Bakery For Sale

 Stanmore, HA7
£150,000

Property Information

  • Reference number glenmore_965748988
  • Property Type Retail
  • Furnishing Furnished
  • Secure Car parking Yes
  • Tenure Leasehold
  • Sale classification Below Market Value
  • Current Occupant Vendor

Location

Stanmore, HA7

Features

  • Income £290,000 per annum with good margins
  • Highly visible parade location, presented in good condition
  • Rent £29800
  • Rate £9600

Property description

Well used and well established bakery and delicatessen which is located in a sought after and affluent area of Middlesex within the main town centre. The area surrounding the business is a densely populated residential area with many residents commuting into central London each day.

The business occupies a parade location on the busy high street amongst other independent retailers and national chains. The business has an excellent trading position with good road side signage and is fitted to a good standard throughout.

The area in general is busy throughout the day with passing footfall, although the vast majority of the income generated each week comes from a regular lunchtime trade during the week whilst the bakery is extremely busy on Fridays and the weekends.

The business was originally established by our client 19 years ago and he still has a day to day involvement in running the business. Since being established, our client has built up a loyal and regular customer base, not only locally but also further afield due to the quality hand made products, such as cakes and breads, many of which are Kosher.


We are advised that the business is held on a 15 year lease which commenced in 2015.

The annual rent is £29,800 .  Rent reviews are at 5 yearly intervals.

Rate £9,600

Turnover £5500 - £6000

Summary
This is a superb opportunity to purchase a destination bakery and delicatessen which benefits from loyal and regular customer base although still has genuine growth for any new owner.

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