Butchers In Herne Bay Kent For Sale

Business description

The particular highlights of the business are:
- 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 £167,380 pa with a net profit of £48,257. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner wishes to retire. .
- An easily run operation.
- A good first time buyers business.

History
Agents are delighted to place onto the market thriving busy butchers which has been established since1973. The business has been in the hands of the current owner since 1973 and he now wishes to sell due to retirement.

Services
This very good business opportunity provides various types of fresh meat

Staffing
The concern employs 1 staff who is full time. The total wage bill is £12,400.00.

Owners Role
The owners’ role is managing and working the concern and he works full time.

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

Competition
As far as competition is concerned they are no threat to his business

Market
The client base consists of mainly of local and business persons, but does have tourists every now and again

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 fish, other meats and groceries
• With the introduction of a website and e-commerce.

Property Details
The property is terraced and is part of a parade of shops and is approximately 50ft x 30 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 kitchen.

Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £20,000.00

First Floor
On the first floor there is a split level 2 bed roomed flat which is currently let with an income of £500 per month.

External
To the front there is metered parking
To the rear entrance /exit to the flat above

Financial Details
The present turnover is £167,380 per annum with a gross profit of £69,841 and a net profit of £48,257. The wages are £12,400. The present value of the stock is £2,000.00
The potential turnover of the business within the next 2 years is forecast to reach £180,257 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 we 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.We will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business

Property information

Property:

Freehold

Living accommodation:

On the first floor there is a split level 2 bed roomed flat which is currently let with an income of £500 per month.

Location:

- Situated in Herne Bay area of 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, business persons and tourists.
- Area offers exceptional lifestyle.
- Very good trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A299, A291 and good railway links.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 50ft x 30 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 kitchen

Size in square feet:

50ft x 30 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 product line to include fish, other meats and groceries
• With the introduction of a website and e-commerce

Competition / Market:

As far as competition is concerned they are no threat to his business

Reasons for selling:

due to retirement

Trading hours:

Monday to Friday – 0800 - 1700
Saturday - 0800 - 1700
Sunday - Closed

Employees:

The concern employs 1 staff who is full time. The total wage bill is £12,400.00.

Years established:

established since 1973

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:

£20,000 (included in the asking price)