Retail premises for sale in 32 North Street, Bourne PE10

£19,000
Interested in this property? Call +44 1204 351867 * or

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Property description

Business
Hilton Smythe welcomes to the market The Cake Kabin, which opened in its current location in 2010. The business was however established several years before. Our client is now retiring, hence the sale of this well-established business, which is primarily renowned for its fantastic range of bespoke, and traditional cakes for all occasions.

The cakes are freshly baked in the 5-star hygiene rated first floor catering facilities, which are located directly above the show room area which sells a vast array of baking supplies, equipment, cake decorations, helium balloons and party decorations.

Although there is a website The Cake Kabin could benefit from an uplift in marketing as the owner has decreased the hours the shop is open and no longer does outside catering, which added an extra 5% to the turnover only 4 years ago.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
The Cake Kabin is located in Bourne within Lincolnshire on a main road close to other local businesses.

Bourne currently has free parking in local car parks and on the main road with a 40-minute waiting time.

The Cake Kabin is located on the A15 between Sleaford and Peterborough with transport links to both.
Premises
The ground floor is entered by the street door to the main show room area with ample wall displays, storage and counter area.

Passed the counter area is the store room and the cloakroom with disabled access.

There is also a door to the rear.

Upstairs is the main kitchen/baking area with: -

Three ovens

Chest freezer

Two fridges

Four stainless steel preparation tables

Microwave cooker

To name just a few of the assets.
Tenure
We are advised the business is being sold as a leasehold business opportunity.

Original lease length: 3years.

Remaining lease length: 9 months as of July 2017.

Rent: £14,400 per annum including VAT.

Business Rates currently £0

The landlord is very flexible about renewing the lease.
Hours
The business opening hours:

Monday-Friday: 10AM – 4PM

Wednesday: Closed

Saturday: 10AM – 2PM

The hours have been decreased as the owner is looking to retire and could be extended to increase turnover and profitability.
Staff
The business is run and managed by our client, with the help of 2 part time members of staff.
Financial profile
The Cake Kabin generated an advised turnover of circa £50,000 as of the 2016 accounts.
Extra notes
The turnover and profit is at least 33% down on a few years ago before our client decreased hours and external catering due to looking to retire.

Nearby transport

  • Spalding (9.3 miles)
  • Stamford (Lincs) (9.5 miles)
  • Peterborough (14.5 miles)
  • East Midlands Airport (40.0 miles)
  • Coventry Airport (54.0 miles)
  • Robin Hood Airport (55.3 miles)
  • West Lynn Ferry Landing (32.1 miles)
  • King's Lynn Ferry Landing (32.2 miles)
  • Hull Ferry Terminal (67.5 miles)

Nearby schools

View all schools in South Kesteven
  • Bourne Abbey Church of England Primary Academy (0.3 miles)
  • Bourne Westfield Primary Academy (0.6 miles)
  • Bourne Elsea Park Church of England Primary Academy (0.7 miles)
  • New College Stamford (8.6 miles)
  • Greater Peterborough UTC (14.0 miles)
  • Peterborough Regional College (14.1 miles)
  • Bourne Academy (0.4 miles)
  • Bourne Grammar School (0.5 miles)
  • The Willoughby School (0.5 miles)
Note: Distance is shown as a straight line measurement

Local info for South Kesteven

About the neighbours in PE10

For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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