| (REF: NW00009334) Popular Pie Shop And Sandwich Bar - Morecambe |
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| Seller Reference: |
NW00009334 |
| B4S Reference: |
28654 |
| Asking Price: |
£265,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£97,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Morecambe, Lancashire, United Kingdom |
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LOCATION
Adams and Co. are pleased to offer for sale this highly regarded pie shop located on a main arterial route through the centre of Morecambe. The business is located within an established trading area and is close to the main retailers and other local shops and services. The property is highly visible and has prominent frontage that maximises its potential. Morecambe is an improving coastal town with 5 miles of promenade with glorious views over the bay to the Lakeland hills. Morecambe is ideally positioned, with easy access to Junctions 34 or 35 of the M6 motorway, giving accessibility to The Lake District and all its attractions, and is just 4 miles from the historic City of Lancaster.
THE PROPERTY
A two storey end terraced property briefly comprising double fronted ground floor corner retail premises having sales area, kitchen and cellar. The self contained two bedroom apartment above has been tastefully upgraded and modernised throughout, providing attractive accommodation which comprise spacious lounge, kitchen, two bedrooms and bathroom. The apartment could easily be let out to provide additional rental income.
BUSINESS PREMISES - SALES AREA
The ground floor premises have prominent street frontage with attractive sign written fascia and window canopies. The premises have dual aspect windows to front and side and have glazed entrance door to the sale area which has a good range of equipment including Matirol two door refrigerated display counter. Upright drinks chiller. Mirrored Display / shelving unit. Samsung cash till. Wash hand basin. S/s twin bowl sink unit. Doorway from back of counter leading up to:
KITCHEN
Fully fitted s/s commercial kitchen approx. 20ft 8" x 10ft 10", with an excellent range of equipment including Rondo Doge pastry brake with 3 phase power. S/s 3 Door refrigerated salad counter. 2 x John Hunt little champions with dies and tins. Range of s/s tables and trolleys. Two s/s Gram upright fridges. NBS commercial dough mixer. S/s Blueseal 6- burner range and gas oven. S/s Vectair 12 tray gas oven. 2 x Upright tray racks with trays. Handwash basin.
CELLAR
Hallway used for storage with shelving units. Doorways to cellar rooms: Room 1: Approx. 10ft 7" x 8ft 8", used as prep room with concrete floor, 2 walls covered with white upvc tongue and groove panelling, light and power, Main multipoint hot water boiler for bakery only. Equipment including Omega potato rumbler and chipper, s/s Imperial upright freezer, Indesit washing machine and s/s single sink unit. Room 2: Approx. 13ft 7" x 10ft 10", currently used as an office and with further storage. Equipment including large office corner desk and filing cabinets, a range of freezers and s/s tables. Door to staff WC.
BUSINESS
Our client has run the business as a Bakery and Pie shop for 17 years and is now looking to retire. The business runs as a daytime takeaway and offers an easy menu and with easy hours to suit our client. The business has an enviable reputation in the area for its pies and baking, and the traditional pie recipes have been passed down through our client's family from generation to generation. This invaluable knowledge will be passed on to the purchaser making this a very attractive opportunity. The vendor has informed us that they currently provide outside catering / buffets, at weekends to local clubs and pubs for wedding parties, anniversaries, retirements, etc. The bakery serves a good selection of hot and cold beverages and all the produce is home-made on the premises and includes suppers, hotpot, sandwiches, pies and an excellent range of cakes.
TRADE
Sales for the year ending 11th December 2009 were £96,558 with a Gross Profit of £68,79 showing excellent net profits. Accounts will be made available to seriously interested parties following a formal viewing.
REASON FOR SALE
Genuine retirement sale.
HOURS
Monday to Saturday 8.30am to 2.30pm
Wednesday and Sunday CLOSED
STAFF
The vendor runs the business with the help of 1 full time, 1 part time, and two casual members of staff.
TWO BEDROOM HOME
A most impressive two bedroom apartment situated on the upper two floors. Providing attractive and spacious accommodation, with many improvements by our clients, and benefiting from a fully fitted kitchen and updated bathroom, double glazing and part gas central heating. Accessed via the separate entrance door to the front of the property. Through the front entrance door into the entrance vestibule, with laminate flooring leading to the downstairs hallway with stairs up to the first floor landing with telephone point. Doors leading to:
LOUNGE
Very attractive room affording plenty of light, approx. 15ft 8" x 11ft 8", with large bay window and separate window to front elevation, living flame gas fire with marble effect fireplace and hearth, expensive wood effect flooring, ceiling coving, chandelier light fitting, CH radiator, TV aerial point.
KITCHEN
Approx. 12ft 5" x 7ft 1", with an excellent range of fully fitted wall and base units. Tiled splash back with complimentary work surfaces, Electrolux double oven, Halogen hob with extraction unit, white one and a half bowl sink with mixer tap, laminate flooring, breakfast bar, CH radiator and window to front elevation. Fitted wall unit spotlights and ceiling fan light.
BATHROOM
With part tiled, laminate flooring, white 3-piece suite with corner bath with mixer tap and showerhead. CH radiator, storage cupboard housing Solar gas central heating combination boiler. Frosted window to side.
Stairs with spindle balustrade leading to second floor landing with velux window, doors to:
BEDROOM ONE
Approx. 11ft 7" x 7ft 10", with pitched ceiling, carpeted flooring, window to side.
BEDROOM TWO
Approx. 14ft 8" x 11ft 9", attractive double bedroom with pitched ceiling, carpeted flooring, and window to front.
EXTERNALLY
Patio area to the side with stone flags and attractive potted plants
TENURE
Advised Freehold.
SERVICES
We understand from the vendor that all main services are connected to the property.
BUSINESS RATES and DOMESTIC COUNCIL TAX
Business rates payable are £497pa. The domestic accommodation falls into Band A for council tax purposes.
LEGAL FEES
Vendors and Buyers each to meet their own legal costs.
LOCAL AUTHORITY
Lancaster City Council.
APPOINTMENT TO VIEW
UNDER NO CIRCUMSTANCES SHOULD YOU APPROACH THE BUSINESS DIRECTLY
We will be pleased to make arrangements for you to view the property and business. All viewings must be by appointment, which we will arrange, following a brief discussion as to the potential buyers' financial position and their ability to proceed.
You are advised to check the availability of this business before travelling any distance to view.
ALL NEGOTIATIONS MUST BE THROUGH THIS OFFICE
FINANCE
Finance for this business is available through Adams and Co (Finance). Please call this office for more details. Please remember that all loans are subject to status and survey.
THE PROPERTY MISDESCRIPTIONS ACT 1991
The information contained herein relating to property matters was checked by Adams and Co, and was accurate at the time these particulars were originally produced. The particulars have been approved by the vendor, who has undertaken to advise us of any material changes which may occur. Such amendments have been incorporated as and where appropriate. However, since it is possible that further changes have occurred, of which we are unaware, we would recommend that prospective buyers take appropriate precautions to check anything, which is critical to their interest in this property.
Every effort has been made to ensure that the information, which does not relate to the property, (and is therefore not covered by the Property Misdescriptions Act 1991) is accurate. The vendor, who has approved the information detailed, has provided the data. However, as all businesses are constantly changing, the information contained in the sales particulars may not be as up to date as we might wish. Prospective purchasers are therefore advised to check the current trading situation at the time of inspection or, if necessary we can arrange for potential buyers to speak to the vendors by telephone, prior to making a commitment to view the business.
Adams and Co have not tested any apparatus, equipment, fixtures and fittings, or services and so cannot verify they are in working order or fit for the purpose. Buyers are advised to obtain verification from their Solicitor or Surveyor. Purchasers must satisfy themselves as to their actual condition prior to purchase.
References to the Tenure of a Property are based on information supplied to Adams and Co by the vendor. Adams and Co has not had sight of the title documents. Buyers are advised to obtain verification from their solicitor.
All measurements are approximate and intended for general guidance only and should therefore be considered to be 'nominal'.
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Property: |
Freehold |
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Living Accommodation: |
No |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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