Halal Butchers In High Wycombe For Sale

Business description

Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Only business in High Wycombe which is HMC Certified.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £55,000 with a net profit of £24,000 (see financial summary below).
- A business with great potential which has not been exploited by the present owner.
- An easily run operation.
- Good loyal well trained staff.
- A niche concern with no competition.
- Business enjoys superb local reputation
- The concern provides halal meat and groceries.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Halal Butchers which has been established since 2010. The business has been in the hands of the current owner since 2010 and now wishes to sell due to moving into another business..

Services
This very good business opportunity provides halal meat and groceries.

Staffing
The concern employs 1 full-time and 1 part-time members of 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 local residents 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 including local and internet advertising.
• Increasing the opening hours to include later closing times.
• Increasing the product line to include dairy products and extend the grocery section.
• To secure catering and restaurant contracts supplying halal meat
• Becoming more efficient with staffing levels.
• 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, part of a parade of shops and is approximately 1000 square feet. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled with 2 aisles, 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 is a toilet, staff facilities and a fully equipped kitchen.

EXTERNAL
To the front is off road parking.
To the rear is a loading area.

EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £40,000.

FINANCIAL DETAILS
The present annual turnover is £55,000 and a net profit of £24,000. The wages are £17,000. The present value of the stock is £10,000.
The potential turnover of the business within the next 2 years is forecast to reach £120,000 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. Phoenix 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 Phoenix Business Agents Limited 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:

Leasehold

Lease terms:

The original length of the lease was 6 years with 6 years remaining. The rent is £12,000 pa with a review in 5 years. The lease may be renewable or negotiable for longer term if required. The rates are £985 pa.

Leasehold rent:

£12,000 pa per annum

Location:

- Situated in the High Wycombe area of Buckinghamshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- 3 schools lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 1000 square feet. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled with 2 aisles, 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 is a toilet, staff facilities and a fully equipped kitchen.

EXTERNAL
To the front is off road parking.
To the rear is a loading area.

Size in square feet:

1000 square feet

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 including local and internet advertising.
• Increasing the opening hours to include later closing times.
• Increasing the product line to include dairy products and extend the grocery section.
• To secure catering and restaurant contracts supplying halal meat
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.

Competition / Market:

There is no local competition.

Reasons for selling:

Owner wishes to sell due to moving into another business.

Trading hours:

Monday to Sunday: 8.00 am - 8.00 pm.

Employees:

The concern employs 1 full-time and 1 part-time members of staff.

Years established:

Established since 2010

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:

£40,000 (included in the asking price)

Inventory / Stock value:

£10,000