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Butcher Shop In Cambridge Trading For 100 Years For Sale

Cambridge, Cambridgeshire, UK
Asking Price:
£105,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£400,000
Net Profit:
Under £50K

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
Display freezer
Icecream display freezer
Large dry grocery shelving display unit
Large walk-in fridge (cold room)
Two chest freezers
Upright freezer
Large shelving storage unit
Vacuum packer
Oven
Slow cookers
Air-conditioning (recently fitted, still under warranty)
Digital scales
Knifes and cutting boards
Display trays
Blackboards (wall-mounted and portable for outside use)
Microwave
Coffee machine (on hire agreement - can be transferred to new owner)
Other - full list available on request

Property Information

Property:

Leasehold

Lease Terms:

The current owners also own the freehold and are happy to create a 10-15 year lease agreement on change of ownership with the rent in the region of £1,850 per month.
The current owners are also open to offers to include the freehold in the sale of the business. Offers in the region of £500,000 would be considered for the lot, subject to valuation.

Leasehold Rent:

£22,000 per annum

Location:

36 Grantchester Street Cambridge CB3 9HY

Located in the most affluent part of Cambridge, Newnham, the shop is ideally situated both for local trade, passing trade (school, park, 15-munite walk to Cambridge city centre, and the walk to Grantchester Meadows) and customers from the nearby villages (easy access from M11).

Strong presence and visibility online (top of Google search results, 4.8 star Google Reviews rating, 1200 Facebook subscribers)

Premises Details:

The shop is a single story building on the busy corner of Newnham (the most affluent area of Cambridge.
The front half of the building is the shop trading area. The middle is the walk-in fridge / cold room. The back half of the building is under-utilised and is used for storage. The WC is located there.

Business Operation

Expansion Potential:

Trading hours could be extended to increase trade with working customers (currently close at 4pm missing out on this trade)

The back half of the building is underutilised and could be converted into a kitchen for production of deli or ready-meals, or a cafe which could accommodate 10-12 covers.

The shop has strong online presence and following but does not currently offer an online shop facility.

Competition / Market:

There are just a handful of butchers remaining in the whole of Cambridge.
The local Coop has a very basic meat offering.

Reasons for selling:

Current owners are looking to retire from business.

Trading hours:

Mon-Sat
07:00 - 16:00

Employees:
4
Years established:
100

Other Information

Support & training:

The shop is actively trading, and all the equipment and stock is included in the selling price, so the new owner can start trading immediately, without any interruption.
The staff are in place.

Furniture / Fixtures value:
£18,000 - included in the asking price
Inventory / Stock value:
£10,000 - included in the asking price