Business for Sale in Sheringham, North Norfolk Bakery Shop & Wholesale Supplier

Leasehold Price £49,950

Key Information

Reference
K35951E
Tenure
Leasehold
Status
For Sale
Region
Norfolk
Sector
Bakeries
Rent Payable
£8,600 per annum.
Business Rates
Nil. We are advised that the business benefits from Small Business Rate Relief.
Accommodation
No
  • Established Many Years
  • Excellent Reputation
  • All Year Round Trade
  • Long Tourist Season & Local Customers
  • Genuine Retirement Sale
  • Prominent Location
  • Huge Passing Footfall
  • Mainstay of Town
  • Everything Baked Onsite
  • New Lease to be Provided - Terms TBA

Business Information

We are delighted to be appointed to formally bring to the market for the first time in 25 years this traditional high street bakery, which has been a mainstay of the town for many years more. Situated in a prime spot in the centre of the main route from the popular commuter and visitor station, leading down to the seafront it is ideally placed to capture the busy long tourist season, as well as serving their loyal local customers all year round.

If you are looking for a solid profitable business with an unquestionable proven track record then this one is well worth considering, especially if you enjoy being by the sea on the beautiful North Norfolk coast.

THE BUSINESS

Given the many successful years that the business has been established in the town it is no surprise to note the excellent reputation that it has built up over this time. As well as the many locally residing customers that come in week in, week out, the business has served customers from all over the world, as far away as Australia, Japan and New York, who have subsequently ordered goods to be delivered to their relatives and friends. Tourists love the traditional style bakery and many make contact to request their favourites to be available for when they visit or to have delivered for when they return home. The bakery also supplies several loyal wholesale customers with new customers coming on each year.

The bakery is the only one in the area which still bakes everything on site, selling a large range of bread, traditional treats and savouries. Celebration cakes are also offered if requested but are not actively marketed.

Whilst continuingly enjoying a significant turnover and attractive profit margins for an owner operator there would of course be other areas that a new owner could look at to further drive up these figures. It would appear to offer good scope to develop a mail order side to the business as well as developing online sales. In addition one could further promote the wholesale service as well as introducing seasonal ranges and celebration cakes.

PREMISES

As stated the business is situated in the centre of Station Road being the main route into the heart of Sheringham, only a couple of minutes walk from both the station and the seafront. The property is narrow in width but extends quite some way back to the rear, in total measuring around 2.67m wide by 29.71 deep.

Set behind a glazed frontage onto the busy main road with a widow display and space outside to the front for the further display of the fine products available to buy. Stepping in to the retail area you will find built-in wooden shelving on a tiled floor with a range of other shelving, 2 bread slicers, 2 upright drinks fridges, microwave and till point.

The property continues through an open doorway to a preparation room with a Compacta 5 door oven, various stainless steel tables, a range of stainless steel baking trays and trolleys, as well as a bread prover, all on a vinyl floor.

Through again to a small kitchen room with a double stainless steel sink, stainless steel table, shelving and storage which then leads into a further small room with w.c to one side and a storage cupboard with sliding door to the other.

Next you come into the main preparation room with a tiled floor, 2 mixers, pastry roller, dough cutter, pastry break, doughnut fryer, a Compacta 3 door oven, plastic packing sealer, microwave, stainless steel work benches, under-counter fridge, stainless steel tall fridge, microwave, further trays and trolleys and a hand sink.

There is one final room to the rear of the building which contains 3 chest freezers, 1 tall fridge/freezer and a range of shelving.

...

ADDITIONAL INFORMATION

AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.

CONFIDENTIAL INFORMATION: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

REFERENCE NUMBER: K35951E.

OPENING HOURS: Monday to Saturday 7:00am to 4:00pm with Weds closing at 1:00pm.

TENURE: Leasehold. The building is currently on a rolling full repairing and insuring lease, however we have been advised that the building owner is willing to grant a lease to a new tenant on terms to be agreed.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the lease.

RENT PAYABLE: £8,600 per annum.

RATES PAYABLE: Nil. We are advised that the business benefits from Small Business Rate Relief.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

STAFF: Currently there are 3 Full-Time employees, 5 Part-Time and 1 ‘Saturday Boy’.

EPC: Energy Performance Certificate shows a ‘C’ rating. Full Energy Performance Certificate available on request.

PRICE: £49,950.

For the benefit of the leasehold, goodwill of the business, fixtures, fittings and equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING: Strictly by appointment only, please get in touch to make an appointment.

FINANCE: We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

BUSINESS TO SELL: Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

PREMIER MARKETING: We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.

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DISCLAIMER

1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets, flooring or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

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