Market Stalls for sale in Bury

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Adam Warren (Jan 2017)
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Leasehold Price: £46,000 Price Reduced Annual Turnover: £134,874 Annual Gross Profit: £61,553 Annual Net Profit: £21,600
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Business Description
Open 3 Days A Week - Scope For 6 Days
Positioned Within Bury Market
Substantial Investment in Equipment
Close To Bury Town Centre
Annual Turnover £134,874(Audited)
Gross Profit £61,553(Audited)
Scope For Reintroduction of Deliveries
Parking Available Close By
Low Rent For Two Market Units
Demand For Hot Food Takeaway
Prime Trading Position Next To Fresh Fish & Meat Hall
EPC - D
REF 6391 – Leasehold Meat Retailer & Sandwich Bar

Blacks Brokers are pleased to bring to the market this leasehold meat retailer and sandwich bar located within the world famous Bury Market, Lancashire.

INTRODUCTION

Bury Home Cooked Meats has been trading within Bury Market since 2009. Our client established the business after seeing a gap in the market for a quality, local cooked meat supplier. The business has become an integral and well known part of the market and has a good base of regular customers. The market also brings plenty of visitors to the area and regular coach trips come to the market. Our client has created excellent working relationships with customers and other market stall holders. The business is able 6 days a week but due to personal choice our client only trade 3 days to match the opening hours of the out door market place.

LOCATION

Bury Market won Market Of The Year in 2015 and brings plenty of custom all year round. Positioned within Bury town centre, the area is filled with local shops, businesses and large multiples including Asda, Pets At Home, Matalan and many more. Bury is well linked by the M66, M62 and M60, there are a number of large car parks close to the market and public transport links are excellent – there is a large bus station and tram station nearby.


Hundreds of thousands of satisfied shoppers visit the leading Market in the North West every week. Bury Market oozes charisma and atmosphere, and has for over five hundred years. The range of products and facilities is second to none. Bury Market is a very large traditional market in a modern setting. It's a unique shopping experience and great day out for Individuals and Groups. It is the biggest and best market in the North West.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator, however after nine years within this business, our client is looking for a new challenge and therefore, the business is offered for sale. It presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The business occupies two units. The units are 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 a rolling lease running at a combined cost of £300 per week.

BUILDING LAYOUT AND DESIGN

Bury Home Cooked Meats operates from two large market stall units as mentioned above. The business has large, traditional signage displayed above the servery area. The servery is made up of four large refrigerated display counters. To the rear is a preparation area fitted with Rotisserie Euro Grill, commercial fridges and freezers, electronic tills with scales, stainless steel worktops, vacuum packer, meat slicer and much more.

STAFF

The business is currently operating with our client and partner in full time employment supported by four members of staff. The staff are long standing and experienced, they have built strong relationships with regular customers and can bring continuity of service for a new owner.

FINANCIAL DETAILS

Bury Home Cooked Meats has traded solidly since opening. We are advised that the business currently has annual turnover of £134,874 with gross profit of £61,553. Full financial details are available upon viewing.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is very well established and has a good reputation and customer base. There is plenty of scope to develop the business further with the introduction of new opening hours and days, additional hot meat counters to potentially cater for takeaway lunches and a strong marketing drive. The business may also benefit from the introduction of wholesale offers and a delivery service for the local area, this is done locally with raw meats and is popular. 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:
Euro Grill (Rotisserie)

4 Refrigerated Display Counters

2 Commercial Double Fridges

2 Tills With Scales

Turbo Vac Vacuum Packers,br>
Stainless Steel Worktops

Williams Blast Chiller (Fridge/Freezer)

Meat Slicer

Microwave

Multi Dec

2 Ham Boilers

Trays
Trading Hours:
MON & TUE: CLOSED
WED: 06:00 - 17:00
THU: CLOSED
FRI & SAT: 06:00 - 17:00
SUN: CLOSED

Tenure: Leasehold

Location Details: Bury

Leasehold Term: Rent: £300 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6391
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