Status: Completed
Tenure: Leasehold
Leasehold Rent: £9,876 per annum
Turnover: £160,506
Family Run Butchers in Fantastic LocationFamily Run Butchers in Fantastic LocationFamily Run Butchers in Fantastic LocationFamily Run Butchers in Fantastic LocationFamily Run Butchers in Fantastic Location
£19,995 + SAV

Family Run Butchers in Fantastic Location

Completed
  • Reference: 13255 G
  • Location: Great Yarmouth, Norfolk
Hilton Smythe welcomes to the market Ludham Butchers. This traditional family run business was originally founded back in the 1960's and has been run and managed by our clients', a successful husband and wife team since inception in 1992.

The butcher's is immaculately presented with a high level of equipment and fittings to suit the trade. Ludham Butchers has an exceptional reputation for the high-quality produce and friendly customer service seeing a high amount of support from residents and further benefits from tourist trade.

According to the 2016 accounts, turnover is in the region of £160,500 with gross profit at 30%. We believe that a new owner should consider wholesale trade to local businesses or set up a delivery service in the area to increase revenue. The size of the premise could also allow for further product lines to be introduced and the potential to start in-house baking.

We highly recommend early viewing of this outstanding business in this most desirable location, which genuinely comes to the market as our client's look towards a well-deserved retirement.

TENURE

We are advised leasehold.
The original lease is 9 years, with 6 months remaining. A new lease is available.

Rent is £9876 per annum.

HOURS

The business opens: -

Tuesday to Friday 8.00am - 5.00pm
Saturday 8.00am - 1.00pm
Sunday and Monday closed.

STAFF

The business is owner run and managed with the assistance of 1 full time staff and 3 part time.

FINANCIAL PROFILE

According to the 2016 accounts turnover is in the region of £160,500 with gross profit at 30%.
The business is located in the picturesque village of Ludham, Near Great Yarmouth, Norfolk.

Ludham Butchers occupies a central position within the village centre and is in walking distance of the convenience store, post office, Drs surgery, school, church and local pub all serving this affluent community. The business is close to a large caravan club site and 3 smaller sites from which the business benefits.

Ludham sits on the edge of How Hill and Hickling Broad National Nature Reserves and Ludham & Potter Heigham Marshes attracting many visitors to the area. The village is connected to the well-known Norfolk Broads from the navigable River Ant, just a short distance away from the business.
Attractive glass frontage with good signage.

Spacious retail area with waiting area and full length chilled serve-over counter unit, 1 till, 2 scales, butchers block and fully racked walk in chiller.

To the rear is the preparation room housing sausage filler, mincemeat machine, vac PAC and second fully racked walk in chiller. Separate front door access to this room as well as rear door access to both areas.

Fully racked cold store.

Rear door leads to W/c and outside storage shed.