| (REF: 2406) Butchers, Broadstairs, Kent |
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| Seller Reference: |
2406 |
| B4S Reference: |
31424 |
| Asking Price: |
£45,000
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| Net Profit: |
£27,000 |
| Sales Revenue: |
£104,000 |
| Number of Staff: |
1 |
| Established For: |
40 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Ramsgate, Kent, United Kingdom |
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The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £104,000.00 pa with a net profit of £27,000.00 (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because of regeneration programme nearby .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
Services
This very good business opportunity provides fresh meat, fruit and groceries
Staffing
The concern employs 1 staff who is full time. They are paid at the rate of £6.00 per hour. The total wage bill is £8,320.00 The owner is paid by way of dividend. All staff would stay on after a sale.
Owners Role
The owners role is managing and working in the business and works full time
Marketing
The owner does not market the business and does not have a website.
Competition
As far as competition is concerned there is very little
Market
The client base consists of local community and business persons
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.
Increasing the opening hours to include Mondays.
Increasing the product line to include more variety of associated products.
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.
Property Details
The property is terraced and is part of a parade of shops and is approximately 80ft x 40 ft. The front is branded with an attractive glass front. The main customer service area is tiled with shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £5,000.00
External
To the front there is parking.
Financial Details
The present turnover is £104,000.00 per annum with a gross profit of £56,000.00 and a net profit of £27,000.00.The wages are £8,320.00 The present value of the stock is £3,000.00
The potential turnover of the business within the next 2 years is forecast to reach £145,000.00 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
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 21 years with 3 years remaining. The rent is £3,600.00 pa with a review TBA. The lease may be renewable or negotiable for longer term if required. The rates are £0. |
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Current Rent: |
3600 |
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Living Accommodation: |
No |
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Location: |
- Situated in Broadstairs area of Ramsgate in Kent.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by populated residential area with schools and other local amenities.
- Local population consists of local community and business persons.
- Area offers exceptional lifestyle.
- Good volumes of pedestrian flow.
- Commercially thriving area.
- Well linked with A256, A299, M2 and good railway links
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As far as competition is concerned there is very little
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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.
Increasing the opening hours to include Mondays.
Increasing the product line to include more variety of associated products.
With the introduction of a website and e-commerce.
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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. |
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retirement and health reasons |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday Closed
Tuesday Saturday 0700 - 1630
Sunday - Closed
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The concern employs 1 staff who is full time. They are paid at the rate of £6.00 per hour. The total wage bill is £8,320.00 The owner is paid by way of dividend. All staff would stay on after a sale |
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