Hilton Smythe is delighted to welcome to the market this well-established and very popular butcher and delicatessen business, which is ideally located within the town of Ventnor on the Isle of Wight.
The business was originally established in the 1960s and has been in our client's careful ownership since 2009. Only now is the business being offered to the market, due to our client's desire for a well-deserved retirement. The business currently operates 5 days per week and generates a turnover in the region of £116,400 per annum, with a gross profit of approximately 35%, as per the 2016 accounts.
Our client offers a wide variety of goods including fresh meats of all cuts and descriptions and many varieties of award winning sausages. Opposite the meat counter is fresh local produce ranging from vegetables, chutneys and jams. The deli counter has a huge range of cheeses, olives, smoked fish, cold meats, shop baked pasties, scotch eggs, pizza, all of which are baked in the shop.
The business has built up an excellent reputation on the island, for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Monday and Sunday trading hours, as the business is currently closed on these days. A new owner could also embark on a modest marketing campaign to promote the produce, or add commercial deliveries to restaurants and hotels on the island.
This is an excellent opportunity for a new owner to acquire a busy butchers and delicatessen business, which has huge scope for growth; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Rent: £5,000 per annum.
HOURSThe business is open:
Tuesday: 8.30am - 4.00pm
Wednesday: 8.30am - 1.00pm
Thursday - Friday: 8.30am - 4.00pm
Saturday: 8.30am - 1.00pm
STAFFThe business is family run with a part time butcher three days per week.
FINANCIAL PROFILEThe business generates a turnover in the region of £116,400 per annum, with a gross profit of approximately 35%, as per the 2016 accounts.
Norris and Knight occupies substantial ground floor premises, ideally located within the town and seaside resort of Ventnor on the south coast of the Isle of Wight. The business is situated on the very busy High Street and is surrounded by a wealth of complementary shops and businesses, therefore benefiting from a high volume of footfall and passing trade, as well as on-street parking facilities to the front of the premises.
Ventnor is situated south of St Boniface Down, which is the highest point on the island, and is built on steep slopes leading down to the sea. According to the 2011 census, the town had a residential population of 5,976. Ventnor is a traditional seaside resort, and one of Britain's most famous Victorian health resorts, due to its unique micro-climate. The beach huts that line the back of the beach are converted Victorian 'bathing machines' and are available to hire, along with deck chairs.
The area of the business is served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Shanklin, which is approximately 4½ miles away. The area is also served by both A and B-roads, with the A3020 being within easy driving distance, which links the island's A-road network. St. Helens is approximately 10½ miles away and Newport is 11 miles away.
Substantial ground floor premises, in a prime high street location on the Isle of Wight, briefly comprising:
Window display chiller unit.
L-shaped chiller cabinet, divided into three sections.
Traditional wooden display shelving to left hand side.
Prominent illuminated delicatessen sign.
Delicatessen chiller unit.
2 x meat slicers.
2 x electronic weighing scales.
Shrink wrap machine.
2 x under counter fridges
2 upright freezers
Butchers tools and knives.
4 x stainless steel preparation tables.
Deep fat fryer.
Delicatessen walk-in product chiller unit.
Pans and cooking utensils.
Walk-in uncooked meat chiller unit.
2 x vacuum packing machines.
2 x coffee machines.
Shop CCTV system with monitor.
Large display window.
On-street parking facilities.