A progressive butchers located in Skegness, that has delivered a quality service for its community and consistent returns for its owners for many decades, is being marketed for sale.
Located within the coastal holiday town, the business leases a substantial premises that offers both a superior retail space and generous food preparation area. In additional to the owners, the business employs 14 staff members in a mixture of full-time and part-time roles.
The customer base is split commercial sales (c 65%) and domestic (shop) trade (c 35%), with significant repeat business from a loyal client base, many of whom have been supplied by the company for decades. Sales are consistent, with the commercial side supported by a robust local tourism sector and the domestic element by a demand for quality locally sourced meat and a resurgence in ‘scratch’ and BBQ / outdoor cooking. There would be further opportunity for growth through introducing local click and collect and delivery options, growing the wholesale business via a sales rep, pursuing outside catering opportunities etc.
The business generates consistent revenues of c £2M.
The guide price for 100% of the shares of the company is available within the detailed Information Memorandum and will include a debt free cash free balance sheet with net assets expected to be c £50k. The vendors will support reasonable handover requests but would then like to exit the business.
