Property Information
Address:
Nottingham, Nottinghamshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH510300
Property Ref/Agent: 12301-well-know-multi-facet-butchers-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market David Hughes Butchers. We are aware the business was first established in the 1980's. Over the years the business has built up a healthy amount of repeat loyal custom.
Our client first took over the shop in 2005 but is now reluctantly selling the business due to the desire to take a well-deserved retirement. The owner has worked hard to run this profitable butchers to its full potential.
The business is well-known in the area for its great tasting and high quality products. This is a family butchers that offers quality meat and also runs as a delicatessen selling hand-made pies and pastries. They also offer a tasty range of baguettes which are great sellers.
The business generates a healthy income from the sale of its products. We are advised the current turnover for the business is around 160,000 per annum with a gross profit of 51% as of the 2016 accounts. The business has a large fully equipped bakery to the rear. We feel the bakery side of the business should be expanded further in order to boost this already fantastic turnover. Outside catering and deliveries would also be a great arm of the business to look into.
Above the store is a self-contained flat which has three bedrooms. This would be perfect as a rental opportunity; producing a further income. The flat could also be used as an owner's accommodation if the purchaser was willing to relocate to the area.
This is a perfect business for an experienced new owner. Hilton Smythe highly advise early viewing to any purchaser looking to buy a business in this trade.TENUREWe are advised the business is Leasehold.
Original lease length: 10 years
Left on the lease as of April 2016: 2 years
Review period: 5 years
Rent: 2,025
per quarterHOURSThe business is open-
Monday: 7am - 4:15pm
Tuesday: 7am - 4:15pm
Wednesday: 7am - 2pm
Thursday: 7am - 4:15pm
Friday: 7am - 4:15pm
Saturday: 7am - 1:30pm
Sunday: ClosedSTAFFThe business is run and managed by our client with the help of 1 full time and 2 part time members of staff.FINANCIAL PROFILEThe business generates a turnover in the region of 160,000 per annum as of the 2016 accounts.
With a gross profit of around 51%
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