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Trojan Industrial Park, Borough Close, Paignton, Devon, TQ4

£63,500
84 sq. m.

Property Description

Commercial information

  • Business for sale
  • 904 sq ft (84 sq m)

Key features

  • REF: 13820 I
  • LEASEHOLD
  • COMMERCIAL BAKERY
  • GLUTEN FREE BAKERY

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market Tilley's Gluten Free Bakery, a commercial and retail bakery with a unique specialism. For Sale due only to our client's wish for a well-earned retirement.

A highly successful commercial, wholesale and retail bakery business, specialising in Gluten Free and Celiac friendly products. Highly commended and recognised by BBC Bake-Off talent and master baker Paul Hollywood, Tilley's has truly made its mark. Starting from scratch as a small cottage industry from a home kitchen in 2015, this has become a more profitable than usual concern, and although still runs at a pace to suit our client, has simply found its feet rapidly. Well respected and an ideal bolt-on or aside to any existing operator, the business offers a wide range of products including Breads, Pastries, Cakes, and Savouries all made on site to exacting home recipes.

Locally renowned with superb word of mouth recommendation, commendation, and overall feedback, marketing and advertising has thus been fairly low key. Much repeat custom, and a wider demographic owing to its central location across the Riviera, leave room for scope and growth to be added to this already bustling business. Benefitting an excellent online presence via social media, there is also a vibrant and engaging website www.tilleysglutenfree.com . Succeeding in its mission to home bake and develop products that to the blind taste are unnoticeable as Gluten Free, Tilley's has an enviable reputation.

A mixture of trading styles including commercial and wholesale provision, retailing, and local shows and markets make the business multi-faceted, yet with further scope and growth available by extending the opening hours and growing the commercial side. Introducing a sales representative would assist in the easy organic growth available in the wholesale sector. Tilley's currently has regular Devon market pitches at Ivybridge, Brixham, Totnes, and Hatherleigh, but could do more with extra drive, staffing, and promotion.


LOCATION
Tilley's Gluten Free Bakery is located in Paignton, on the English Riviera, within the county of Devon.

Situated in a busy industrial and retail park on the outskirts of Paignton, close to plenty of other major and independent businesses and operators including, Speedy Hire, and Asda. An attractive well-maintained business park with attractive signage and overall image. Situated off the main A3022 Brixham Road, there is plentiful off road parking available to the front of the units and the approach roads.

Paignton is a seaside town on the coast of Torbay, and together with Brixham and Torquay, it makes up the English Riviera. Excellent public transport, and recently built new expressways link the local towns and resorts, including the county capital city of Exeter circa 25 miles. Well served by road and rail including the M5 motorway network, Paignton is a tourist location with many landmarks and attractions including Paignton Zoo, Compton Castle, and Paignton Pier down at the seafront.

PREMISES
From his home kitchen several years ago, our client naturally grew into this traditional commercial unit circa 84 sqm. Well maintained, a largely open plan roller shuttered unit with 2 good sized bake-off rooms, fully equipped and fitted throughout. Self-contained front retailing space with counter and displays. Rear staffing, ancillary, storage, wash-up and convenience areas and plenty outside space. The unit has only recently been fully fitted out, plumbed, and Phase III electrified, meeting all the relevant regulations and hygiene standards.

Tilley's is hugely well fitted, with predominantly stainless-steel fixtures and fittings, and benefits the following equipment list, although not exhaustively: -
15 x tray commercial bake-off oven
Twin rack prover
60 Quart, 40 Quart, and 2 x 20 Quart industrial mixers
Floor standing crypto
Modern pastry break
30 Piece BDM
Commercial dishwasher
Stainless steel preparation & serve counters
2 x single fridges / double door freezers
John Hunt tart hand press
Industrial bread slicer
Doughnut fryer

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

Original lease length: 3 Year Renewable Lease
Remaining lease length: 1 Year
Review period: 3 Yearly
Rent: 9000 per annum.

According to the valuation office, the most recent rateable value is 6,600 per annum. Zero rates may be payable subject to the new operator and their current business status.

HOURS
The business opening hours:

Monday: Closed
Tuesday: Closed
Wednesday: 09:00 to 16:00
Thursday: 09:00 to 16:00
Friday: 09:00 to 16:00
Saturday: Closed
Sunday: Closed

STAFF
The business is singularly managed by our client.

FINANCIAL PROFILE
We are advised that accounting information for the forthcoming year end shows an annual turnover approaching 100,000 net of VAT, with a bottom line net profit of 30,000. Gross profit margins are around 62%.



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