Leasehold Butchers in a Historic Indoor Market in Central Cardiff PRICE RED
Price:
Leasehold - £69,950
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 £110,000 pa with a net profit of £22,136 (see financial summary below).
- A business with great potential which has not been exploited because the current owner has been working alone for a long period of time which has limited the opportunities to develop the business.
- An easily run operation.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides meat, poultry, bacon, sausages and a good range of ready marinated meat and poultry products.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Butchers which has been established since 1940. The business has been in the hands of the current owner since 1980 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides meat, poultry, bacon, sausages and a good range of ready marinated meat and poultry products.
Staffing
The concern employs no staff and is family run business.
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
As far as competition is concerned there are many other similar businesses within this specialist indoor market which is a great asset to footfall.
Market
The client base is from a wide radius due to the city centre location and the history and reputation of the market.
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 game and cooked meats.
• Recruit additional staff to facilitate the development of the business and becoming more efficient with staffing levels.
• Develop commercial contracts and delivery services.
• With the introduction of a website and e-commerce.
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 £116,000 with a gross profit of £50,148 and a net profit of £22,136.
The present value of the stock is £3,000.
The potential turnover of the business within the next 2 years is forecast to reach £175,000 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.
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 the sought after and historical Cardiff Central Market which was originally established in the 1700’s.
- Prominent city centre location.
- Part of an exclusive indoor market.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Excellent pedestrian flow.
- Commercially thriving area.
- Well linked with the M4, A4161, A4119 and A470.
- Cardiff Castle, Cardiff Bay, Newport, The Rhondda Valley and Bristol all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
The current lease is a rolling agreement with the local council.
The rent, rates and service charge combined is £13,539 pa. The lease may be renewable or negotiable for a longer term if required.
Monday to Saturday: 6.00am – 5.30pm
Sunday: Closed
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