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Retail premises for sale

£55,000

Unit 1 Ladywood Works, Lutterworth LE17

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Property description

Business
Hilton Smythe welcomes to the market Cook Bake Decorate. This family run business was established over 10 years ago, by our client. The owner is now looking to sell, due to the desire to focus on other interests.

The business runs as an occasion cake decorators and retail store. They make cakes to order and sell party and event goods. Our clients target sales to customers in Leicester, Market Harborough, Rugby, Broughton Astley, Hinckley and all the surrounding villages.

Retail products include food colouring, cake transport boxes, edible sugar decorations, cake cases, baking tools, baking tins, foil balloons, venue decorations and much more. Our client offers cake decorating courses. This is popular with locals of all ages and abilities. The store also sells cake making ingredients to the public and trade. They have a retail shop next door to the kitchen, this is open to the public.

The retail store offers a vast array of baking materials and products for both experienced and first time bakers. The business prides itself on value for money products with great customer service and a hands on personal approach.

Cook Bake Decorate has an excellent website, this is easy to use and allows for extra trade from further afield, due to the free Royal Mail delivery service. The site is included in the sale (). The business further benefits from its Facebook page. The page is regularly updated and has over 750 followers. A great way to market and advertise a business.

The business generated a turnover in the region of £150,000 as of the 2015 accounts, with a gross profit of 47%. This is a healthy turnover with scope to be further increased. We feel that the purchaser could look to offer cupcake decorating parties. This would be a popular service for children’s parties and hen parties.

This is a fantastic opportunity for a husband and wife team or partnership. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Location
Cook Bake Decorate is located in Lutterworth, Leicestershire.

The business is situated on a secured industrial estate just off a busy main road. There are ample retail outlets in the area and the estate boasts plenty of parking. Within the area are densely populated residential areas, from which the store derives much of its trade.

Lutterworth town centre is just a 10-minute walk away from the business. This is a bustling town with all amenities such as a pharmacy, church, town hall, post office, golf course, social club and leisure centre. The town is just 6.8 miles north of Rugby and 15 miles south of Leicester.

The business is just off the A426 an arterial road that runs through the centre of Lutterworth and north to Leicester. There is also direct public transport that runs into Leicester. There are bus stops a short walk away and the closest train station is in Narborough.
Premises
Cook Bake Decorate boasts a large double fronted property, with two entrance doors. One of the entrances leads into the retail space, this is currently unused. The other into an entrance hall with access to the staff areas and the retail space.

The offices are a generous size and come fully equipped with desks, filling cabinets, shelving and racking. This is a bright area with windows facing the front of the property.

There is a staff kitchen plus ladies and gent’s toilets.

There is also a separate kitchen, which comes fully fitted with units, built in over and service till that faces the shop.

The retail space is a generous size, with perimeter shelving and central isles. The shop is spacious and bright, with excellent lighting. All stock is neatly laid out with potential to increase shelf space.

There is ample parking in the area.
Tenure
We are advised the business is being sold as a Leasehold opportunity.

Rolling lease.

New lease to be negotiated with purchaser. Landlord will supply a lease immediately.

Rent: £8,500 per annum.
Hours
The business opening hours: -

Monday & Tuesday: 9:30am – 5pm

Wednesday: Closed

Thursday - Sunday: 9:30am – 5pm
staff
The business is run and managed by our client, with the help of zero hours’ members of staff.
Financial profile
The business generated a turnover in the region of £150,000 as of the 2015 accounts, with a gross profit of 47%.

What Zoopla users think of Lutterworth

Overall rating:

  • currently 3.5 stars
Good - 69% (25 ratings)

Ratings breakdown:

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Community & safety
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Parks & recreation
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Nearby transport

  • Rugby (6.1 miles)
  • Narborough (7.6 miles)
  • South Wigston (8.8 miles)
  • Coventry Airport (13.5 miles)
  • Birmingham International Airport (23.2 miles)
  • East Midlands Airport (26.1 miles)
  • West Lynn Ferry Landing (69.7 miles)
  • King's Lynn Ferry Landing (69.8 miles)
  • Sharpness Old Docks (74.7 miles)

Nearby schools

View all schools in Harborough
  • Sherrier Church of England Primary School (0.3 miles)
  • St Mary's Church of England Primary School Bitteswell (0.7 miles)
  • John Wycliffe Primary School (0.8 miles)
  • Wigston College (8.9 miles)
  • Thornby Hall School (9.7 miles)
  • Beauchamp College (10.2 miles)
  • Lutterworth College (0.5 miles)
  • Lutterworth High School (0.8 miles)
  • Thomas Estley Community College (4.8 miles)
Note: Distances are straight line measurements

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

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Disclaimer

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 Zoopla to give an indication of potential running costs based on various data sources. Zoopla 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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