Butchers In Broadstairs Kent For Sale

Business description

The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- 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 £104,000.00 pa with a net profit of £27,000.00 (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because of regeneration programme nearby .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.

History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving butchers with enormous potential which has been established since 1961.The business has been in the hands of the current owner since 1961 and he now wishes to sell due to retirement and health reasons.

Services
This very good business opportunity provides fresh meat, fruit and groceries

Staffing
The concern employs 1 staff who is full time. They are paid at the rate of £6.00 per hour. The total wage bill is £8,320.00 The owner is paid by way of dividend. All staff would stay on after a sale.





Owners Role
The owners’ role is managing and working in the business and works full time

Marketing
The owner does not market the business and does not have a website.

Competition
As far as competition is concerned there is very little

Market
The client base consists of local community and business persons

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 to include Mondays.
• Increasing the product line to include more variety of associated products.
• 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.

Property Details
The property is terraced and is part of a parade of shops and is approximately 80ft x 40 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 fully equipped kitchen.

Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £5,000.00

External
To the front there is parking.

Financial Details
The present turnover is £104,000.00 per annum with a gross profit of £56,000.00 and a net profit of £27,000.00.The wages are £8,320.00 The present value of the stock is £3,000.00
The potential turnover of the business within the next 2 years is forecast to reach £145,000.00 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

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 21 years with 3 years remaining. The rent is £3,600.00 pa with a review TBA. The lease may be renewable or negotiable for longer term if required. The rates are £0.

Leasehold rent:

£3,600 per annum

Location:

- Situated in Broadstairs area of Ramsgate in 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 and business persons.
- Area offers exceptional lifestyle.
- Good volumes of pedestrian flow.
- Commercially thriving area.
- Well linked with A256, A299, M2 and good railway links

Premises details:

The property is terraced and is part of a parade of shops and is approximately 80ft x 40 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 fully equipped kitchen

Size in square feet:

approximately 80ft x 40 ft

Business Operation

Expansion potential:

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 to include Mondays.
• Increasing the product line to include more variety of associated products.
• With the introduction of a website and e-commerce

Competition / Market:

As far as competition is concerned there is very little

Reasons for selling:

retirement and health reasons.

Trading hours:

Monday – Closed
Tuesday – Saturday – 0700 - 1630
Sunday - Closed

Employees:

The concern employs 1 staff who is full time. They are paid at the rate of £6.00 per hour. The total wage bill is £8,320.00 The owner is paid by way of dividend. All staff would stay on after a sale.

Years established:

1961

Other information

Support & training:

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.

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£3,000 (included in the asking price)