Long Established and Profitable Family Butchers

Halstead, Essex
REF: 01623

Asking Price:
£60,000
Annual Turnover:
£260,000
Annual Net Profit:
£20,000
Featured
Recently Sold
REF: 01623
Photo of Long Established and Profitable Family Butchers
Photo of Long Established and Profitable Family Butchers
Photo of Long Established and Profitable Family Butchers
Photo of Long Established and Profitable Family Butchers

Overview

Tenure:
Leasehold
Established:
1975
  • Excellent Historic Accounts
  • Established 1975
  • Popular And Desirable Location
  • Well Appointed & Fitted Premises
  • Main High Street Position

This is a superb long standing, well established, and profitable family butchers shop located in the main trading street of an affluent Essex town. Built up over 4 decades, this leasehold opportunity has a solid historic trade, and is locally renowned and respected.

This is a traditional family butchers shop with a major local passing and repeat custom that has stood the test of time and seen other operators come and go.

With a prominent visibility from the main high street, this is a well appointed and tastefully presented butchers shop, accessed directly from pavement level with a large front window elevation.

On entering the premises you are greeted by a well maintained retail space which briefly comprises fresh and chilled cabinets with over serve and weighing areas, stainless steel window chiller display, display dressers, and presentation shelving.

Throughout the property is a clinical feel with fully tiled floors and walls, complete with meat hangers.

To the rear of the shop is a large preparation and hygiene area with plenty of storage, stainless steel ancillary areas, and large walk-in meat chilling unit.

To one side of the property is a further secure and covered outdoor storage and dry store area with rear access to yard, outdoor staff area, and toilet beyond.

Intelligent business transfer are delighted to offer this leasehold opportunity, for sale due only to retirement age.

Having built up an incredible local reputation and clientele over 40 years, the business already benefits from a healthy set of historic trading accounts. The premises has been a butchers shop since 1975, and our client has worked in the business for many years prior to his own purchase.

Recent turnover shows an annual sales income of £260,000 with a gross profit of 60% and adjusted net profits of £65,000. With a very attractive private landlord rent of £10,500 per annum, there is room for a new ‘young blood’ operator or partnership to push and increase the trade.

Further outside regular meat supply contracts could be added, along with some outside catering. The business is approved by Essex County Council to provide meat to local schools - currently the business serves 5 primary schools within a radius of 8 miles. Also the business does serve 9 residential care establishments - care of the elderly and learning disability placements within a radius of 8 miles. The business also serves 4 pub/cafes within a 12 mile radius

Currently performing well and driven by a good mix of local and passing trade, the business benefits much repeat custom based on independent quality, bespoke cuts, and value for money. Average spend per head is around £10, with a varied offering of traditional butchers fayre, pies, bespoke cut meats, and delicatessen items.

A truly profitable ‘gem’ of a business waiting to be continued on to the next level, where the addition of a modern website would also be of great benefit.

Location

Property

Annual Rent
£105,000
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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