Waas Bakery, Walls

£395,000
Key Details

Price:

£395,000

Status:

Available

Entry:

By arrangement.

Viewing:

Strictly by appointment only. Please contact our reception on 01595 695583.

Overview

Fantastic opportunity to acquire a well-established and consistently profitable wholesale artisan bakery business set in a beautiful shore side setting in the village of Walls on the Westside of mainland Shetland.

Operating from modern, purpose-built premises overlooking the voe of Vaila Sound, the business represents a great opportunity for an enthusiastic new owner to build on the success of the current business with potential for further development.

Included is a studio flat ideal for owner's or employee accommodation.

Coupled with its very special location in the Shetland Islands, the most northerly part of the United Kingdom, the business represents a great lifestyle opportunity for anyone seeking to run their own business in a very unique environment.

General Information

The Business

business trading from modern, purpose-built premises in the village of Walls. Established in 1983, originally in a converted church, its success led to new purpose-built premises being constructed in 1993 where the business is now based.

The main business is the production and sale of a wide range of both freshly baked and longer shelf-life products to a range of independent retail outlets throughout Shetland, to the local Co-op supermarket in Lerwick, as well as numerous cafes, restaurants and service stations, the expanding and varied product line including 'real' bread (sourdough etc.), focaccia rolls, French pastries, cakes & fancies, oatcakes & biscuits.

The business was taken over by Bruce Gilardi in 2016 who immediately set about building on the previous success of the business by embarking on an ambitious programme of rebranding and the introduction of new products with the aim of creating an artisan bakery producing high quality products using the best of local ingredients where possible. Following his untimely death earlier this year, the family have reluctantly decided to pass this great opportunity on.

Although consistently profitable there is considerable scope for an enthusiastic new owner with vision to carry on developing the business and build on its well-established reputation and new branding, in particular the potential for exporting products out of Shetland.

The Premises

The Premises which are owned outright, forms one half of a detached building also comprising the local shop and post office. The building is of modern construction providing an ideal base to work from and includes the business premises plus a first floor studio flat.

Accessed via a main door with separate roller shutter door to the side for deliveries / dispatch, the business premises comprises:-

  • main bakery production area (approx. 80m²) with extraction fan system
  • confectionery room (approx. 10m²)
  • raw materials store (approx. 29m²)
  • packing room (approx. 28m²)
  • dispatch room (approx. 25m²)
  • office with computer etc.
  • store
  • employee facilities including toilets & rest room.

There is also a substantial attic storage space.

Trading Information

Turnover to end May 2018 was £460,000. Full accounting information can be made available to seriously interested parties following viewing.

Equipment

The business is fully equipped with a wide range of commercial bakery equipment, full details of which can be provided. In particular, equipment in the main production area includes a Revorack Double D oven, Tom Chandley 15 pan deck oven, Tom Chandley rack oven, Double D retarder prover, assorted mixers, 2 Rondo pastry brakes, and a Williams double rack freezer. Off this space is a Foster walk-in fridge.

Equipment in the remaining areas includes assorted fridges / freezers and in the packing room, a Record Panda 1000 flo wrap machine, a couple of manual sealers and a computerised labeling station.

All the equipment is owned outright.

Deliveries are carried out using a leased Mercedes Sprinter van.

Flat

The modern flat which is situated above the premises, has its own self-contained access, an open-plan kitchen / living room, the living area enjoying the fantastic views south over the voe, a bedroom and shower room. It could provide accommodation either for the owner of the business, or for one of the employees.

EPC Rating

The business premises has an Energy Performance Rating of Band F (84).

Rateable Value

The Rateable Value is understood to currently be £4,150. Shetland Islands Council operates a rates relief scheme through the Small Business Bonus Scheme. Prospective purchasers requiring further information should contact the Council directly for more information.

Staffing

This is a business ideally suited to an enthusiastic owner / manager supported by the current experienced team which includes the Head Baker (35 years' experience), 4 additional Bakers, Head of Dispatch, 3 Dispatch Assistants (2 full-time, 1 part-time) and a Van Driver.

Location

The business is set in an idyllic shore side setting in the centre of Walls, a small picturesque village clustered around the voe of Vaila Sound on the Westside of mainland Shetland. Lerwick. Shetland's main town lies approximately 25 miles to the east.

The Shetland Islands themselves are the most northerly part of the United Kingdom being located approximately 200 miles north of Aberdeen and 200 miles west of Bergen, Norway. They comprise over 100 islands of which 15 are inhabited.

A daily overnight ferry service from Lerwick operated by Northlink Ferries (www.northlinkferries.co.uk) links Shetland with mainland Scotland and also the neighbouring Orkney Islands, whilst Loganair (www.loganair.co.uk) operates direct flights to Sumburgh at the very southern tip of Shetland from Aberdeen, Inverness, Edinburgh & Glasgow.

The population of around 23,000 which is supplemented by summer visitors including an increasing number of cruise line passengers, enjoys a great quality of life in fantastic, unspoilt surroundings with dramatic scenery, an abundance of wildlife and a significant focus on culture and heritage.

In spite of the remote, 'get-away-from-it-all' location, thanks to the oil boom of the 1970's islanders enjoy great amenities and public services of a high standard with well-equipped schools (Walls has its own primary school, secondary schooling being available at Aith (approx. 9 miles) or Lerwick), excellent health services (there is a health centre in the village) and fantastic sports facilities with a range of leisure centres spread throughout the islands including the West Mainland Leisure Centre with swimming pool and sports hall at Aith.

Excellent road and other transport links means it is easy to get around.

Fishing and the oil industry are the largest income generators although other industries such as farming / crofting, tourism, food & drink, and textiles also make a significant contribution to the comparatively buoyant local economy, the islands having had one of the lowest unemployment rates in the UK for many years.

Further information about living and working in Shetland can be found at www.shetland.org

To see the location of the property in an overall Shetland context, adjust the zoom by clicking the + or - buttons. Use the 'Map', 'Satellite' & 'Hybrid' buttons to switch between an ordnance survey style road map, a satellite aerial photograph or a combination (hybrid) of the two. Please note that the date of the satellite image is unknown and may not show new buildings.

(Please be aware the Google Street View was taken on the date shown. The building and surroundings may have changed since then. We always recommend you view the property personally.)

Important Information for Prospective Purchasers

This schedule is intended only to help you decide whether to view the property. We always recommend you view the property personally.

The information is believed to be correct, but it is not warranted and is not to form part of any contract of sale. All dates, distances, areas and room sizes noted are approximate and for use as a general guide only. Prospective purchasers should satisfy themselves as to the working condition or otherwise of any equipment such as central heating or kitchen appliances.

This schedule should not be taken as a comment on the condition of the property. This is a matter for your surveyor and we recommend that once you have found a property you are interested in, you obtain a survey report. We can provide details of surveyors if required.

Interested parties are advised to note their interest through their solicitor as soon as possible so that they can be informed if a closing date is fixed. Noting interest does not place any obligation on the seller to set a closing date or to give any noted interests the opportunity to offer. Whilst every effort will be made to advise noted interests of any closing date set, this cannot be guaranteed.

No responsibility will be accepted for expenses incurred by parties who have noted interest but do not get an opportunity to offer, or for any expenses incurred traveling to properties which have been sold or withdrawn.

Thanks again for your brilliant service with both my property sales over the past years. Your experience in Shetland is much noted with local people.

Selling my house whilst living in Edinburgh was a daunting prospect but I should not have worried. The communications between both parties was easy and the sale of my property went through without any hitches.

Diane Legget

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