The Electric Bakery is a fourth generation business established by the Murray family in 1929. The current owners are looking to retire and have therefore decided to place the business on the market. The sale will include the trading name of The Electric Bakery which is a well known and established brand throughout the three Ayrshire counties. The business operates from three retail units together with a large wholesale business with the current split being 45% retail and 55% wholesale with the wholesale proportion of the overall business increasing year upon year
Location
The business is located within the towns of Ayr and Prestwick having two shops in the former and the bakery and a third retail outlet in the latter although the business custom base stretches to the full extent of the three Ayrshire counties and beyond. Ayr is the principal settlement in the South Ayrshire Council area with a resident population of around 46,800 whilst Prestwick is located immediately to the north and has a population of around 15,000.
Accommodation
34.4 sq. m. (360 sq. ft.)
Terms
PRICE Offers over £XXX plus S.A.V.
COSTS Each party will be responsible for their own legal costs incurred in the transaction.
VALUE ADDED TAX All prices, rents and premiums, where quoted, are exclusive of VAT. Prospective purchasers/lessees are advised to satisfy themselves independently as to the incident of Value Added Tax in respect of this transaction.
ANTI MONEY LAUNDERING REGULATIONS The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.
Specification
- INCLUDES THREE FREEHOLD SHOPS AND BAKERY
- RISING INCOME WITH SIGNIFICANT ANNUAL PROFIT GENERATED
- OFFERS OVER £XXX