Prime Location Butchers/Bakery For Sale
- Asking Price: £299,950 +SAV
- Turnover: The business reports a fantastic turnover of £600,000 per annum with a gross profit of around 40%.
- Tenure: Freehold
Hilton Smythe is delighted to introduce to the market The Butcher. The business also offers a complementary bakery running along-side the butchers. Originally founded by our client nearly 30 years ago the business is very well known in the area and highly supported by local residents. The business reports a fantastic turnover of £600,000 per annum with a gross profit of around 40%. With the turnover approximately split 60%/40% Butchers/Bakery. The Butcher is very well presented and fully equipped to suit the trade. The business has a fantastic reputation for the quality of produce and value for money, offering fresh meats, cooked meats and in-house bakery produce. The high quality equipment is valued at around £75,000 making this an ideal walk in trading opportunity. Although clearly successful, we believe the business still has potential for growth. Certainly, the introduction of a website would be beneficial to further promote the business and even offer on-line sales and there is scope to further increase the commercial trade and deliveries in the area. The business is a fully staffed operation with a skilled workforce, allowing a new owner to concentrate on back of house preparations. Early viewing of this clearly sustainable business with an enviable reputation is highly recommended. With the business genuinely coming to the market as our client looks towards a well-deserved retirement.
The business is owner run and managed with the assistance of 6 members of staff.
The business opens:- Monday to Saturday 7.00am – 5.00pmSunday closed
The business is located in a heavily populated residential area within the seaside resort of Deal, Kent. The Butcher is situated at the end of a retail parade and facing a busy co-op, post office and public house ensuring constant footfall in the area. The business benefits from on street parking in the vicinity and a bus stop within walking distance. Deal is readily accessible from the A256 and boasts its own railway station. This former port town is now a busy holiday resort and lies around 8 miles from Dover and around the same distance from Ramsgate. According to the 2011 census the town is now home to circa 30,000 residents.
End parade premise briefly comprising:- Well-presented double fronted premise with eye catching traditional canopy and good signage. Retail area with glass counters. 1 side used to display range of meats the other the bakery range, Open chiller to rear used for drinks and sandwiches,Staff service includes meat slicer, 2 tills, storage shelving and coffee machine. To the rear is the meat preparation areaA full inventory can be supplied valued at circa £75,000. First floor3 storage roomsWalk in chillerStaff roomToilets The first floor was once used as flats and have potential to be converted back into accommodation, which could be let out to generate further income or for owners personal use.
We are advised freehold.