Freehold Butchers Shop with Living Accommodation
Price:
Freehold - £275,000
Location:
Kent , Broadstairs
Business Type:
Retail businesses
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £99,400 pa with a net profit of £23,089 (see financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for a couple
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides traditional Butchers.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Butchers which has been established since 1980. The business has been in the hands of the current owner since 1980 and now wishes to sell due to retirement.
Services
This very good business opportunity provides traditional Butchers with living accommodation.
Staffing
The concern employs no staff and is family run.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of locals and passing trade.
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 opening hours.
• Increasing the product line to include general goods.
• Increase the commercial clients.
• With the introduction of a website and e-commerce.
• Home Delivery service.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
The present annual turnover is £99,476 with a gross profit of £28,781 and a net profit of £23,089. The present value of the stock is £2000.
The potential turnover of the business within the next 2 years is forecast to reach £140,000 pa 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.
The present annual turnover is £99,476 with a gross profit of £28,781 and a net profit of £23,089. The present value of the stock is £2000.
The potential turnover of the business within the next 2 years is forecast to reach £140,000 pa 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.
- Situated in the Broadstairs area of Kent.
- Prominent location.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Well linked with Margate and Broadstairs.
- Broadstairs and Margate and Bounty bay all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
Monday 7.00am to 12.00pm
Tuesday 7.00am to 4.00pm
Wednesday 7.00am to 1.00pm
Thursday 7.00am to 4
On the first floor there is a one double bedroom, open plan kitchen and living room, bathroom and toilet. The flat is in need of refurbishment and currently has a rental income of £75 per week. The flat has a separate entrance.
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