Highly Respected Butcher in Buckinghamshire

Newport Pagnell, Buckinghamshire

REF: S07879

Asking Price:
£199,000

Annual Turnover:
£666,000

Annual Net Profit:
£162,884

Recently Sold

REF: S07879

Photo of Highly Respected Butcher in Buckinghamshire

Overview

Tenure:
Leasehold

Established:
1991

Excellent Reputation
Huge growth potential
Well Equipped Business
Friendly & Professional Team
Wide Variety of Products & Services

Intelligent is pleased to provide the chance to acquire a well-established butcher shop in Buckinghamshire.

GJ Douglas is a traditional-style butcher shop in the welcoming town of Newport Pagnell. It is proud to offer high-quality meat sourced from local farmers who provide the highest welfare standards, alongside a fantastic range of deli products.

The shop is extremely well-known and highly regarded amongst the local community, having been established in the town since 1991. The business’s wonderful reputation comes as a result of the owner’s friendly service and the consistently superior quality of all products sold, as well as the convenience of ordering local produce online.

The butcher is ideally positioned in the town centre and surrounded by many other businesses. It was benefitted from continuous growth despite the ongoing Covid-19 pandemic. For example, its most recent annual figures show £666k in turnover with a 47.6% gross profit and an exquisite net profit at £162k, whereas in 2019 the figures were £516k in turnover, 44% gross profit and £68k net profit.

GJ Douglas currently operates from a British high street shop in Newport Pagnell, a fantastic location with high footfall. The property is presently rented to the business with a 5-year lease which is due to expire in 2023. The company has an outstanding team of 4 full-time staff, which will soon be reduced to 3 in June due to the upcoming retirement of one member.

A comprehensive list of butcher equipment is included in the asking price, arming the buyer with the tools they need to successfully commence trading. A full inventory is available on request. Additionally, the buyer will benefit from taking on the company’s excellent Facebook page which features a regular stream of great content and a loyal following of more than 1,400 who actively engage with the business’s posts. Furthermore, the vendor is willing to offer the buyer a transitional period to ensure a smooth handover of business operations.

The ideal buyer for this business is already a trained, experienced butcher who is now wanting to branch out on their own by running a successful shop. Similarly, it would be a fantastic acquisition for an established butcher shop which wants to use GJ Douglas as a method of expansion.

To grow the business further, the new owner should design and construct a website from which to advertise products and potentially allow customers to place orders. Additionally, it would be beneficial to build upon the business’s Facebook profile to develop a stronger social media presence, potentially expanding onto other relevant platforms. This will enable GJ Douglas to increase its awareness amongst its target audience and consequent orders. Combining this will a website/online store will allow the business to work at an even higher capacity.