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Located in the town of Eston, approx 12km from Middlesborough. Large, prominent premises with ground floor retail area and prep/storage rooms plus first floor currently used as storage but could be converted to residential, subject to necessary permissions. Well est. butchers business currently run from premises with annual t/over c.£270k, producing good income for working owner. Urgent sale required hence priced at value of premises only.
The business is located in the town of Eston which is approximately 12km from Middlesborough. It has a busy shopping area with numerous retail and service outlets supported by the local community.
Business and Premises
The business has been in the hands of the current owner for the last 63 years and has been trading as a Butcher from these premises since the late 1890's. It is well known throughout the local area and has long held a reputation for quality products, high standards of hygiene and excellent services to all customers. The business sells a wide range of meats and associated products, all prepared on the premises.
The premises are on a small parade with the retail and preparation rooms located on the ground floor. The retail area is well presented and is fitted with large display counter, butchers block and worktops, all typical of a business of this nature. The preparation rooms are to the rear of the retail space and contain various equipment including fridge, freezers, microwave, baking machinery and plenty of work surfaces. There is an additional work room separate from the main property and is accessed from the rear of the building.
The first floor is used mainly for additional storage space and could be developed into small living accommodation, subject to the necessary planning permission.
Accounts supplied by the owner show a turnover of £268,679 for the year ending September 2015, at a gross profit of 44%. The net profit available provides a reasonable income for the working owner.
The owner operates the business with the assistance of 5 part time members of staff.
Monday 8am to 1pm
Tuesday 9am to 1pm 2pm to 5pm
Wednesday 8am to 12.30pm
Thursday/Friday 8am to 5pm
Saturday 7.30am to 4pm
The business operates on an average stock level of £1000.
We are advised that the rateable value of the business is £3,800 with rates payable (including water) of £908 for the year 2014/15.
The business may qualify for Small Business Rate Relief and enquiries should be made via the local authority as to its eligibility.
NOTE: It is recommended that potential buyers make their own enquiries through the local authority to check whether the rateable value remains correct and whether the rates payable will be the figure quoted above.
This is a freehold opportunity.
In our opinion, this is a good opportunity to acquire freehold retail premises in a busy town location with the added benefit of an established, profitable business. It would ideally suit someone currently in the trade but the premises could be adapted for other business use.
If you wish to make an appointment to view this business please call the office on ----- ------.
Please do not approach the Vendor, or the staff, directly. Thank You.
BUSINESS PROTECTION FROM MISLEADING MARKETING REGULATIONS 2008 (BPRs)
Adams and Co have not tested any apparatus, equipment, fixtures and fittings, or services and so cannot verify they are in working order or fit for the purpose. Buyers are advised to obtain verification from their Solicitor or Surveyor. Purchasers must satisfy themselves as to their actual condition prior to purchase. References to the Tenure of a Property are based on information supplied to Adams and Co by the vendor. Adams and Co have not had sight of the title documents.
Buyers are advised to obtain verification from their solicitor. All measurements are approximate and intended for general guidance only and should therefore be considered to be 'nominal'. These particulars are printed for convenience only and although believed to be correct, accuracy is not guaranteed, nor does the description constitute an offer or a contract, nor does it form any part of a contract. These particulars are issued on the understanding that ALL NEGOTIATIONS are conducted through ADAMS and CO. In the event of a sale being concluded either directly or indirectly with the Vendor, the Purchasers may find themselves liable to legal proceedings.
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