Retail premises for sale in Basildon, Essex SS14

£170,000
Retail premises for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Excellent location and reputation for quality
  • Income c. £675,000 per annum with high gp
  • Loyal and regular customer base / Genuine growth potential
  • Retirement sale / Viewing advised

Property description

Reference - 47384

Description
An exciting opportunity to acquire this well established, well renowned traditional butchers which whilst only been under the current ownership since 2016 we have been advised that the business has operated from the same spot since the 1950’s. The business occupies an excellent trading position on the outskirts of a major Essex town close to the A130.

The business is well renowned and has an excellent reputation not only locally but also further afield for its free range and organic meats with the majority sourced locally from various meat traders and farms. All 15/20 of the sausage ranges, burgers and kebabs are hand made on site using traditional methods and modern time saving machinery.

The shop is traditional in design when entering from the street and occupies a prime parade location amongst other independent retailers. There is also heavy footfall throughout the day from local residents along with those commuting to and from the town.

The shop is presented in good condition throughout and we have been advised it was re-wired in 2016 when our client took ownership. Under the current ownership the business has seen a significant increase in income over the last couple of years and has built a loyal customer base which continues to grow by way of word of mouth.

In our opinion however, the business still offers genuine growth for any new owner who could expand upon the outside catering and delivery service plus to supply to the hotels, pubs and many restaurants in the local vicinity.

Accounts
Figures supplied show an income in the region of £675,000 between January to December 2018 with adjusted profits for the same period of c. £87,000. Current records and accounts can be inspected after viewing.

Trading Hours
Summer trading hours:
Monday – Saturday 07:00 to 16:30
Winter trading hours:
Monday – Saturday 07:30 to 16:00
Sunday - Closed

Staff
Managed by the owner along with one full time member of staff and one part time for weekends and deliveries.

Building External
The business operates from the ground floor of a mid terraced property on a parade location which benefits from ample free parking. The business has good roadside signage and occupies a trading position amongst other independent retailers.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Building Internal
The shop provides a light and airy, welcoming feel when entering from the street and benefits from an open plan trading area with l-shape bespoke glass fronted chillers along with additional displays.

Large storage and prep areas to the rear of the shop with a comprehensive range of well maintained equipment which is included within the sale price, walk in chiller and chest freezers.

Tenure
The property is held on a 12 year lease which commenced in 2016. Rent is £tbc per annum with rent reviews every 5 years. (correct as advised on 08.08.19).

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
An exciting opportunity to acquire this well established butchers which has an excellent reputation for quality produce not only locally but also further afield.

The business has a strong and regular client base which continues to grow and would therefore ideally suit a hands on owner to maximise profits. Viewing highly recommended.

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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