A beloved and long-established bakery, deli, and catering business in Armagh is up for sale as the owners prepare for retirement after 34 successful years.
Raffles, located just off the iconic Shambles Roundabout in Armagh city centre, presents a rare opportunity for those in the food industry – or aspiring entrepreneurs – to take over a thriving, turnkey business.
Marketed by CPS, the sale includes not only the bustling ground-floor business but also a three-storey building featuring two one-bedroom apartments, offering an estimated yield of around 10%. A spacious rear store and yard add further development or business potential, subject to planning permissions.
With a strong local reputation and a prime location, Raffles is expected to attract significant interest.
Raffles, located just off the iconic Shambles Roundabout in Armagh city centre, presents a rare opportunity for those in the food industry – or aspiring entrepreneurs – to take over a thriving, turnkey business.
Marketed by CPS, the sale includes not only the bustling ground-floor business but also a three-storey building featuring two one-bedroom apartments, offering an estimated yield of around 10%. A spacious rear store and yard add further development or business potential, subject to planning permissions.
With a strong local reputation and a prime location, Raffles is expected to attract significant interest.
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LifestyleTranscript
00:00Hello and welcome to this delicious listing with CPS, Raffles Bakery. Situated in the
00:11heart of the historic city of Amar. Come on, let's have a look inside. It smells so good in here.
00:17I'm standing here with Kerry who works within this family business. Kerry, tell us why is
00:23Raffles being sold? So you don't just serve food in here, you do outdoor catering as well. Really loyal customer base from what I've seen this morning.
00:44This successful business is being sold as a going concern and the name Raffles shall be sold with it.
00:50As you can see from behind me with the busy and dedicated staff. It has excellent net profits, strong turnover and a really busy daily football.
01:01You've bought me, it's delicious for CPS today.