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Well established Butcher’s Shop in a prime High Street, Village Location

Ref. AC356

Location : South Hertfordshire

Asking Price : £180,000

Turnover : £288,000

Net Profit : Undeclared

Gross Profit : £123,000

EBITDA : £67,000

Net Asset : £145,000

Premises : Freehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Asking Price: OIRO £180,000 + Net Assets

Average last 3 years’ Turnover c£288,000*
Average last 3 years’ Gross Profit c£123,000
Average last 3 years’ EBIT before Directors costs c£67,000
Current Net assets c£145,000

*Last three years being 2014, 2015 and 2016. Year end is 31st December, management accounts available

Freehold Premises available by negotiation

Business Profile

Extremely well established Butcher’s shop, owned and managed by the present owner since 1981. The business is in a prime high street location, being one of the main thouroughfares in this busy and popular South Herts Village and well positioned among other successful retailers with established clientelle. The close proximity to the London Commuter community of residents and other dense residential suburbs provides an excellent, affluent and willing customer base.

Well known in the locale for the wide selection of meat, pies and groceries, the shop retails a unique selection of products from across the region that are not readily available in the supermarkets or larger retailers; and has also very successfully diversified into the production of home-made, frozen ready meals which have proven to be extremely popular with customers.

The real power and energy of the shop comes from the attentive and courteous service provided by the staff and the high levels of customer service and satisfaction they generate.

Not surprisingly, the shop enjoys a good level of patronage – including regular and frequent repeat custom that now extends to four generations of same family customers. It is not unusual to see three of these generations in the shop at any one time!

The target market for the shop is very much the local and often affluent residents of this busy area of South Hertfordshire

The shop is further supported by a website though this is currently under construction.

This opportunity is an ideal business for anyone looking to engage with the retail butcher’s sector or for someone already in the sector looking for a strongly performing, additional outlet to bolt on to their existing business activities.

Equipment:

The shop has all the equipment normally associated with a business operating in this sector.

Other equipment and fittings include, cool display serveover counter with refrigerated storage section, refridgerated display cabinet, 1 freezer display, 1 electronic scales, 1 butchers block, 2 walk-in refrigerated store rooms: one shelved and one for hanging.

Customer Service:

This Butcher’s shop is renowned for its customer service, paying attention to customer’s requirements and offering many complementary products. Nothing is too much trouble and this effort is responsible for much return custom.

Key Strengths:

• Strong and consistent trading over many years
• Outstanding location with controlled overheads
• Good supply chain
• Excellent reputation
• Quality products
• Freehold premises
• Only Butcher in the Village

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Average last 3 years’ Turnover c£288,000*
Average last 3 years’ Gross Profit c£123,000
Average last 3 years’ EBIT before Directors costs c£67,000
Current Net assets c£145,000

*Last three years being 2014, 2015 and 2016. Year end is 31st December, management accounts available

Asking Price:

Offers are invited in the region of £180,000 + net assets (not including the Freehold) for 100% of the ownership of the business on completion (calculated on a zero cash-zero debt basis).

There will be a £ for £ adjustment to the final sale price to reflect any upward/downward movement away from the circa £145,000 target net asset price.

Advertising and Marketing:

None. A website is currently under construction.

Growth and Expansion:

The business has maintained good, consistent and profitable trading through its lifetime but for a new owner with other ambitions and with further marketing for both the shop and website, the business could grow delivery and commercial trading for greater returns.

Premises:

The period, double fronted premises are Freehold and believed to be of value circa £240,000 - £260,000. The square footage is circa 500 sq. ft. and includes a shop floor, butchery area, food prep area, cooking area and 2 walk-in storage refridgerators. Parking spaces and rear access.

A lease could be available by negotiation.

Business Hours:

Monday – Friday : 08:00 – 17:30
Saturday: 09:00 – 17:30
Sunday: Closed

Employees:

The vendor is ably supported by three key staff, including 1x butcher, 1x butcher also cook & food prep for complementaries and 1x butcher who also does food prep.

Support and Training:

Owner would be happy to stay and hand over for a negotiated period of time.
The owners are happy to provide training for an agreed handover period.

Reason for Sale:

Genuine retirement sale.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

All enquiries or requests for additional information should be submitted or directed to Rupert Cattell at Turner Butler (e-mail: rpc@turnerbutler.co.uk) telephone Head Office: 01895 256000

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk