Hilton Smythe is delighted to welcome to the market this popular butchers, greengrocers and delicatessen business, which is ideally located within the town of Thatcham, Berkshire.
The business was established by our client in 2010 and is only now, reluctantly, being offered to the market, due to our client's family commitments. The business currently operates 5 days per week and generates a turnover in the region of £299,130 per annum, with a gross profit of approximately 37%, as per the 2016 accounts.
Our client offers a wide variety of goods including beef, lamb, pork, poultry & game, burgers, sausages, cheese, cooked and cured meats, pies and convenience items, as well as providing hog roasts, which range from pig to lamb and jacket potatoes. The property boasts 60 sq. metres of floor space, are very well maintained and fitted out to suit the trade.
The award-winning business won three 1st prizes at last year's Newbury and District Agricultural Fayre, which is held in September, as well as being voted the No1 high street shop by the Berkshire and Bucks Life Magazine. The business has also featured in Newbury Magazine and has a 5-star hygiene rating. Our client has just started an online ordering service, which is doing very well with 75% sales from meat and 25% from all the other ranges in the shop.
The business has built up an excellent reputation within the area 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 trading, as the business is currently closed on that day. A new owner could also embark on a modest marketing campaign to promote the goods and services offered. There is already an excellent and informative website in place to advertise the business at www.cookandbutcher.co.uk.
This is an excellent opportunity for a new owner to take this thriving business to the next level, or it would make a perfect bolt-on for an existing business wishing to expand; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold.
Original leasehold: 12 years
Remaining lease length: 10 years, as of 2017
Rent: £17,000 per annum
HOURSThe business is open:
Tuesday - Friday: 8.30am - 5.00pm
Saturday: 8.30am - 2pm
STAFFThe business is owner run and managed.
FINANCIAL PROFILEThe business generates a turnover in the region of £299,130 per annum, with a gross profit of approximately 37%, as per the 2016 accounts.
Cook & Butcher occupies substantial ground floor premises, ideally located within the town of Thatcham in Berkshire. The property is situated on the busy Broadway, a very popular shopping street within the town centre, within a parade of complimentary shops and businesses, therefore, benefiting from a very high volume of footfall and passing trade. The business further benefits from excellent car parking facilities within the area.
Thatcham is a town in the historic county of Berkshire. According to the 2011 census, the town had a residential population of 25,267. The town lies 54 miles west of London and straddles the River Kennet, the Kennet and Avon Canal and the A4.
The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. Thatcham railway station is approximately 2 miles away. The area is also well served by the road networks, with the A4 being a short drive away, which connects to the national A-road and motorway networks. Thatcham is 3 miles east of Newbury and 14 miles west of Reading.
Substantial ground floor premises in a prime trading location, briefly comprising:
Split into two sides, left for meats and cheese counters, and the right for all other goods, with a rear open chiller unit for vegetable range.
Bespoke wooden shelving has been made for the grocery side.
Busy butchers counter, which underwent a full refit when our client purchased the shop, with a new fitted floor, tiled walls and counters.
Full electrical re-wire.
Rear preparation area and walk in chiller unit.
Glass fronted drinks refrigerator with takeaway food items such as pies.
2 metre glass fronted cheese chiller unit.
5 x bay solid wood diaphanous shelf units.
3 metre glass fronted meat chiller unit.
3 metre open vegetable display chiller unit.
Tall wooden spice shelving unit.
Double stainless steel preparation sink units.
Fixed wall mounted hot water boiler.
3 x electronic scales.
Display trays, butchery knives and tools.
5 x 3 metre walk in chiller unit.
2 x chest freezers.
1 x tall freezer.
Large quantity of Christmas storage boxes for customer orders.
3 metre x 4.5 metre sign written marquee for events.