Leasehold Bakers Village In Maidstone For Sale

Description

LocationProminently situated within a small retail parade on a busy street in the centre of a village approximately 3.5 miles from Maidstone, serving a wide affluent catchment area.BusinessWell-established business under the current ownership for the past 2 years.The business is offered for sale due to the owner's other business interests.Potential exists to further develop the business through the introduction of a coffee shop, outside catering, delivery services, and celebration cakes.TurnoverAverage weekly takings of £3,500-£4,000 with an estimated gross profit margin of 60%.Staff* 2 full-time employees* 7 part-time employeesTrading Hours* Monday to Saturday: 6:30 am - 2:00 pm* Closed SundayPremisesMid-parade premises with double frontage and single entrance.Retail AreaApproximately 500 sq ft including:* Refrigerated serve-over counter* EPOS till* Barista coffee machine* Two heated display cabinets* Upright chillerBakery Area* Stainless steel work surfaces* Double stainless steel sink* Under-counter refrigeration* Microwave oven* Two freezers* Turbo bake-off oven* Separate toilet with wash basinOutside* Rear yard* Single garageLiving AccommodationTwo-bedroom flat included.Currently let on an Assured Shorthold Tenancy producing rental income of £1,000 per calendar month.Tenure3 years remaining on the current 5-year lease.Rent: £17,000 per annum.Rent reviews every 5 years.EPC RatingTo be advised.Business RatesNo business rates currently payable.