• SUCCESSFUL TOWN CENTRE BUTCHERY BUSINESS

Price:

Leasehold - £39,950

Seller Ref:

B34279

Location:

Cornwall, Camborne

Business Type:

Corporate Businesses, Retail businesses

See Other:

Butcher shops for sale in Cornwall
Miscellaneous businesses for sale in Cornwall
Retail businesses for sale in Cornwall
Corporate businesses for sale in Cornwall

Description:

THE BUSINESS:

• COMPREHENSIVELY AND PROFESSIONALLY REFURBISHED/EQUIPPED
• 100% RETAIL TRADE (POTENTIAL FOR WHOLESALE)
• LONG SECURE LEASE
• CONSISTENT TRADING PERFORMANCE/PROFITS
• VIEWING HIGHLY RECOMMENDED
The property occupies a corner ground floor position, which was purchased by our clients circa 5 years ago who embarked on a complete refurbishment/equipping programme. Given their experience in the trade this resulted in a bespoke professionally fitted out butchery/deli business, with requisite storage and preparation areas. Upon a viewing, the quality of the layout and fixtures and fittings will be self evident.

The business is concerned with 100% retail sales, therefore there is scope to develop a wholesale market. The business has been in our clients’ tenure for the past 5 years and is now being sold due to personal commitments to concentrate on other core business activities. Given our clients other business commitments, the business is currently management run, with the assistance of 2 full time and 2 part time members of staff, trading between Monday and Saturday 8am to 5pm. The trading profit and loss account for the year end April 2009 show sales of £345,101 (VAT not applicable), producing a gross profit of 40.5% and strong adjusted net profit. Further accounting information will be made available subsequent to a viewing appointment in the normal manner.

Location Details:

Cornish Quality Meats is situated in the centre of Trelowarren Street, the principal trading area of Camborne. Camborne has a number of national and niche retailers and is widely regarded as a thriving town which has seen economic regeneration in the town itself and also in the wider adjoining conurbation, bringing an enhanced prosperity

Lease Terms:

Remainder of 15 year lease, commenced 12th November 2004 at a current passing rental of £18,000 per annum. 5 year rent review pattern. We understand this lease enjoys the Security of Tenure under the Landlord and Tenant Act 1954.