Butcher shop for sale in West Sussex

West Sussex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, residential area, WEST SUSSEX

WE ARE INFORMED the turnover currently averages £28,000 p.w. in our opinion offering further potential to develop in the right hands. (We understand approximately 80% of the turnover is in respect of front shop sales with the balance of approximately 20% in respect of catering. In our opinion there is tremendous potential to increase the catering side of the business if desired). We are advised that the sales year ending 31st January, 2015 showed sales £1,253,551 with a gross profit of £342,686 (before wages & social security of £198,693) & a net profit before bank charges of £97,016.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 10 years full repairing and insuring lease in respect of the shop with flat over at a rental of £22,500 p.a. exclusive of rates for the first 5 years with rent to be agreed thereafter. Alternatively should the accommodation not be required, the vendor, subject to satisfactory references, is prepared to grant a new 10 years full repairing and insuring lease in respect of the shop only at a rental of £15,000 p.a. exclusive of rates for the first 5 years with rent to be agreed thereafter.

OUTSTANDING OPPORTUNITY TO ACQUIRE A PROFITABLE BUTCHERY SHOP IN THIS SOUGHT AFTER LOCALITY

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR OVER 25 YEARS AND IS SOLELY OFFERED FOR SALE DUE TO RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation in the form of a SELF CONTAINED FLAT over all in GOOD CONDITION, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Double Bedrooms
Fully tiled shower room with shower. w.c. & wash hand basin
Lounge
Fitted kitchen

Monday - Friday inclusive - 7.30 a.m. - 5.30 p.m.
Closing at 1.15 p.m. - 2.15 p.m. for lunch
Saturday opening - 7.30 a.m. - 5 p.m. (not closed for lunch on Saturday)

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £525,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £175,000
Tenure : Leasehold
Status: Available
Sectors:
Butcher shops
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