Old Established Bakery & Licensed Cafe in Southwell For Sale

Main road trading position, Market Town, NOTTS. SOUTHWELL

Turnover £ 3,000
Price £89,000

Features

Well Established Fully Equipped Bakery & Licensed Café (not Utilized At Present)

Built 1780.

FULLY EQUIPPED BAKERY & FULLY LICENSED CAFÉ. 19 metres x 6 metres. Suspended ceiling, mirror tiles. Air conditioning. 4 Cast iron pub tables, 12 chairs, coffee machine & grinder. TV. CCTV

BAKERY fully equipped. Illy Coffee franchise (exclusive to the premises, prestigious coffee brand). The equipment includes Bannetons, dishwasher, bread moulder, Whirlpool microwave, Beko small freezer, small fridge, Henkelman Jumbo 42 Vac packer, Polar 4-door refrigerated storage/prep table, CST Gastro oblique mixer, small rack with steel prep top, 50qt. Sinmag spiral mixer, Irtech Prover retarder, Matas table top bread slicer, Damb Verhoven BDM, 2 large Frigidaire freezers, 15 wire baskets & 2 trolleys, 2 small stainless steel prep tables, 2 large stainless steel prep tables, Thor propane gas burner, 4 deck/3 tray Tom Chandley bread oven, Blizzard refrigerated serveover, Mondial dairy cabinet, 3 lamp infra red hotplate, Burco grill, 2 Buffalo panini maches, Buffalo griddle.

Toilet/wash room

Turnover

WE ARE INFORMED the turnover averages £3,000 p.w. Gross profit 65%.

Staff

The business is at present operated by the vendor with the assistance of 4 part time staff. We understand the vendor is happy to assist in training a prospective purchaser if they have little experience in baking.

Trading Hours

6 days per week
8 a.m. - 4.30 p.m.
Occasional Sunday opening
(Licensed 9 a.m. - 12 midnight seven days per week, not utilized)

Tenure

We understand the premises are held on a 12 years lease from 24th August 2020 at a rent of £10,500 p.a. up until August 2023, increasing at that time to £13,500 p.a. with rent reviews every 3 years until 31st August, 2032.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005 AND IS SOLELY OFFERED FOR SALE DUE TO RETIREMENT

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £89,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 44,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote