Bakery and Patisserie in Muswell Hill For Sale

Situated in a parade, excellent trading position, NORTH LONDON MUSWELL HILL

Turnover £ 4,500
Price £165,000

Features

Well Equipped Old Established Bakers, Patisserie

SPACIOUS SINGLE FRONTED PREMISES with tiled floor, ceiling lighting. 2 Ambience display counters, 1 cool display counter, 2 group coffee machine, coffee grinder, electronic cash register, bread display shelving, toaster, panini.

FULLY EQUIPPED BAKERY including 2 5-deck bakers ovens, bread slicer, double door prover, large mixer, rolling machine, dough spreader, walk-in coldroom, 2 chest deep freezers, upright double door stainless steel fridge, upright single door stainless steel fridge, mixer, stainless steel table etc.

Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averaes £4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in excess of 70%.

Staff

The business is at present operated by the vendor with the assistance of 1 full time patisserie person. Shop area 4 full time staff.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 6 p.m.
Sunday opening - 8 a.m. - 4 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2024 with reviews every 3 years (next review 2027) at a current rent of £65,000 p.a.

Uniform Business Rates: £5,853 p.a. after small business relief approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2002 AND THERE ARE GENUINE REASONS FOR SALE

Price

TO INCLUDE THE VALUABLE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote