Outstanding bakery and valuable freehold property in Tyne and Wear for Sale.
The bakery was first established and incorporated in 1906 and has been run by the same family since 1961. This is the first time the business has come to the open market since then, with the owners looking forward to a well-earned retirement. Weekly Turnover £3,000 to £3,500. Spacious retail shop on a highly prominent corner just a few metres up from the stunning beach and promenade. Behind the retail shop lies the bakery, exceptionally well-fitted and equipped to the highest hygienic and energy efficient standards. Above the bakery is a good size self-contained flat with two double bedrooms and a large living room. The flat has its own independent access via an external staircase. Although originally set up as a commercial high volume bakery supplying wholesale to hotels, restaurants, shops and other bakeries, of recent times the retail side has become increasingly the focus of operations. A busy and thriving sandwich making business, as well retail supply of fresh baked goods to the local community makes this business a well-loved institution. This sale represents a perfect opportunity to acquire a substantial freehold property with rental income potential from the flat above, plus a long-established, successful and highly regarded bakery business with net profits in excess of £53,000 (adjusted) per annum. The Premises Comprise: Substantial and very prominent corner building, being the end of a terrace of residential properties. The building is a traditional two storey brick built end of terrace property and has been added on to with a shorter, two storey brick extension to the rear. Glass fronted, fully double glazed, two-sided retail shop. A good range of deli-counter display chillers and shelved racking for the display of breads. The customer service area is air-conditioned. Prep area behind the shop counter with ample worktop space, cabinet storage and hand-wash sink. Further prep area with ‘walk-in’ freezer unit. Additional storage room. Additional prep area with commercial upright refrigeration, stainless prep table, oven and hob, and pan wash equipment. Short steps leading to the main bakery block. Dough mixers and ancillary baking equipment plus the very original Dumbrill Supergas oven which is the beating heart of the bakery, is perfectly operational and dates back to the early history of the bakery. There is a mezzanine style floor above the baking room which is accessed by steps and utilised for storage. Rear exit door from the rear prep room leads to an external yard and brick built staff toilet. Steel staircase leading to the upper floor flat, self-contained with two double bedrooms, large lounge, bathroom with shower over bath and good size kitchen. EPC Band D.