Commercial Property for sale

Frogmore & Kingsbridge

£120,000

Property Description

Key features

  • Thriving & Vibrant Bakery & Wholesale Business in Stunning South Hams
  • Award Winning Bakery & Convenience Store Located in Frogmore
  • Bakery & Sandwich Shop Located on Kingsbridge High Street
  • Two Established & Profitable Businesses Trading Throughout the Year
  • Viewing Highly Recommended

Full description

Kingsbridge is a scenic market town located within the beautiful and affluent area of the South Hams, known for its picturesque towns, villages and beaches. Kingsbridge sits at the head of the Salcombe Estuary and is surrounded by lush, green rolling countryside. It is part of the South Devon Area of Outstanding Natural Beauty making this area extremely popular with tourists throughout the year. Frogmore is located less than 4 miles from the Town of Kingsbridge and is located at the head of Frogmore Creek, an inlet off Salcombe Estuary. A beautiful location in its own right.

@ the bakery, Frogmore is an Award Winning Bakery and is the main preparation and distribution hub of the business, not only suppling the bakery & sandwich shop, @ the bakery, Kingsbridge which is located on Kingsbridge high street, but many other local catering outlets within the South Hams. A full list of trade accounts will be made available following a formal viewing. The current owners have built the business over the past 5 years into a most successful enterprise and have reinvested in quality equipment required to operate such a business. @ the bakery, Frogmore supplies the local community and visitors to the area with bread, savouries, pastries, cakes and tray bakes alongside basic supplies. Customers have the benefit of internal and 'Al Fresco' seating where they can enjoy the products with a cup of fresh coffee or tea. The Post Office also operates a service from the premises three afternoons a week. @ the bakery has become an essential part of village life. @ the bakery, Kingsbridge is the retail arm of the business. Situated on Fore Street, the bakery & sandwich shop has been trading for approximately 8 years. The shop is supplied by the main premises in Frogmore and has built up a strong local trade which is hugely boosted by the tourists over the summer season. The unit is smartly decorated and has the benefit of a food preparation area on the first floor. The bakery offers fresh breads, savouries, pastries, cakes and tray bakes alongside freshly prepared sandwiches with a selection of hot and cold drinks to take away. For further information please go to www.dartfinefood.co.uk.


@ THE BAKERY, FROGMORE 
The premises comprises:-

GROUND FLOOR SHOP 
17' 9'' x 25' 9'' (5.41m x 7.84m)
With central recessed entrance and double glass frontage with window display leading in to the customer service area. Tiled floor, large chiller display cabinet, large heated display cabinet, service counter, fresh coffee machine and counter top heated cabinet. Shelving units for confectionery and basic convenience products and seating for 2.

CAKE PRODUCTION AREA 
24' 7'' x 17' 9'' (7.49m x 5.40m)
Tiled floor, 2 large fridges, 2 electric ovens, microwave, chiller cabinet, pasty warmer, commercial mixer, multi gauge bread slicer (medium or thick slice) and stainless steel work surfaces.

BAKERY 
34' 4'' x 15' 9'' (10.47m x 4.81m)
Fully equipped with a range of commercial equipment including roll divider, 2 mixers, bread divider, bread moulder, 5 deck electric oven, doughnut frying machine, Proofer deep fat scotch egg fryer, vegetable prep machinery and 2 double retarders. Stainless steel prep tables, pastry racks, baking trays and 2 stainless steel sink units.

UTILITY ROOM  
8' 2'' x 5' 2'' (2.48m x 1.58m)
With stainless steel sink unit.

REAR STORE ROOM  
8' 2'' x 26' 10'' (2.48m x 8.18m)
With four chest freezers.

ALLOCATED PARKING SPACES 
To the rear.

ALFRESCO SEATING  
To the front for 4. This well-equipped businesses also comes with the benefit of 2 delivery vans ? Renault Traffic Sport, 65 registration and a Citroen Dispatch, 17 registration.

@ THE BAKERY, KINGSBRIDGE  
The premises comprises:-

WELL PRESENTED RETAIL UNIT 
With glass frontage and recessed entrance leading into the main trade area with shelving unit, larger chiller display cabinet, sandwich prep station with granite work top, toppings unit and 3 door fridge under, wall mounted microwave, bread slicer and stainless steel sink unit. Service counter with cake display, electronic cash register and chiller unit. Storage cupboards, wall mounted display unit, counter top heated cabinet and wash hand basin.

FIRST FLOOR 
With staff cloakroom & office.

PREP ROOM 
With stainless steel racking, Blue Seal Turbofan oven, 2 commercial mixers and stainless steel prep tables.

FREEZER ROOM 
With upright freezer, upright fridge and stainless sink unit.

BASEMENT STORAGE AREA 

GENERAL INFORMATION 

RATEABLE VALUE 
@ the bakery, Frogmore - £3,500. @ the bakery, Kingsbridge - £6,900. Please note this is not rates payable. For further information, we advise you contact the local billing authority, South Hams Council.

BUSINESS 
@ the bakery, Frogmore - where bread has been baked for over 100 years! The current owners operate the business with the assistance of 2 full time bakers during the winter months, increasing to 4 during the very busy holiday season. The bakers prepare and bake the bread and savouries overnight and deliveries start at approximately 5.30am with 3 delivery drivers. The shop trades throughout the year from 8.30am - 4pm with half days Wednesdays & Saturdays, closed Sundays. The shop is operated by 2 part-time staff members.

BUSINESS CONTINUED 
@ the bakery, Kingsbridge - the bakery & sandwich shop has been trading from this location for approximately 8 years and in this time has built up a successful business. Originally the owners prepared and baked all the items for sale on the premises and there is still the option to this with the food preparation area on the first floor, however the shop is now supplied by the main bakery at Frogmore. The opening hours are 9am-3.30pm Monday to Saturday, closed Sundays. The front of house is operated by 2 part-time members of staff. We have been informed the turnover for both the bakery and the retail unit for year end March 2017 was £400,749.05 with gross profit of circa 70% and strong net profit. Further accounting information for both businesses will be made available to Bona Fide applicants following a formal viewing.

TENURE 
@ the bakery, Frogmore - is available via assignment of a new 6 year repairing and insuring lease with a break clause at the end of year 3. The rent is £11,500 per annum. @ the bakery, Kingsbridge's - is held on a 3 year repairing and insuring lease from October 2016. The rent is £8,000 per annum. We have been informed the Landlord may consider granting a new lease with a longer term to the next tenant, subject to satisfactory references.

STOCK 
Will be in addition, at valuation, on the day of completion.

INVENTORY 
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.

SERVICES 
Both premises are contact to mains electricity, water and drainage.

EPC RATINGS  
@ the bakery, Frogmore - D. @ the bakery, Kingsbridge - G.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Totnes (11.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Totnes (11.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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