FOR SALE
19/10/23
601370
26423813 / Rightbiz
A wonderful opportunity has arisen to acquire a thriving Craft Bakery Business located across Angus from three sites. The current proprietors have owned and operated the business for over 15 years and watched the business grown steadily and expand. Along with a busy bakery and counter business, JM Bakery also specialise in celebration cakes which are all baked and hand crafted in store – the business was awarded ‘Best Celebration Cake in Scotland 2022/23’ by the Scottish Bakers Association. They also provide outside catering and have secured some strong contracts with local hotels and businesses.
Situation
The main bakery is located on the High Street in the popular town of Carnoustie.
Carnoustie is one of the principal towns within Angus and is situated approximately 16 km north east of Dundee and 12 km south west of Arbroath. The town has a resident population of approximately 10,500 persons and sits on the main east coast railway line. Carnoustie is a world-famous golf town with the Championship Course forming part of the British Open Circuit. The town attracts high levels of worldwide golf enthusiasts as a result.
The Carnoustie bakery is the main JM Bakery branch, this is where the produce is baked, finished and distributed to the Monifieth (within 5 miles) and Arbroath (within 7 miles) stores. The only exception to this is the celebration cakes which are all hand decorated to the highest standard in the Monifieth Store.
Business
This is a long-established business that has been an integral part of the Angus community for many years. The Carnoustie bakery produces pies, bread, rolls, filled rolls, patisserie products, fresh cream products, biscuits, outside catering, wedding and celebration cakes to both retail and wholesale customers. It supplies the other two branches (Monifeith and Arbroath) with produce which is offered from these High Street locations to retail customers.
Owner operated with the assistance of twenty six full time and part time members of staff. The three locations are open to the public:
Mon – Sat: 0700 to 1600
Long established business
Three prominent trading locations
Craft Bakery
Celebration cakes
Highly profitable
Well-equipped
Excellent reputation
Freehold x 1 and Lease Hold x 2
Property
The main bakery operates from a ground floor retail premises with window frontage, a prime trading location on the High Street in Carnoustie.
Internally the premises comprise a retail sales area at the front, fitted throughout with a range of fixed shelving and display cabinets. To the rear of the property is where the bakery is located with all the equipment required to run the business including oven, provers, pastry brake, hot plate, fryer, moulder, refrigerators and mixers. To the rear there is a storage area, staff area and WC.
The other two branches are spacious retail shops and are offered on a leasehold basis. Fitted again with display cabinets and fixed shelving. Ample storage and staff areas, the Monifieth Branch also has a large cake decorating area where the celebration cakes are decorated.
Tenure
JM Bakery operated from three locations 2 of which are offered on a lease hold basis and one (Carnoustie) is offered as the Sottish equivalent of freehold.
Rateable Value
TBC
Trading Figures
This is a steady and successful business, run to suit the lifestyle of the current owners. Full trading information will be provided following a formal viewing.
Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale.
Stock
Stock will be in addition at valuation.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
Get SolicitorThe data showed regarding this advert 'Thriving Craft Bakery Business located across Angus from three sites. - 26423813 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.