Description
An exciting opportunity to acquire a well-established and highly regarded business, which has built an excellent reputation and strong customer following over many years. Having been successfully established for many years, the business benefits from significant goodwill, and presence within the local area and also across social media.
The business is being offered for sale as a going concern, providing a purchaser with the opportunity to acquire an established operation with the foundations already in place. There is however also scope for further growth and development. In particular, the business currently operates within limited opening hours and an incoming owner may be able to increase turnover and profitability by extending the hours of operation and maximising the trading potential of the premises. There may also be opportunities to develop the existing customer base, introduce additional services or products and make greater use of the business's established reputation and online presence.
The sale will include the business goodwill, fixtures and fittings, together with the established social media accounts/following, providing the purchaser with a valuable existing marketing platform and the ability to continue trading under an already recognised name.
Further information, including financial details, will be made available to genuinely interested parties following an initial enquiry.
Location
Bakery No.4 is situated at 40 Woolpack Yard, the property benefits from a town-centre location and strong pedestrian footfall, with Woolpack Yard providing an established link between the town’s main shopping areas, including Stricklandgate, Market Place and the wider retail around Booths, M&S and Elephant Yard.
Kendal is a popular market town and an important commercial and tourist centre for South Lakeland, benefiting from its proximity to the Lake District and excellent road connections via the A6 and M6. The location is well suited to a bakery, café, hospitality or other customer-facing business seeking a prominent and established town-centre setting.
Items to be included in the sale
All crockery & glassware
Cutlery
Fridges x 4
Freezers x 2
Shelving & storage
All furniture (exclusion of 1 coffee table)
Baking equipment, ovens & mixer.
All fixtures added to the building by current tenant, including radiators, water boiler & bathroom sink and bespoke counters and bespoke cupboards upstairs.
Beneficial Extras included in the sale
Social media pages, branding & website
Introduction to current suppliers and community partners.
*The current owner would assist for an agreed transitional period if required*
Lease
The freehold owner would be willing to offer a new lease to any purchaser of the business, at an asking rent of ÂŁ25,000 per annum. The proposed lease would be for a term of nine years, with break options and rent reviews to be agreed.
The purchaser of the business would be responsible for the freeholder’s reasonable legal costs incurred in connection with the preparation and granting of the new lease.
