Well established Butcher’s Shop in a prime High Street, Village Location
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
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.
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.
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.
• 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
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
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.
None. A website is currently under construction.
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.
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.
Monday – Friday : 08:00 – 17:30
Saturday: 09:00 – 17:30
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.
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.
Genuine retirement sale.
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: firstname.lastname@example.org) telephone Head Office: 01895 256000
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