Freehold Traditional Family Butchers 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.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £288000 with a net profit of £29000. (See financial summary below).
- A business with great potential which has not been exploited because the present owner is looking to semi retire.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides traditional butches and delicatessen foods.

History
Agents are delighted to place onto the market butchers which has been established since 1910. The business has been in the hands of the current owner since 2007 and 2011who now wishes to sell to move into semi retirement to spend more time with his family.

Services
This very good business opportunity provides traditional butches and delicatessen foods.

Staffing
The concern employs 1 full time staff.

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
There is no local competition.

Market
The client base consists of locals and passing trade.

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 late evenings and Saturday afternoons.
• To offer a home delivery service.
• Introduce outside catering and supplying local pubs and restaurants.
• With an enhanced website.

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 £288000 with a gross profit of £86000.and a net profit of £29500. The wages are £18000. The present value of the stock is £35000.
The potential turnover of the business within the next 2 years is forecast to reach £417000 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. We 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 us 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.

Property information

Property:

Freehold

Location:

- Situated in the Village of Boxford in Babergh District of Suffolk.
- Boxford is a large village and a civil parish . Located around six miles east of Sudbury straddling the River Box
- Prominent location in the centre of this picturesque village
- Excellent parking facilities outside the front of the shop.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced and is part of a parade Grade 11 listed buildings and is approximately 50ft x 25 ft. The front is branded with an attractive glass front. The main customer service area is tiled with 2 counter service points.

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.

FIRST FLOOR
On the first floor there is one large room currently used for extra storage.

EXTERNAL
To the front there is high street parking.
To the rear is a small yard and walk in freezer.

Size in square feet:

50ft x 25ft

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 late evenings and Saturday afternoons.
• To offer a home delivery service.
• Introduce outside catering and supplying local pubs and restaurants.
• With an enhanced website.

Competition / Market:

There is no local competition.

Reasons for selling:

wishes to sell to move into semi retirement to spend more time with his family.

Trading hours:

Monday 7.30-1.00
Tuesday to Friday 7.30-5.30
Saturday 7.30-1.00
Sunday Closed all day

Employees:

1

Years established:

101yrs

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:

£17,000 (included in the asking price)

Inventory / Stock value:

£35,000 (included in the asking price)