Property Information
Address:
Colchester, Essex
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489606
Property Ref/Agent: 1615-bakery-shop-and-cafe-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe welcomes to the market these three outstanding businesses.
Mersea Island Bakery Ltd, Acclaimed Celebration Cakes Ltd and Table Dainties Ltd.
Established in 1975 the businesses have been under the careful control of our clients for the last 3 years.
As previously mentioned Mersea Island Bakery Ltd and Acclaimed Celebration Cakes Ltd both operate from the same fully equipped premises producing a wide variety of celebration cakes and pastries.
To the front of the bakery is a pristine 12 cover cafe, very well maintained with modern furnishings, with a further 16 covers outside to the frontage serving the tempting produce, opening for breakfast and lunch.
The business has an excellent reputation and is well supported by the local community with a loyal customer base as well as benefiting from additional trade from the many visitors to the region.
We believe the business has massive potential to further develop, currently run at a pace to suit our client the trading hours could be extended.
Additionally, the business currently does not produce bread although fully equipped to do so, if a variety of breads were to be introduced we believe this would prove extremely lucrative, as would introducing an outside catering arm to the business.
The business would also benefit from introducing a web site and marketing on social media websites to further promote awareness.
We feel with an injection of marketing, in particular towards the tourist industry and developing the wholesale side of this already profitable concern to the many local businesses in the region would see positive results on income.
Above the business is a self contained two bedroom flat currently let out, but could be used as owner's accommodation if required.
Table Dainties Ltd is an outlet shop for the bakery products located in close proximity to the very busy Colchester town centre.
Naturally, early viewing of this turn the key business offering a lifestyle change in this lovely town comes highly recommended.TENUREWe are advised leasehold.
Acclaimed Celebration Cakes Ltd and Mersea Island Bakery Ltd with a combined rent of 13,500 per annum, with a new lease to be negotiated.
Table Dainties Ltd rent is 7,000 per annum, with a 5 year lease and 2.5 years remaining.HOURSTo be advised.STAFFTo be advised.FINANCIAL PROFILEAcclaimed Celebration Cakes Ltd reported turnover is 81,835 and reported gross profit at 53,830.
Mersea Island Bakeries Ltd reported turnover is 86,256 per annum and gross profit at 30,747.
Table Dainties Ltd reported turnover is 111,000 with reported gross profit at 39,864.
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