Hilton Smythe welcomes to the market Wantage Family Butchers Ltd. The business was established by our client in 2009, the owner is now looking to sell the butchers, due to the desire to focus on other business interests.
The business runs as a traditional family butchers offering a range of fresh meats. Wantage Family Butchers Ltd also offer delicatessen produce and hot and cold food sales. The property has an A5 permit in place, great for offering fast food.
The shop has building permission to open as a take-away during the hours of 9am-12 midnight, Monday - Saturday and 10am - 10pm Sunday's. Although the current owners do not currently take advantage of this, there is scope to vastly increase current turnover.
There are facilities on site for our client to make their own products, this includes sausages, dried cured bacon, faggots and burgers; all very popular with the locals. The business supplies its fresh food to the public as well as personal caterers, chefs, cooks and other clients.
There is a seating area inside the property for customers to enjoy the ready to eat takeaway food. Sales include hot and cold drinks, sandwiches, baguettes, soft rolls and burgers; all made from products sold in store.
The delicatessen side to the business again offers an extensive range to choose from; such as ales, chutneys, cheeses, cooked meats, salad dressings, vinaigrettes, pasties and pies. The store also stocks a range of ready meals.
The business generated a turnover in the region of £190,000 as of the 2016 accounts, with a gross profit of 48%. This is a healthy turnover; however, we feel the purchaser should look to take full advantage of the A5 licence. Increasing the range of hot food could allow for extra trade throughout the day, especially during lunchtime hours.
The butchers has a website, this is used for advertising the business and its services. This is a great website that looks professional. The site is included in the sale (www.wantagebutchers.uk). Wantage Family Butchers Ltd also has a business Facebook page, this is regularly updated and has over 600 followers. Social media is a great cost effective way to market a business.
This is a fantastic opportunity that would be perfect for a husband and wife team or partnership. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 5 years
Rolling lease, new lease to be negotiated.
Rent: £10,400 per annum
HOURSThe business opening hours: -
Tuesday - Friday: 9am - 5:15pm
Saturday: 9am - 4:30pm
STAFFThe business is run and managed by our clients, with the help of full time members of staff.
FINANCIAL PROFILEThe business generated a turnover in the region of £190,000 as of the 2016 accounts, with a gross profit of 48%.
Wantage Family Butchers Ltd is located in Wantage, Oxfordshire.
The business is situated on a retail parade in the town centre of Wantage. There are ample retail outlets in this location. Close by there is a fish and chip shop, takeaways, barbers, health food store, Costcutter store, a Waitrose and pubs. The business benefits from on-street parking directly outside.
Wantage is a beautiful market town that boasts character properties mostly 17th and 18th century, narrow cobbled streets and great scenery. The town is popular with tourists boasting many activities and attractions.
The business is located on the main road through the town, this allows for daily passing trade and high footfall. There is public transport in the town, with bus stops a short walk away. These have regular daily routes into Oxford City Centre which is around 15 miles away.
Wantage Family Butchers Ltd boasts a large well-presented listed property. The signage looks great and gives the shop character. Windows across the front of the shop allow for a bright and airy interior.
On entry is the main retail space. There is window seating and counter seating across the right-hand wall for 9 covers. In the retail space is a three-tier freezer and a glass front drinks chiller.
In the centre of the room is a double serve over glass chiller and service counter with till. By the till is shelving for crisps and chutneys. Behind this is a preparation area with sink and hot plates.
To the back of the room is another serve over chiller for raw meats. The retail space is presentable and looks clean.
To the rear of the property is a preparation room, staff kitchen and storage room.
Some equipment included in the sale: -
Upright freezer 3 tier
Hot water dispenser
2x hot plates
2x till and label printer
Second sink unit
There is also a van included in the sale.
Full inventory list available.
The shop has building permission to open as a take-away during the hours of 9am-12 midnight, Monday - Saturday and 10am - 10pm Sunday's.