Electric Bakery on the market
Business owners call it a day
An iconic Ayrshire bakery with almost 100 years of history has been put on the market.
The Electric Bakery is up for sale with offers of over £500,000 being sought for the retail and wholesale business.
The fourth generation business was established by the Murray family in 1929 with the current owners looking to retire.
The half-a-million-pound price tag gets the buyer the “well known and established” Electric Bakery brand name, which is well established throughout Ayrshire.
Two shops in Ayr and a store in Prestwick form part of the sale along with the commercial bakery unit in
Prestwick.
Shepherd Chartered Surveyors has been tasked with selling the business, which sees its business split 45 per cent retail and 55 per cent wholesale with the latter “increasing year upon year”.
Shops trade six days a week with the business employing a mix of 31 full and part-time workers.
Shepherd Chartered Surveyors states: “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 per cent retail and 55 per cent wholesale with the wholesale proportion of the overall business increasing year upon year.
“The bakery itself is a modern well equipped facility with all equipment owned outright as are the four delivery vans.
“The shops are all in prominent retail locations and they currently trade six days per week.The staff compliment is 31 being a mixture of full and part time.
“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.”