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Shop for sale

West Street, Tavistock, Devon, PL19

Sold STC £250,000

Property Description

Commercial information

  • Business for sale

Key features

  • REF: 13674 i
  • FREEHOLD
  • LEASEHOLD OPTION AVAILABLE

Full description

Tenure: Freehold

BUSINESS
⦁ Looking for quick sale.
⦁ Development opportunity above the bakery.

Hilton Smythe welcomes to the market Ellis's Bakery. This family run bakery was first established in 1958 and was taken over by our client in 1967. The owner is now looking to sell the bakery, due to the desire to take a well-deserved retirement.

The business runs as a traditional bakery in a town centre location. The bakery offers an exceptional range of foods, this includes pasties, pies, fresh bread, cakes, biscuits and much more. A delivery service is available to the local area.

Our clients can easily produce 300 pasties in an hour and around 300 baps or baguettes in 20 minutes.

Ellis's Bakery generated an advised turnover of circa 119,000 as of the 2016 accounts, with a gross profit of 63%. Although this is a healthy turnover, we feel this figure could be increased. The purchaser could look to expand its delivery base to a more further afield, therefore boosting the customer base. Arranging contracts with local colleges and schools could further increase turnover.

Included in the sale is the three-bedroom accommodation. This is a great space that would be ideal for a small family. The accommodation doesn't yet have a kitchen, however if required this could easily be done. With a kitchen, the accommodation could be let out to generate an extra monthly income. There are no rates for this property.

This is a fantastic opportunity that is not to be missed. The bakery would be an ideal purchase for a husband and wife team or partnership. Hilton Smythe highly advise early viewing to take in the full potential of the trade.


LOCATION
Ellis's Bakery is located in Tavistock, Devon.

The bakery is set on a main road in the town centre of Tavistock. The business is adjacent to plenty of other complimentary quirky independent businesses, such as hair salons, an antique store, takeaways, cafes, pubs, grocers and much more. This is a popular shopping location with both the locals and tourists, directly outside of the bakery is on street parking.

Tavistock is the largest market town in Devon, with a population of circa 12,280 as of the 2011 census. The town is a picturesque location with quaint village stores and a beautiful historic church. In 2005 Tavistock was voted 'Best Market Town in England'. The town was also a part of the Tour of Britain cycle race in 2010.

The town has good public transport with a bus stop within walking distance. The business is minutes away from the A386, an arterial A-road that runs from Bideford down to Plymouth.

PREMISES
Ellis's Bakery boasts a listed traditional style property. There are windows across the front, used for eye catching displays of stock. The property is well signed, clearly visible to passing trade. There are also two A boards on the pavement.

Bakery

Ground floor

On entry is the service area, this is a tidy well-presented shop with bakery and bread shelves, rack mount shelving, confectionery and pastry display cabinets. There is a central L-shaped counter with till and counter top space. This space is perfect for the trade with plenty of display space for stock.

Through to the rear of the property is the bakery section. This area is well equipped and comes fully-equipped with commercial equipment. To the back of the room is a large sliding patio door which leads onto a balcony with steps to the rear car park. This is also an access door to delivery bay and storage area below.

Bakery equipment includes: -
Five rack compacta bake off ovens
Stainless steel preparation and serve units
Fully automated BDM
3x Cresta mixers
2x Hobart's
80Kg Escher spiral mixer machine
Pastry break
Multiple fridge and freezer units
High end branded technical equipment

Vehicle included in the sale: -
Peugeot Partner 14 plate diesel delivery van.

Owners Accommodation

First floor
On the first floor of the property is a great sized three - four bedroom owners accommodation. The accommodation is currently set up as three bedroom with a lounge and family bathroom. There is a roof terrace with balcony, access door from the lounge. There is currently no kitchen, however there is room for one to be added.

TENURE
We are advised the business is being sold as a Freehold opportunity.

Leasehold option available.

HOURS
The business opening hours: -

Monday: Closed
Tuesday - Saturday: 7am - 4pm
Sunday: Closed

STAFF
The business is run and managed by our client, with the help of a family member and a part time member of staff.

FINANCIAL PROFILE
Ellis's Bakery generated an advised turnover of circa 119,000 as of the 2016 accounts, with a gross profit of 63%.



Map & Street View

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