Location
The business premises are located on Sea Road which is the main retail street running through the popular suburb of Fulwell. Juliet’s forms part of a busy secondary shopping parade that includes the Post Office, Domino Pizza, One Stop and a number of other strong independents.
Sea Road runs from Fulwell Road down towards the sea front and there is free on street parking in the nearby side streets.
Business
This is an established and reputable family business which commenced trading in 1998 but has been placed on the market as our clients now wish to retire.
The opportunity consists of two operational elements, one of which is production and the other retailing, from within a mid-terrace two storey property. The retail and prep operates from the ground floor and there is a fully fitted equipped bakery on the upper floor.
The produce comprises savouries, confectionery and cakes which are baked on site, plus bread and rolls which are bought in. There is a small wholesale element which accounts for circa 10% of the turnover with the remainder generated from the retail side. The business also offered a popular outside catering service but this has slowed during “lockdown” and whilst the enquiries are now coming in, our client is not driving this side of the business.
There is potential for a new owner to grow the wholesale and outside catering side of the business and the hours could also be extended. The bakery has an excellent local reputation for its produce and is well respected with a solid and loyal customer base. This is a rare to the market opportunity that could suit either a sole trader or an existing operator looking to add an outlet.
Property
Comprises two storey mid terraced premises forming part of the main shopping area;
Ground Floor
Retail Shop circa 335 sq.ft. (31 sq.m.).
Rear Prep / Store circa 97 sq.ft. (9 sq.m.).
First Floor
Bakery circa 400 sq.ft. (37 sq.m.)
External
Yard Area
W.C.
EPC
Rating - C.
Trading Hours
Monday – Friday 9.00am – 4.00pm
Saturday 8.30am – 3.00pm
Sunday closed
Staff
The business is operated by our clients with the help of 7 members of staff on part time contracts.
Services
Electricity and water is installed to the premises and our client has a favourable contract in place in relation to the electricity. This ensures a lower rate payable during the night when the baking is done and the ovens are on. This has protected trade from the recent spike in utility costs.
Rates
The premises are assessed as follows:
Rateable Value £5,300
Rates free incentives are available subject to status.
Tenure
We have been verbally informed that the premises is available on a new lease at an asking rent of £12,000 per annum. Full terms to be agreed.
Money Laundering Regulations:
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
