*Ingoing Premium of: £99,950* Traditional bakery, operating from a lock-up retail unit in the famous Butchers Row with another double fronted unit where the bakehouse is located. EPC EXEMPT. Read more
*Ingoing Premium of: £99,950* Traditional bakery, operating from a lock-up retail unit in the famous Butchers Row with another double fronted unit where the bakehouse is located. EPC EXEMPT.
LOCATION In a busy trading position in the centre of Barnstaple, North Devon's largest commercial town, which has a population in the region of 35,000 inhabitants and serves the local rural hinterland with a population in excess of 130,000 inhabitants.The town is expanding at a fast rate with numerous new housing developments on the outskirts and on the far bank of the River Taw, hundreds of new apartments will be under construction.The town also serves as a busy centre for the tourist trade in North Devon with many day trippers visiting the town during the summer months. The subject premises are located close to the junction at Butchers Row and the High Street, adjoining Café Nero and opposite the Pannier Indoor Market and The Guildhall.The premises operate from two lock up units in the famous Butchers Row, one is utilised as the bakehouse and the other is operated as the main retail hub.Barnstaple has excellent transport links with a regional railway connecting the town to Exeter and the town is also served by a road link to Junction 27 of the M5 motorway.
THE PREMISES The two shops are operated by our clients, one as the bakery the other as the retail outlet. The bakery will be offered comprehensively furnished and equipped as a going concern and the shop will be presented with all quality shop fittings and shelving.The shop benefits from in and out door, with excellent display cabinets for hot products such as pasties and sausage rolls and a further drinks cabinet as well as shelving for breads etc.
TENURE The premises are offered on the basis of two seven year leases from the North Devon District Council which are both valuable renewable Council leases.The bakehouse in which the goods are made, is rented at £8,500 per annum and the retail unit where the products are sold at £9,200 per annum. An incoming purchaser will need to provide the usual bank and trade references for Landlords approval.
EQUIPMENT The business will be offered with a comprehensive range of equipment (subject to inventory) including the following:
Mono Spiral Mixer, Hobart Mixer, Mono BDM (Fully automatic with digital display), Williams upright Retarder prover 20 tray, Retarder Prover 40 tray, Double Door Williams Fridge HC2TSA, Bread Moulder, Bench 6 Door Fridge, Five Deck Tom Chandley Digital Control Electric Oven, 2 x Confector Bake Off Oven, Auto Jammer, New Hot Water Boiler, Stainless Steel Work Bench, Till and Tablet PC, Large Bread Slicer, Commercial Microwave Oven, 2 x Commercial Food Tray Trolleys, Deep Fat Fryer, Stainless Steel Shelf, 8 x Poster Snap Frames, Aluminium Patisserie Tray + assorted, 4 x Bread Baskets, Stainless Steel Sink, Extraction Unit, Valera Vision 950mm x 2, Valera Vision 1400 Ambient, Valera Vision 950 Ambient, Valera Vision 1400 Chilled and Prep Counter.
THE BUSINESS This business has been operating in the town for many years as a well-respected and much loved local bakery.The family that owns it are a husband and wife team, have now in place trained staff including a bakery production manager, a trained baker (with 9 years' worth of experience), a fully qualified confectioner, a trained baker/delivery driver, a lady for the preparation of meals and pies who is qualified in Business/Health & Hygiene and further part time shop staff.The shop would benefit by employing a full time retail manager for orders and cashing up.The wholesale business has increased substantially and there is still more potential for expansion.The owners have installed an up to date till system and accounts online for invoicing.The shop opens 6 days a week, 7am to 5pm (5.30pm during the Summer months).The shop is closed on Sunday through choice, but could easily be opened on Sunday if required.The shop sells over 180 products including breads, rolls, pasties, sausage rolls, cakes, doughnuts etc.East & West Bakery supplies local shops cafés and restaurants in North Devon and has approximately 30% wholesale trade and the remaining trade is generated through the busy town centre shop.The shop has an excellent website and good social media presence including a Twitter and Facebook page.The turnover fee for the year ending November 2016 was £335,830.Accounts will be made available to those seriously interested parties who have inspected the premises, subject to client's approval. To summarise this is a highly profitable business, operated from a well-presented and equipped retails premises with a 5* Hygiene rating in the heart of the town.The business could be operated by a hands on couple or could easily be managed from a distance and therefore would make this an excellent investment opportunity.We strongly recommend early viewing of this business which is on the market as a genuine retirement sale.
The accommodation briefly comprises:
SHOP38 sqm.Fully fitted out to trade. With refrigerated display cabinets, shelving to suit, a range of bread baskets, Tom Chandley confection ovens, freezer, double door refrigerator, full extraction system and high end fixtures and fittings, subject to trade inventory.
BAKEHOUSE With stainless steel prep tables, five tier Tom Chandley ovens, high end Williams fridges and freezers, range of mixers and hot plates etc. Subject to trade inventory.
VAT We understand that our client has not opted to charge VAT.All interested parties should make their own enquiries of HMRC
VIEWING Strictly by appointment through the selling agents.
RATEABLE VALUE £8,400 UBR, as of April 2017, 47.9p in the £ Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
COUNCIL TAX BAND To be advised.
WEBBERS DO NOT JUST SELL HOUSES Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888. For out of hours call our mobile number 07967 385228.
WANT TO KNOW MORE? We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding. www.environment-agency.gov.uk www.landregistry.gov.uk www.gov.uk/green-deal-energy-saving-measures www.homeoffice.gov.uk www.ukradon.org www.fensa.org.uk www.nesltd.co.ukhttp://list.english-heritage.org.uk