BUTCHERS, HERNE BAY, KENT
Price:
Freehold - £225,000
Location:
Essex , Herne Bay
Business Type:
Retail businesses
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £167,380 pa with a net profit of £48,257. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner wishes to retire. .
- An easily run operation.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market thriving busy butchers which has been established since1973. The business has been in the hands of the current owner since 1973 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides various types of fresh meat
Staffing
The concern employs 1 staff who is full time. The total wage bill is £12,400.00.
Owners Role
The owners’ role is managing and working the concern and he works full time.
Marketing
The owner does not market the business and he does not have a website.
Competition
As far as competition is concerned they are no threat to his business
Market
The client base consists of mainly of local and business persons, but does have tourists every now and again
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include fish, other meats and groceries
• With the introduction of a website and e-commerce.
Property Details
The property is terraced and is part of a parade of shops and is approximately 50ft x 30 ft. The front is branded with an attractive glass front. The main customer service area is tiled with shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities and a kitchen.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £20,000.00
First Floor
On the first floor there is a split level 2 bed roomed flat which is currently let with an income of £500 per month.
External
To the front there is metered parking
To the rear entrance /exit to the flat above
Financial Details
The present turnover is £167,380 per annum with a gross profit of £69,841 and a net profit of £48,257. The wages are £12,400. The present value of the stock is £2,000.00
The potential turnover of the business within the next 2 years is forecast to reach £180,257 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in Herne Bay area of Kent.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by populated residential area with schools and other local amenities.
- Local population consists of local community, business persons and tourists.
- Area offers exceptional lifestyle.
- Very good trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A299, A291 and good railway links.
Monday to Friday – 0800 - 1700
Saturday - 0800 - 1700
Sunday - Closed
On the first floor there is a split level 2 bed roomed flat which is currently let with an income of £500 per month
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