Durham Bakery with Large Owner's Accommodation and Flat, £300,000 Annual Turnover
Durham, County Durham
- Status
FOR SALE
- Date Submitted:
15/08/23
- Advert ID
518092
- Reference
12459_A / Rightbiz
- Call Agent:
- Freehold: £365,000
- Turnover: £300,000 (£5,769 Per week)
- Net Profit: Not Applicable
Business Details
Popular Bakery With Substantial Owners Accommodation
BusinessNO LONGER TRADING
CoGoGo is delighted to welcome to the market this well-established and popular bakery business, which is ideally located within the village of Bowburn, County Durham, benefitting from very little competition in the immediate locality.
The business was originally established in 1935 and has been in our clients’ careful ownership since 1982. Only now is the business being offered to the market due to our clients’ desire for a well-deserved retirement.
The business is no longer trading, but all the bakery equiptment still remains. The business previously operated 5½ days per week and generated a turnover in the region of £300,000 per annum, with a gross profit of approximately 45%.
Our clients previously offered a wide range of bakery goods and convenience items, such as breads, pies, pasties, freshly made sandwiches, newspapers, convenience items, dairy products, confectionery, snacks and potatoes, to name a few, as well as a selection of beverages. The property boasts 291 sq. metres of floor space, with the main shop and kitchen to the first ground floor, as well as substantial 5 bedroom owners’ accommodation to the ground and first floor.
The property further benefits from a separate two-bedroom flat, which has its own entrance from the street and an entrance from the first floor of the main property.
The business had built up an enviable reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign or offer a delivery service to local industrial estates. There is also scope to introduce an outside catering arm to the business.
This is an excellent opportunity for aa new owner to take this already thriving and busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
Location
Anderson’s Bakery is ideally located within the village of Bowburn, County Durham. The Bakery business is situated on a prominent corner position in a densely populated residential area, from which the business derives much of its trade. The business benefits from a high volume of footfall and passing trade, as well as free on street parking to the front and side of the premises.
We are advised by our client that business development work is being carried out in the area which we expect to generate a large increase in footfall to the area.
Bowburn is a village situated about three miles to the south-east of Durham, on the A177, between Coxhoe to the south-east and High Shincliffe to the north-west. In recent years, a regeneration project has begun within the village with new houses being built, a park has been upgraded, new football fields, an outdoor gym and an excellent children’s play area have been created.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is in Durham. The area is also well served by the A-roads, with the A688 and the A1(M) being just a short drive away, which link to the national motorway system. Bishop Auckland is approximately 10 miles away and Hartlepool is 17 miles away.
Premises
Bowburn:
Substantial two storey premises in an ideal trading position, briefly comprising:
Ground floor with:
- Main shop entrance.
- Perimeter shelving and refrigerators/freezers for general convenience items.
- Small selection of newspapers.
- Serve over chilled display with hot plate area.
- Food and sandwich preparation area behind counter.
Entrance to owners’ accommodation to rear of bakery kitchen.
- Residential kitchen with appliances.
- Large living/dining room with patio doors to front.
- Good sized office, currently used for storage.
- Stairs to first floor.
First floor with:
- Master bedroom with fitted wardrobes and a small roof terrace.
- 2 x large double bedrooms.
- 2 x single bedrooms.
- Large family bathroom with sunken bath.
Separate self-contained, two-bedroom flat, which can be accessed from the first floor and has its own separate access from the street.
Equipment included:
- Double deck, two tray oven.
- Three deck, three tray oven.
- 25 quart mixer.
- 30 quart mixer.
- 2 x 40 quart mixers.
- 20 quart mixer.
- 15 quart mixer.
- 50-100 quart mixer.
- Hot pie cabinet.
- Refrigerated fresh cream cake display refrigerator.
- General display counter.
- Dairy refrigerator.
- 2 x 60 litre refrigerators.
- 2 x double display refrigerators.
- Single display refrigerator.
- Bacon slicer.
- Halogen hotplate.
- Bain-Marie.
- Refrigerated salad bar.
- Manual bun stamper.
- Semi-automatic dough divider.
- 3 x manual pie blockers.
- All retail fixtures and fittings.
- General utensils and equipment.
- Potable cabin containing chest freezers.
Tenure
We are advised:
Main shop in Bowburn: Freehold
Hours
N/A
Staff
N/A
Financial Profile
The business generates a turnover in the region of £300,000 per annum, with a gross profit of approximately 45%.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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