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Shop for sale

Belmont Road, Ramsgate, Kent, CT11

£249,995
59 sq. m.

Property Description

Commercial information

  • Business for sale
  • 635 sq ft (59 sq m)

Key features

  • REF: 14330 J
  • FREEHOLD
  • BAKERY

Full description

Tenure: Freehold

BUSINESS
Hilton Smythe are delighted to offer to the market Buttercup Bakery, established as a bakery in the area over 30 years ago and purchased by our client 3 years ago; who have now decided to sell to retire.

The traditional bakery and sandwich shop offers a unique opportunity for anybody looking for a consistent and much respected family owned business. 50% of sales come from the filled rolls, lunchtime specials, homemade soups, hot and cold drinks; and the other 50% of sales from bakery products. They sell an excellent range of breads, bread rolls, hot pies and pasties, freshly made flapjacks, sliced cakes, fresh cream cakes, jam donuts, croissants, brownies, cupcakes, tarts, scones and cheese savoury straws. Our client recently introduced a range of freshly made scotch eggs.

The freshly made sandwich menu uses home cooked gammon, sliced meats, homemade fillings, cheeses with a choice of salads, rolls and dressings.

Our client is constantly being asked for celebration cakes and any new buyer could easily increase sales by adding a new choice of birthday, christening, wedding and seasonal cake options. Our client's fresh cupcakes are very popular with their customers and would be very popular with hen party celebrations and christenings.

Our client currently supplies a small range of bakery products to 5 local catering businesses which again could be increased if any new buyer wishes. There are no other deliveries of either the sandwich menu or bakery products; which, due to the number of local businesses and schools could add additional sales.


LOCATION
Buttercup Bakery is located on a highly visible corner trading position on Belmont Road and Boundary Road (A255). The A255 is the main link road from the A299 and M2 motorway into the centre of Ramsgate, Kent.

The town is currently receiving a multi million pound investment programme into the infrastructure and town centre. The nearest train station Ramsgate is less than 5 minutes' walk from the business and there are 2 main schools within 5 minutes' walking distance.

New homes have been built within the same street and the area still enjoys free parking.

PREMISES
Ground floor -
3 phase electricity installed, new external blinds to be fitted soon.

Full equipment list available.

First Floor -
Used for storage and has the hot water tank.

TENURE
This is a Freehold sale.

HOURS
Monday to Friday: 6am - 5pm
Saturday: 7am - 3pm
Sunday: closed

STAFF
Our client works full time, with the help of:

A full-time baker 30 hours
1 x 18 hours
1 x 29 hours
1 x 18 hours
1 x 4 hours
1 x Saturday of 6 hours

FINANCIAL PROFILE
The business generates a healthy turnover of 168,148 per annum, with a gross profit of 58%.



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