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Wholesale and Retail Butchers with Well Stocked Deli

Kensington And Chelsea, London
Status
FOR SALE
Advert ID
256669
Reference
B05846 / Rightbiz
Leasehold Price: £99,950
Annual Turnover: £509,180
Business
Please Quote Reference B05846

Hilton Smythe are privileged to offer to the market City Meats, a renowned butchers & deli business established over 30 years ago.

The business is now being offered for sale with full handover from our client who is now selling due to his wish to retire.

The business is one of very few on the Kings Road which is owned by the local council which ensure long lease terms with very low rents in comparison to the many private landlords owning property on the street.

The business offers endless goodwill, from both walk in customers as well approximately 10 wholesale customers attracted by the array of English, Spanish & Italian products. The choice of goods is endless and includes -

  • Traditional butchers - meats sourced from Scotland and Smithfield market in London
  • Cooked meats, chorizo, prosciutto, salami, hams chicken
  • Freshly cooked prepared meals, lasagnes, stews & pasta
  • Olive oils, fruit & veg, sauces, herbs, chutneys, soups & pulses
  • Large choice of pastas, breads & cheeses from around the world
  • Biscotti, panettone, baci, chocolates & pastries
We are advised the sales mix is derived 60% from walk in customers and 40% wholesale customers.

Our client also undertakes certain high end catering requests for parties and gatherings.

The deli attracts both local and central London people looking for authentic and freshness not available in High street supermarkets.

Wholesale clients include local schools and colleges, European restaurants and clubs.

The business comes with a 5 star hygiene rating.

Our client admits he runs the business to suit and turns down many requests for more wholesale customers.  Any new owner would benefit from adding any of the following actions to help further boost the excellent turnover in place -

  • New website, social media presence and instagram
  • Online ordering facility with monthly, seasonal and gift ideas
  • Adding a choice of commentary wines, liqueurs and spirits
  • Increasing the food to go menu, including more ready meal ideas as well lunchtime snacks, sandwiches & salads
  • Increasing the outside catering menu for parties, weddings & celebrations
Very rarely do unique businesses of this type ever come onto the open market in this area and we therefore recommend early viewing to avoid disappointment.



Location
The City Meat Butchers & Deli occupies a highly sought after trading position along the Kings Road in Chelsea, London.

The renowned business sits along a busy parade of community driven shops which include several cafes & bistros, Newsagents, hairdressers, spa, bike shop, kitchen design shop and public house.

The Kings Road is a major retail street stretching through Chelsea and Fulham, both in West London. The road is associated with the 1960’s movement for fashion and interior design with well known fashion figures such as Mary Quant and Vivienne Westwood.

Today, the street offers a choice of both independent retailers, galleries and eateries as well as top end brands such as Peter Jones.

The business benefits from pay and display parking directly outside.

The nearest underground station is Parsons Green.



Premises
Ground floor -

3 x large glass fronted service chillers

3 x wall mounted solid wood display shelves

4 x central wooden display gondoliers

8 x wall mounted display bays

Array of ceiling mounted display hooks

2 x single glass fronted display fridges

Office area & work table

Walk in chiller

Service counter area includes - 2 x scales, till & card machine, meat slicer, glass topped freezer, 3 x butchers blocks

Lower Ground Floor -

2 x chest freezers

Walk in chiller

Walk in chiller

Service counter area includes - 2 x scales, till & card machine, meat slicer, glass topped freezer, 3 x butchers blocks

Lower Ground Floor -

2 x chest freezers



Tenure
We are advised the business is being sold as a Leasehold with 7 years remaining in a 10 year renewable lease paying just £26,000 per year, current business rates stand at £12,000 payable per year.



Hours
MONDAY - SATURDAY - 9am to 6pm

SUNDAY - closed (opportunity to increase sales by opening Sunday’s)



Staff
The business is run and managed by our client with 4 other members of full time staff.



Financial Profile
As of the 2019 accounts the business generated a turnover of £509,180, gross profit of £144,479 and adjusted net profit of approximately £26,000.

This could further be improved by implementing a slight price increase as well reducing current labour costs.

For Further Information please contact Hilton Smythe quoting reference B05846



Listing Details
Location: Kensington And Chelsea, London
Sector: Butchers, Delicatessens
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Advert Reference: B05846 / Rightbiz

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