Successful Bakery in Hedon *Open to offers*

Hull, East Yorkshire
REF: 03082

Asking Price:
£39,950
Annual Turnover:
£145,538
Annual Net Profit:
£30,000
Reduced
Recently Sold
REF: 03082
Photo of Successful Bakery in Hedon *Open to offers*
Photo of Successful Bakery in Hedon *Open to offers*
Photo of Successful Bakery in Hedon *Open to offers*

Overview

Tenure:
Leasehold
Established:
2010
  • Modern bakery business
  • Busy market town location
  • Good reputation for baked goods
  • High profit margins
  • Potential to change to business into Coffee Shop

This is a traditional bakery and sandwich shop located in a busy market town to the East of Hull.

This well-placed bakery experiences heavy footfall six days a week and has a high level of repeat business from the hundreds of satisfied customers who relish the freshly made delicacies that are a speciality of this shop.

Established 15 years ago, it has had its fortunes transformed by the current owner and now shows year-on-year growth - still with lots of growth potential for the right buyer.

Competitively priced and with bags of charm, this is an opportunity that bears closer inspection.

The business has grown hugely over the last few year, following concerted effort by the current owner to drive profitability up. From outside it looks clean, warm and inviting with great signage.

Inside, visitors receive a friendly welcome and are tempted with a menu that includes freshly baked bread and mouthwatering bakes as well as sandwich and deli options The shop is open six days a week from breakfast through to 4pm.

Because of its prime position, it benefits from a lot of passing trade as well as regular customers who appreciate the quality of the produce and return time and again.

Customers can call for their daily bread or pop in for a freshly prepared sandwich.

The open-plan serving and waiting area to the front of the shop features a large menu display plus a serving counter. There’s room for tables and chairs on the street. A large bakery is situated to the back with ovens and catering equipment included in the sale.

Intelligent Business Transfer are delighted to have been appointed to find a buyer for this exciting business opportunity in a busy bakery that enjoys such a great reputation among its patrons.

Any potential buyer would be impressed by how much the current owner has achieved since taking over but there is certainly scope for growth and development, too.

Possibilities for expansion include increasing trading hours, converting the business into a bakery or a cafe and possibly offering off-site catering for events. There is some social media presence but no website and most business comes from satisfied customers and word-of-mouth recommendations.

It’s worth noting that the business enjoys high margins due to all the produce being made in house from scratch. It’s especially busy in summer when customers take advantage of the outside seating area.
With weekly turnover averaging £3K and just 3 staff, this owner-run business has lots of potential and provides an excellent base for future growth.

The vendor has now instructed Intelligent Business Transfer to find the right buyer for the bakery. An experienced baker or caterer looking to buy a business with an established revenue stream and a skilled team in place but with room for further expansion would be intrigued by this opportunity.

Location

Property

Annual Rent
£9,564
Annual Rates
TBC
Lease Term (Years)
3
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

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

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