Property Information
Address:
Leeds, West Yorkshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489177
Property Ref/Agent: 2531-award-winning-cafe-and-bakery-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market this well-established and very popular bakery business with cafe in Cross Gates, Leeds.
The award winning business was established many years ago and has been in our clients careful ownership since 1975.
Only now is the business being offered to the market due to our clients desire for a well-deserved retirement. The business operates 6 days per week and generates a turnover in the region of 202,000 per annum, with a gross profit of approximately 73%.
Our clients offer a variety of services including a couple of wholesale deliveries with huge scope to develop, and supplies to other establishments, while the shop itself offers breads, pies, cakes, sandwiches and drinks etc. The business has built up a tremendous reputation within the area for the 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 are advised that a leasehold option is available for 49,950 with a rent of 150 per month and an option to buy after 5 years.
The property has been very well maintained and fitted out to a very high standard. The property has also recently been re-roofed. We feel the turnover could be increased by extending the opening hours of the business, as well as expanding the wholesale and delivery side of the business. A new owner could also embark on a modest marketing campaign to highlight the business and goods/services offered. A website to promote the business could also be established.
This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Freehold.
We are advised a leasehold option is available for 49,950 with a rent of 150 per week and an option to buy after 5 years.HOURSThe business is open:
Monday - Friday: 8.00am - 5.00pm
Saturday: 8.00am - 4.00pm
Sunday: Closed.STAFFThe business is owner run and managed with 2 Bakers. 2 full time and 2 part time staff and 2 Saturday girls working in the shop.
We are advised that the business could probably be run with 1 Baker as they are currently supplying another shop until June 2015.FINANCIAL PROFILEThe business generates a turnover in the region of 202,000 per annum, with a gross profit of approximately 73%.
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