A well-established and successful butcher shop, in the most affluent area of Cambridge, with a 100-year trading history and a large number of regular customers. Annual turnover is approaching £400,000, and up to 500 customers pre-order their Christmas turkeys and meats every year.
The shop's trade benefits from being located next to a primary school and a local park, proximity to the city centre and the popular walk to Grantchester Meadows, which provide heavy footfall, as well as free parking bays and easy excess to M11 for customers coming to the shop from further afield.
The shop is very well-known in Cambridge and has a reputation for fantastic quality and service. It offers a wide selection of top quality, locally-sourced meat, poultry and game, as well as fresh fruit and vegetables, and other grocery food items. There is also a Deli counter serving home-made ham and Scotch eggs, freshly-made sandwiches, traditional pies and pasties, as well as coffee and croissants.
One of the things that Cousins Butchers is especially famous for is its award-winning steak pies, quiches and sausages, which are hand-made in the shop every day.
Cousins Steak Pies were awarded the Silver prize at the 'Best Steak Pie in England' competition in 2015, whilst Cousins Herby Sausages were the Gold medal winners at the 'Best Sausages in the UK' competition. Many customers regularly come to the shop specifically to buy these favourites.
The shop has strong online presence, with the website appearing at the top of Google search results, a 4.8 star Google Reviews rating, and over 1,200 followers of its Facebook page. Currently it doesn't offer online shopping facility, so it has the potential to grow sales.
Furthermore, there is a potential to convert the back of the shop area - currently underutilised - into a cafe with 10-12 covers, or alternatively, a kitchen to increase production of its popular steak pies or for preparation of ready-made meals and deli items.
The shop and the freehold have been owned by a local Cambridge family for over 10 years, who now wish to retire from business. They are looking to discuss the sale of the business with a 10-15 year lease agreement, with rent in the region of £1,850 per month.
Or alternatively they might consider selling the business with the freehold, which they also own, and are open to offers IRO £500,000 subject to valuation.
Based on the current turnover and profit, the business has been valued at £105,000. This price will include stock (approximate value £10,000), and all of the equipment, enabling the new owner to begin trading immediately without any interruption.
Equipment included in the selling price:
Two large glass-fronted serve-over counters (one deli and one meat)
Two large display fridges
Icecream display freezer
Large dry grocery shelving display unit
Large walk-in fridge (cold room)
Two chest freezers
Large shelving storage unit
Air-conditioning (recently fitted, still under warranty)
Knifes and cutting boards
Blackboards (wall-mounted and portable for outside use)
Coffee machine (on hire agreement - can be transferred to new owner)
Other - full list available on request