Long Established Leasehold Butchers High Wycombe With Accommodation For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £90,000 pa with a net profit of £20,000 (see financial summary below).
- A business with great potential which has not been exploited because of the owners health issues.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides meat, poultry, fresh fruit & vegetables, condiments & preserves, eggs, bread and frozen fish.

History
We are delighted to place onto the market this Leasehold Butchers which has been established since circa 1950. The business has been in the hands of the current owner since 1987 and he now wishes to sell due to ill health.

Services
This very good business opportunity provides meat, poultry, fresh fruit & vegetables, condiments & preserves, eggs, bread and frozen fish.

Staffing
The concern employs two part-time staff. The wages are £4,160 pa.

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, high volumes of passing trade and a number of commercial contracts.

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.
• Developing more commercial contracts and delivery services.
• 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.


The present annual turnover is £100,000 with a net profit of £20,000. The wages are £4,160 pa. The present value of the stock is £3,000.
The potential turnover of the business within the next 2 years is forecast to reach £160,000 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 us the 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 current lease is a rolling agreement. The rent is £6,200 pa. The lease may be renewable or negotiable for longer term if required. The rates are £2,300 for the commercial and £1,120 pa council tax for the accommodation.

Leasehold rent:

£6200pa per annum

Living accommodation:

On the first floor there is a 2 bedroom flat with living room, kitchen and bathroom which is currently occupied and generates £7,800 in rental income per year. This living space could also be vacated and used as accommodation by the new owners.

Location:

- Situated in the Micklefield area of High Wycombe in Buckinghamshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a 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.
- Well linked with the A40, A404, A4010 and M40.
- Amersham, Marlow, Beaconsfield and Gerrards Cross all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
- Totteridge and Tylers Green housing estates lie close by.

Premises details:

The property is terraced, part of a parade of shops and is approximately 300 sq ft. The front is branded with an attractive glass front. The main customer service area is tiled with shelving 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 fitted kitchen.

Size in square feet:

300sq 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.
• Developing more commercial contracts and delivery services.
• 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:

wishes to sell due to ill health.

Trading hours:

Monday to Friday 7.30am - 5.30pm (Half day closing at 1pm on Wednesday)
Saturday 7.30am – 3.00pm
Sunday Closed

Employees:

The concern employs two part-time staff. The wages are £4,160 pa.

Years established:

61years

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:

£3,000