Leasehold Butchers For Sale

Business description

Advent Business Sales have been instructed to offer for sale this extremely well established butcher which has been trading successfully and profitably for well over 64 years.

The vendor has now decided to retire which has created a splendid opportunity to purchase a business which benefits from a monopolistic trading position.

The vendor has two butcher’s shops with the other being a freehold in a tourist town some 4 miles away.

The business can be purchased together or separately. The freehold has an asking price of £260,000 + SAV.

The leasehold is on the market at £82,500.

It must be noted that the owner was averaging £15,000 per week combined weekly takings until about two years ago. At this time the vendor was taken ill and he reduced his hours significantly and employed a full time manager.

The vendor has indicated that a new hands-on owner would increase both sales and profitability significantly.

ref:8551LN

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
LEASE: 10 years
TERM REMAINING: 2 years
REVIEW EVERY: 3 years
RENT: £9,600 per annum

We are advised that the annual business rates are currently: TBC

Living accommodation:

PREMISES: The premises briefly consist of: Ground Floor: - Large retail premises - Large prep areas - Large storage areas to rear - Good car parking facilities to rear First Floor - 2 – 3 bed flat currently let at £400 per month

Location:

Our client is well position in the centre of a Lincolnshire town.

The main car park for the town is located opposite the business, which provides a healthy level of both passing and regular trade.

The business has its own car parking facilities to the rear.

Other information

Trading hours:

Mon/Wed: 7.30am - 4.00pm,Tue/Thur-Sat: 7.30am - 5.30pm

Financing available:

Please let us know if you require finance for the purchase of a business.

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