Shop for sale

Tenure: Freehold

Location
Allison's of Ferryhill is set within a parade of complementary shops and businesses, ideally located on the main road in Ferryhill, County Durham. The shop is situated within a densely populated residential area and benefits from ample parking in the vicinity. The business boasts an excellent trading position, and enjoys a high footfall with much passing trade. There are regular buses running through the area and there is easy access to the local A-road network and the A1(M). Ferryhill lies about 7 miles away from Durham city centre to the north.

Business History
Preferred Commercial is pleased to offer for sale this popular butchers business, which has been in our client's careful hands since 1992 and which has only now being placed on the market due to our client's wish to retire. The business trades 6-days per week and generates a turnover in the region of £380,000 per annum with a gross profit of 36%, derived from offering general butchery produce including cooked meats, homemade sausages, pies and pastries as well as serving hot joints and roasts at lunch time. We feel that turnover could be increased by perhaps extending the opening hours and by embarking on a modest marketing campaign. The business occupies large premises of approximately 8,000 sqft, and has a spacious sales area, which is well-equipped to suit the trade. The business also offers 3-bedroom owners' accommodation with a lounge, bathroom, kitchen and conservatory. We are advised that planning permission is in place to create another retail shop area utilising some of the residential space to the side of the existing shop. There is a website in place, which provides information about the business history and we feel that this could be developed further. Our client has gained an excellent reputation and a loyal customer base from offering a welcoming and friendly service. This is an ideal opportunity to acquire profitable butchers, which is situated in a thriving area and is in walk-in-and-trade condition. Early negotiations with Preferred Commercial must come highly recommended.

Financial Details
T/O: £380,000 approx.
GP: 36%

Opening Hours
Mon - Fri: 8.00am - 16.00pm
Sat: 8.00am - 12.30pm
Sun: Closed

Accommodation Details
2-storey retail premises with a large sales area and owners' accommodation, situated in a prime location. Briefly comprising:

Ground Floor
• Sales area with display chillers for both cooked and raw meats, a warm oven for hot food, preparation area and electronic cash register
• Preparation area with 3 large walk-in refrigerators, 3 x vac packs, microwave oven and sink unit
• Small office to the rear
• Bakery area with 2 x electric ovens, gas hob and oven and a preparation area
• Utility room with drying and washing area, boiler and side entry to meat preparation area
• Meat preparation area

Owners' Accommodation
• 2 x large double bedrooms
• 1 x single bedroom
• Bathroom
• Lounge
• Kitchen
• Conservatory

External
• Large rear yard with parking for 1 vehicle

Tenure
Advised freehold