Retail Property (high street) for sale

High Street - SA11

£175,000

Property Description

Commercial information

  • Business for sale

Key features

  • Long Established and Well Known Butchers
  • Weekly Takings Approx £16,000
  • Highly Profitable Business in a Prime Location
  • 5 Bedroom Accom. VIEWING HIGHLY RECOMMENDED

Full description

Tenure: Freehold

DESCRIPTION
This is an excellent opportunity to purchase a long established and well known butchers, which is situated in a prime trading location in Suffolk. The business occupies a prominent trading position at the heart of a busy residential area, amongst a number of residential properties. There is also ample off road parking facilities at the front of the properties.

The area is a hive of activity throughout the day, attracting high levels of regular, local and passing trade.

Having been successfully operated by the present owner since 1988, the property has been a butchers for over 50 years. This well known business has earned an excellent reputation within the locality and subsequently boasts an extensive and loyal customer base.

This unique opportunity offers a new owner the chance to purchase the butchers on a leasehold basis, including an excellently presented 5 bedroom self-contained living accommodation .

This thriving and highly lucrative business offers genuine scope for future growth and improvement. The butchers doesn’t currently offer a whole sale trade nor does it supply to businesses directly, therefore this opportunity would ideally suit an ambitious and energetic operative, who can continue to develop and grow the business. This will undoubtedly increase the weekly sales, whilst ultimately enhancing overall profitability.

The business offers its customers a wide range of fresh and cooked meats, pies, sausages, sausage rolls, game and exotic meats. All the cooking is done on site, as well as the preparation and the manufacturing of all other items.

Located in a picturesque South Wales valley town with a close community of 5500 population. The shop has been there for in excess of 50 years, the present owners for the last twelve , who now want to retire.

Glynneath is well serviced with good schools, good access to the local doctors surgery, rugby and football pitches, tennis court, bowls green and childrens park. There are plenty of wal

SALES
Currently shop sales average £4,800 approximately.

LOTTO
Weekly lottery sales approximate to £3,000

ACCOUNTS
A fantastic opportunity to acquire a very well established and profitable business, circa £1200 gross profit per week , as at 2017, with a fantastic reputation within the locatl community.

Located in a picturesque South Wales valley town with a close community of 5500 population. The shop has been there for in excess of 50 years, the present owners for the last twelve , who now want to retire.

Glynneath is well serviced with good schools, good access to the local doctors surgery, rugby and football pitches, tennis court, bowls green and childrens park. There are plenty of walkways, waterfall attractions, scrambling courses, slimming club, tanning station etc.

There are good roadway connectioins to many of the outstanding naturally beautiful attractions of the Brecon Beacons National Park, and the outstanding coastal communities of the Gower peninsular.

The core business is to serve the community, by delivering papers to peoples homes, this in itself brings every customer to the shop to pay for their papers, and whatever else they need. We cater for their needs, birthdays, anniversaries, cards, gifts, chocolates, toys and helium balloons. We are the only shop that provides helium for the balloons, catch all, even for those that buy on line then come to us to inflate them, win, win. We operate the Lottery and the Pay Point Sytems, commissions for both and another reason to come to the shop.

Over the last three years, a new Epos system has been installed and the old black boiler has been replaced with a new gas boiler and the upper level has been replastered, painted and new carpets fitted, and is now ready for occupation.

This is an ideal opportunity to move to the country and run your own business, to provide an income for as long as you want. You will get to know all your customers by name and be able to make new friends.

TRADING HOURS
Monday 06:00 — 19:00
Tuesday 06:00 — 20:00
Wednesday 06:00 — 19:00
Thursday 06:00 — 19:00
Friday 06:00 — 20:00
Saturday 06:00 — 20:00
Sunday 07:00 — 17:00


STAFF
Managed by the owners with full/part time staff.

Building External
End terrace double fronted property with two bedroom flat above. Prominent position on very busy main road with free parking. Large rear garden with garage and rear access. Development opportunity.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
***IMPORTANT PMA PARAGRAPH REGARDING PLANNING PERMISSION***

TRADING AREAS
The sales area is decorated to a very high standard and very well stocked. Modern fixture and fittings provide a very welcoming environment and there is full CCTV coverage. The shop is light and airy and extremely well kept. There are cold storage units, a large confectionary counter, a magazine section, and each wall space has been utilised to the utmost with impressive displays of the various goods available to purchase. Office room, Kitchen and bathroom located to the rear of the shop.

Building Internal
Offers In Excess of £195,000

Fantastic opportunity to acquire a very well established and profitable business, circa £1200 gross profit per week, as at 2017, with a fantastic reputation within the local community.

Located in a picturesque South Wales valley town with a close community of 5500 population. The shop has been there for in excess of 50 years, the present owners for the last twelve, who now want to retire.

Glynneath is well seviced with good schools, good access to the local doctors surgery, has rugby and football pitches, a tennis court, bowls green and childrens park. There are plenty of walkways, waterfall attractions, scrambling courses, slimming club, tanning station etc.

There are good roadway connections to many of the outstanding naturally beautiful attractions of the Brecon Beacons National Park, and the outstanding coatal communities of the Gower peninsular.

The core business is to serve the community, by delivering papers to people's homes this in itself brings every customer to the shop to pay for their papers, and whatever else they need. We cater for their needs, birthdays, annivesaries, cards gifts, chocolates, toys and helium balloons. We are the only shop that provides helium for balloons, catch all, even for those that buy on line , then come to us to inflate them - win, win. We operate the Lottery and the Pay Point Systems, commission for both and another reasons to come to the shop.

Over the last three years, a new Epos system has been installed and the old black boiler has been replaced with a new gas boiler and the upper level has been replastered, painted and new carpets have been fitted and is now ready for occupation.

This is an idea opportunity to move to the country and run your own business , to provide an income for as long as you want. You will get to know all your customers by name and be able to make new friends.

Situated in the Vale of Neath, some 20 mile North East of Wales’s Second largest city

TENURE
We are advised that the property is freehold.

SUMMARY
Genuine opportunity to acquire an already successful business within a lovely local community. Scope to increase turnover. Fantastic opportunity for the right person. Viewing highly recommended.

SHARE SALE
The business is owned by a limited company and so it is anticipated that this sale will be by way of a share sale of 100% of the issued capital of the company. The sale price quoted above is based on the assumption that:

a) the assets, liabilities and net assets of the company will be approximately the same as in the most recently published balance sheet. Any rise or fall in the net assets since publication will be in addition to the agreed sale price.

b) on or before completion, the vendor will have withdrawn all cash from the company and paid off all bank debts and any money owed to the Inland Revenue, but not any normal trade creditors.

c) the quoted sale price does not include the stock in the business, the value of which, following a stock-take, will be added to the agreed sale price.

d) the vendor will collect all debtors and pay off all creditors of the company on or before completion, after which any credit balance (including any amount for stock) will be added to the agreed sale price.
Most common used :
e) on or before completion, the vendor will have withdrawn all cash from the company and paid off all bank debts and any money owed to the Inland Revenue, but not any trade creditors; the quoted sale price does not include the stock in the business, the value of which, following a stock-take, will be added to the agreed sale price.

f) the quoted sale price does not include the net assets of the company, so the final price will therefore need to be increased by an amount equivalent to their value on completion.


Nearest station

  • Treherbert (6.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Treherbert (6.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 42490. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Kings. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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