Butcher shops for sale in Ilford

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Halal Butchers In Ilford, Greater London

Ilford, London, England

  • Leasehold Price: £60,000  Price Reduced arrow_drop_down
  • Annual Turnover: £290,403
  • Annual Gross Profit: £80,853
Seller Reference: 6493
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Business Description
 
 
 
 
 
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Seller Reference: 6493
Request Details
Business Description
Busy Residential Trading Area
Latest Accounts To 31 March 2018
Annual Turnover £290,403
Gross Profit Circa £80,853
Accounts Available After Viewing
Potential To Introduce Social Media / Website
Would Suit Hands On Owner Operator
Scope For Expansion
EPC - C
REF 6493 – Leasehold Halal Butchers

Blacks Brokers are pleased to bring to the market this leasehold halal butchers located in a busy residential area of Ilford, Greater London.

INTRODUCTION

Ibraheem Halal Meat has been trading on Ilford Lane since 2011 with our client in ownership since 2017. The shop has firmly established itself within the local community, gaining a large, repeat customer base in addition to an excellent reputation. The business offers a range of top quality meats in addition to fresh fruits and vegetables.

LOCATION

The business is positioned within a busy area of Ilford close to other local shops, complementary businesses and a large residential community. The area is well linked by the A12 and has superb public transport links in place including Barking Station and Ilford Station. There is residential parking within the immediate vicinity.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but will soon be operated by staff only due to our client’s other business interests requiring more time than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is ten years and began in 2017 at a cost of £442 per week.

BUILDING LAYOUT AND DESIGN

Ibraheem Halal Meat operates from the ground floor of a large, corner property. The business is well branded with signage displayed to both sides and is fitted with large canopy covers creating additional retail space outside. Inside, the main shop is well presented and fitted with chiller cabinets, display fridges and freezers, wall shelving and units. To the rear of the counter is a good sized preparation area with a fully equipped kitchen and separate chiller room. Each area is presented well and all fixtures and fittings are of good quality.

STAFF

The business is currently operating with four members of staff in employment. This includes our client working on a full time basis in a hands on role and a butcher. If the new owner was a butcher the wage costs could be greatly reduced.

FINANCIAL DETAILS

Ibraheem Halal Meat has traded solidly since opening. We are advised that the business currently has annual turnover of £290,403 with gross profit of £80,853. Full financial details are available after viewing.

BUSINESS RATES

The rateable value is £4,200. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies an excellent trading position in a busy residential area of Ilford. Our client has secured a strong repeat customer base and excellent reputation in this area. There is plenty of scope to develop the business further with the introduction of longer opening hours, a strong marketing drive, local offers, delivery service and an online presence. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Meat cutter

Mincer

3 x Meat display units

3 x Freezers

1 x Fridge (drinks)

Shelves

Stainless steel work tops

Electronic Till

2 Wooden block for cutting the meat
Trading hours:
Mon - Sat - 8am - 8pm Sun - 9am - 7pm
Tenure:
Leasehold
Location Details:
Ilford
Leasehold Term:
£442 Per Week
Listed by:
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