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Reddenhill Road, Torquay, Devon, TQ1

£45,000
59 sq. m.

Property Description

Commercial information

  • 635 sq ft (59 sq m)

Key features

  • REF: 13619 i
  • LEASEHOLD
  • BUTCHERS

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market Save On Meats. This is a historic butchers originally established over 100 years ago. The business boasts an exceptional reputation in this residential location, benefitting from a generous amount of repeat loyal trade and further benefits from tourist trade. Our client took over the butchers in 2009 and is now looking to sell the business, due to the desire to take a well-deserved retirement.

The business has maintained its reputation over the years for its high quality of goods and services available. The butchers offer an excellent range of fresh meats, as well as providing a range of fresh fruit and vegetables, stock, chutneys, pickles, gravy and sauces.

Our client offers deliveries and supplies local business with fresh meats. Trade is split 50% retail and 50% local business trade.

Save On Meats is situated in a prime trading location operating 6 days a week. We are advised the business generated a turnover in the region of 301,000 as of the 2015 accounts, with a gross profit of 17%. This is a healthy turnover with scope to be increased. The purchaser could look into extending opening hours and expand the contract base with local businesses. Torquay is filled with Guest Houses, restaurants, pubs and schools. Arranging contracts to supply fresh meats and vegetables to these businesses could massively improve income. A catering service could also be something the purchaser considers.

The butchers would be an ideal purchase for a husband and wife team or partnership; looking to run a fast paced, long established butcher's business. This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the business.


LOCATION
Save On Meats is located in Torquay, Devon.

The butchers is situated on a busy suburban street in the desirable town of Babbacombe, Torquay. This is a densely populated residential area from which the business derives much of its trade. The area also offers lots of independent operators, plus larger branded stores such as Co-Op convenience store and William Hill bookmakers. There is free on street parking bays directly outside the property.

The area is close to Torquay United FC, and just 500 yards from the ocean at Babbacombe bay. Babbacombe is a popular tourist destination bringing in thousands of visitors each year. The town boasts its own promenade, theatre, shops, restaurants, hotels, B&B's and of course the world famous Babbacombe Model Village. The town is adjacent to Torquay and lays beside St. Marychurch, both bustling visitor destinations.

This is a vibrant shopping location boasting great road connections and excellent public transport. There are bus stops dotted around the town. These have regular daily routes into St Marychurch and Torquay.

PREMISES
Save On Meats boasts a well-presented property on a retail parade. The property is well signed and has a canopy across the front, covering the outside display area. There is a large window at the front, again used for displaying products.

On entry is the main retail area, this has a large serve over glass fronted display chiller. On the left side is an open front chiller and across the back wall is a large open front chiller. Behind the service area is counter top space with stainless steel shelving and hangers.

Through to the back of the property is the storage areas. These areas have shelving and double up as staff areas with a kitchenette. One of the rooms has a large walk in chiller. From here there is access to the rear yard, were there is an outside storage space and WC.

The sale includes the following equipment: -
Refrigerated window display
10ft airflow meat chill cabinet
6ft multi deck dairy display
Glass fronted freezer cabinet
4ft multi deck grocery unit
3x scales
2x 4ft butchers blocks with stands
Built in safe
Wrap over machine
2x tills
2x single chamber vac pac
Original butchers bike by Pashley circa 1950
Walk in chiller
Sausage machine
4x chest freezers
Combi mincer and mixer
Stainless steel trays
Gravity fed slicer

TENURE
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 7 years.
New lease to be negotiated.
Rent: 4,200 per annum.

HOURS
The business opening hours: -

Monday: 7am - 3pm
Tuesday: 7am - 4pm
Wednesday: 7am - 1pm
Thursday & Friday: 7am - 4pm
Saturday: 7am - 3pm
Sunday: Closed

STAFF
The business is run and managed by our client, with the help of a delivery driver.

There was previously two full time members of staff.

FINANCIAL PROFILE
The business generated a turnover in the region of 301,000 as of the 2015 accounts, with a gross profit of 17%.



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