Freehold Or Leasehold Food Retailer Wholesaler & Manufacturer For Sale

Business description

Advent Business Sales are delighted to offer to the market this very highly profitable business opportunity, as such rarely present themselves.

The working husband and wife team have now decided to retire after establishing the business 29 years earlier.

Our client is extremely well known within Nottingham and benefits from a loyal and highly frequent customer base.

The business is involved mainly in the retail of meat and food products with an emphasis on Polish products. Our client also imports and wholesales at the same time and manufacturers some items.

The sale includes 2 sites. The first is the main site and the second a retail deli headed by a manager.

Our client retails a vast array of deli products including:
• Hams
• Meats
• Continental sausages
• Garlic sausages
• Smoked bacon and cabanas (they make these on site)
• Polish style black pudding (highly popular)

They also import a very wide range and variety of food products.

The £800,000 annual sales are derived mainly from retail sales (approx 85%). The balance is derived from wholesale/trade customers who all pay within 7 days. Hence cash flow is extremely strong.

A husband and wife team, 2 full time – one of which is a manager who runs the deli and 2 part timers, staffs the business.

Stock at value is approx £10 - £15,000

THE BUSINESS IS AVAILABLE LEASEHOLD FOR £350,000+SAV
Our client is also EEC approved.
REF: 9213NG

FINANCIAL INFORMATION:
We have in our possession accounting figures for 2007 and 2006. They show the following information:

2007 2006
Sales ex VAT 854,773 801,978
Gross profit 279,170 248,570
Net profit 154,498 134,719
Director’s remuneration 4,800 4,800
Depreciation 18,683 19,977
Adjusted net profit 181,161 159,496

Debtors and creditors balance is negligible. The asset value consisting of plant and machinery, motor vehicles and computer equipment has a value of £40,402 as at September 2007.

The rental income of £310 per week is not within the accounting information. It is declared under the director’s personal tax returns.

Accounts will be made available to interested parties after a viewing has taken place.

Please let us know if you require finance for the purchase of a business.

Property information

Property:

Freehold

Location:

Our client has 2 retail outlets; both are located in a very busy and thriving area on a main road through Nottingham. The immediate area consists of a vast array of independent retailers surrounded by a very highly densely populated residential area, consisting of mainly terraced villa dwellings. Both roads have vast numbers of both passing trade, both pedestrian and vehicular.

Nottingham is a thriving and buoyant city at the heart of the East Midlands. The city has an ever increasing university. It is a city that is highly favourable in which people work, live and play. The area is accessed by junction 26 on the M1 motorway.

Premises details:

BUSINESS PREMISES:
There are 2 sites. The first site briefly comprises of:

Ground Floor
• Retail deli
• Further retail area
• Rear office
• Rear manufacturing/cold room area

First Floor
• 2 flats currently let at £220 per week

Second Site:
• Retail deli
• Rear workshop currently let at £20 per week
• First floor – 2 bed flat let at £90 per week

The owners are prepared to conduct a full detailed hand over period if necessary.

The sale is being offered on both a freehold and leasehold basis.

The freehold sale is approximately £1.25 million plus SAV, whilst the leasehold is being offered at £350,000 plus SAV with an annual rental payable f £52,000 per annum and does not include the rent from the flats.

We recommend viewing at the earliest opportunity as lucrative opportunities rarely present themselves to the market.

Business Operation

Trading hours:

Main site:
Mon-Sat: 9.00am – 6.00pm
Retail Deli:
Mon – Fri: 9.00am – 5.00pm

Employees:

A husband and wife team, 2 full time – one of which is a manager who runs the deli and 2 part timers, staffs the business.

Other information

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