Featured Brokers
CONFIDENTIAL SALE
FOR SALE
08/01/24
604678
smsb/MEAT2 / Rightbiz
With the owners now beyond retirement age, they are seeking to transfer their established butcher’s shop to new owners, keen to take the business through the next phase of its journey.
This successful butcher’s shop has traded for over 70 years, with sales typically generated from local repeat business, supported by around 15% of trade sales.
In addition to the typical bought in cuts of meat, the business also makes its own pies, pasties, sausages, burgers, bacon, black pudding, biltong and droewors. This both supports a higher overall gross margin and significantly differentiates the business from its competition.
The business operates from a leased premises, with the current lease due to run to 2030. It comes well equipped with 2 walk in chillers, 1 x 6 foot window bed, 1x 16 foot deli counter, a small chest freezer, 1 x 6 foot glass fronted upright freezer, 3 x 7 ft chest freezers, 1 x 4 foot chest freezer, 3 serve over scales, 1 printer/label scale, a meat slicer , a drying machine, a W.A meter, 2 vacuum packers , a tray wrap machine and an air conditioning unit.
In addition to the owner who works fulltime in the business, there is a full-time butcher and 2 part-time assistants.
The business generates revenues in excess of 300K, yielding profits before owner drawings of c 50k. Further growth opportunities include the footfall from extensive new housebuilding being carried out in the local area, in addition to the opportunity to develop a broader marketing strategy, and develop additional services such as home delivery and more value added products such as ready meals.
Representing a desire for a timely sale the guide price for the business is a realistic £35k plus stock at value and the owners will be flexible over sensible handover arrangements
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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