Retail premises for sale in 32 North Street, Bourne PE10
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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.
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.
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: -
Four stainless steel preparation tables
To name just a few of the assets.
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.
The business opening hours:
Monday-Friday: 10AM – 4PM
Saturday: 10AM – 2PM
The hours have been decreased as the owner is looking to retire and could be extended to increase turnover and profitability.
The business is run and managed by our client, with the help of 2 part time members of staff.
The Cake Kabin generated an advised turnover of circa £50,000 as of the 2016 accounts.
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.
East Midlands Airport
Robin Hood Airport
West Lynn Ferry Landing
King's Lynn Ferry Landing
Hull Ferry Terminal
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Bourne Abbey Church of England Primary Academy
Bourne Westfield Primary Academy
Bourne Elsea Park Church of England Primary Academy
New College Stamford
Greater Peterborough UTC
Peterborough Regional College
Bourne Grammar School
The Willoughby School
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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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