Long-Established, Family-Run Bakery in Kent

Herne Bay, Kent
REF: R08135

Asking Price:
£95,000
Annual Turnover:
TBC
Annual Net Profit:
TBC
REF: R08135
Photo of Long-Established, Family-Run Bakery in Kent
Photo of Long-Established, Family-Run Bakery in Kent
Photo of Long-Established, Family-Run Bakery in Kent
Photo of Long-Established, Family-Run Bakery in Kent

Overview

Tenure:
Leasehold
Established:
1950
  • Excellent reputation and loyal customer base
  • Huge potential for growth
  • Spacious and well-equipped premises
  • Equipment included
  • Friendly, professional team
  • Wide variety of products
  • Strong supplier relationships

The business for sale is a long-established, family-run bakery, which is based in Herne Bay, Kent. The bakery was originally established in 1950 and was taken over by the current owners in 1998. Under the present ownership, the business has continued to grow steadily and has gained an excellent reputation and a loyal customer base in the local community.

The bakery prioritises offering their customers a wide selection of delicious goods at affordable prices, including cakes, doughnuts, flapjacks, tarts, sausage rolls, pasties, filled rolls, loaves of bread, and much more. They also provide vegan options.

The friendly, professional team is currently made up of 4 part-time members of staff, who all have an in-depth knowledge of the business. The business currently opens 7.30 am-2.30 pm on Monday to Saturday, with the bakery closed on Sundays. The new owner could look to extend opening hours if wanted. The bakery also offers deliveries through Deliveroo.

The company has 2 successful social media channels, with over 1,000 followers on Facebook and almost 500 followers on Instagram. This is a great sales window for the business and is a testament to the bakery's excellent customer service.

The business has strong relationships in place with their suppliers, which could normally be hard to attain for a new business.

The business has an ideal location in a residential area of Herne Bay, which has nearby car parking, good transport links, and proximity to other local businesses. Thanks to this brilliant spot, the bakery benefits from plenty of passing footfall.

The vendors own the building, but this business will be on a leasehold term only. The rent will be £600 per calendar month and there will be no business rates. The buyer will be able to negotiate the terms of the lease with the current owners.

The 2nd and 3rd floors above the bakery are being converted into flats and will have a separate entrance, so this will not affect the buyer.

All equipment will transfer over with the business sale, which is worth around £50,000 and will ensure the new owner will be able to begin trading straight away.

The current owners are happy to provide a business handover, in order to ensure a smooth transition.

This is the ideal opportunity for someone who has previous bakery experience or someone who runs a similar business in the local area.

There is huge potential for growth with this business, as currently, the business has a limited online presence. Developing a website and creating some additional social media channels could be a great way for the business to attract further trade. There is also the option for the bakery to offer more localised delivery, rather than just being on Deliveroo.

Features

Online Presence

Location

Loading...
  • On-site car parking
  • Nearby car parking
  • Good transport links
  • Residential area
  • High footfall
  • Rural setting
  • Village location
  • Close to local businesses

Property

Annual Rent
£7,200
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

Refine

Miles
£
£
£
£
Timed popup