customers.
The owner actively works, managing and promoting the business, along with a strong team of staff who are all self-motivated and committed to ensure the business runs as smoothly and efficiently as possible. The owner also does one stock delivery alongside the range of deliveries the bakery has each week.
The bakery was short listed for best business in Southampton last year and made it to the top three! The bakery has also just had an award for Excellent Customer Service.
Hythe is a historical town ideally located next to the New Forest and the water front, and has a real ‘village’ atmosphere with plenty of weekly and annual events taking place. The bakery is opposite the ferry which has a direct link to Southampton, with ferries running every 30 minutes.
Internal DetailsThe Bakery has two floors, the ground floor having a modern window display area, a well presented counter and matching fully stocked sandwich bar, behind the serving area are four fridges, till, coffee machine, pie warmer, microwave, plenty of shelves for displaying bread and rolls and more prep space. There is a shop sales area with drinks fridge, crisp stand and small seating area. To the rear is the main bakery which has air conditioning, four large cassette ovens, retarder, prover, chiller, bun divider, dough mixers, 2 x Hobart mixers, donut fryer, fridge, microwave, bread slicer, shelving, washing up area with 3 sinks, this is also the proving and prep area. Upstairs has two toilets, a shelved area for flour, then a spacious storage area (four freezers, heat sealer, ham slicer, pie press) leading to a small office which has CCTV, PC and printers.
Ground FloorYou have an ample customer waiting area which takes up half of the front and the other half is taken up by the till, display and sandwich bar.
There is also the baking area downstairs at the rear where majority of the goods are produced in order for ease of restocking.
There is the first floor which is where the ingredients are stored and 4 freezers, 2 toilets and an office.
External DetailsThere is an allocated parking space to the rear of the bakery for the business owner. There is also plenty of customer parking outside the shop, and around the town.
The OpportunityAn excellent opportunity for a lifestyle business, offering a couple or an individual a perfect business that has been nurtured for years and is established to continue for many more.
The bakery is closed on Sunday which presents a new owner the option of longer opening hours and the option of introducing other services and products to local businesses.
There are 14 members of staff which includes 2 full time bakers and an array of staff covering the opening hours.
Trading InformationWe are advised the store is currently trading at around £10,000 per week
Draft Financial Accounts Year Ending 31/03/2024
Turnover £483,386
Adjusted Net Profit c. £73,000
Monday to Friday - 8:00 - 16:00
Saturday - 08:00 -15:00
Sunday - Closed
We are offering the assignment of this 10 year lease with 4 years remaining at a passing rent of £10,000. The landlord has expressed willingness to negotiate and extend the lease.
Business RatesThe Business currently qualifies for full small business rate relief, meaning nothing was payable in the last accounting year.
Energy Performance Certificates
EPC 1Brochures
Tilley's Bakery, 6 Marsh Parade, Hythe, Southampton, Hampshire, SO45 6AN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Woolston Station2.2 miles
- Sholing Station2.4 miles
- Netley Station2.6 miles
Notes
Disclaimer - Property reference 3818277-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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