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Tilley's Bakery, 6 Marsh Parade, Hythe, Southampton, Hampshire, SO45 6AN

Guide Price
£125,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

Shop for sale

Key features

  • Adjusted 2024 net profit of c. £73,000
  • Established business, trading for 36 years
  • Lots of local trade and repeat business
  • Prominent high-street position with parking
  • Potential to increase weekly sales
  • Highly regarded within the local area - EPC: C
  • Christie & Co Ref: 3818277

Description

Description

Tilley’s Bakery is a long established local business that has been open for over 36 years with the current owner having been here for over 7 years, having completely refurbished the shop throughout. There is a strong and steady customer base that offers repeat business, with lots of the local community being frequent customers.

The owner actively works, managing and promoting the business, along with a strong team of staff who are all self-motivated and committed to ensure the business runs as smoothly and efficiently as possible. The owner also does one stock delivery alongside the range of deliveries the bakery has each week.
The bakery was short listed for best business in Southampton last year and made it to the top three! The bakery has also just had an award for Excellent Customer Service.

Location

Hythe is a historical town ideally located next to the New Forest and the water front, and has a real ‘village’ atmosphere with plenty of weekly and annual events taking place. The bakery is opposite the ferry which has a direct link to Southampton, with ferries running every 30 minutes.

Internal Details

The Bakery has two floors, the ground floor having a modern window display area, a well presented counter and matching fully stocked sandwich bar, behind the serving area are four fridges, till, coffee machine, pie warmer, microwave, plenty of shelves for displaying bread and rolls and more prep space. There is a shop sales area with drinks fridge, crisp stand and small seating area. To the rear is the main bakery which has air conditioning, four large cassette ovens, retarder, prover, chiller, bun divider, dough mixers, 2 x Hobart mixers, donut fryer, fridge, microwave, bread slicer, shelving, washing up area with 3 sinks, this is also the proving and prep area. Upstairs has two toilets, a shelved area for flour, then a spacious storage area (four freezers, heat sealer, ham slicer, pie press) leading to a small office which has CCTV, PC and printers.

Ground Floor

You have an ample customer waiting area which takes up half of the front and the other half is taken up by the till, display and sandwich bar.

There is also the baking area downstairs at the rear where majority of the goods are produced in order for ease of restocking.

Other Floors

There is the first floor which is where the ingredients are stored and 4 freezers, 2 toilets and an office.

External Details

There is an allocated parking space to the rear of the bakery for the business owner. There is also plenty of customer parking outside the shop, and around the town.

The Opportunity

An excellent opportunity for a lifestyle business, offering a couple or an individual a perfect business that has been nurtured for years and is established to continue for many more.
The bakery is closed on Sunday which presents a new owner the option of longer opening hours and the option of introducing other services and products to local businesses.

Staff

There are 14 members of staff which includes 2 full time bakers and an array of staff covering the opening hours.

Trading Information

We are advised the store is currently trading at around £10,000 per week

Draft Financial Accounts Year Ending 31/03/2024
Turnover £483,386
Adjusted Net Profit c. £73,000

Trading Hours

Monday to Friday - 8:00 - 16:00
Saturday - 08:00 -15:00
Sunday - Closed

Tenure

We are offering the assignment of this 10 year lease with 4 years remaining at a passing rent of £10,000. The landlord has expressed willingness to negotiate and extend the lease.

Business Rates

The Business currently qualifies for full small business rate relief, meaning nothing was payable in the last accounting year.

Energy Performance Certificates

EPC 1

Brochures

Tilley's Bakery, 6 Marsh Parade, Hythe, Southampton, Hampshire, SO45 6AN

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Woolston Station2.2 miles
  • Sholing Station2.4 miles
  • Netley Station2.6 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Christie & Co, Retail

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

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Disclaimer - Property reference 3818277-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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