Sold

Butchers with Rental Income from Accommodation

Coleford, Gloucestershire

£249,950 +SAV

Ref: 14846 H

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Description

Hilton Smythe welcomes to the market this very busy butchers shop, run by the current owners for the last 28 years. It has been a butchers since 1916. The trade has been built up over a very long period and the shop is very well established with a large repeat customer base.

The shop itself has been run by the current owner for the past 28 years and is very well established, with many loyal customers. He is now looking towards a very well-earned retirement.

Also included in this freehold sale is a 2-bedroom flat, which has its own separate access and is currently rented out for £480 per calendar month.

The shop offers locally-sourced free-range meats, pies and sausages, together with homemade faggots and much more. They also offer fresh, free-range eggs, choice cheeses and pates and local pickles, chutneys and sauces. A delivery service is also offered to the local area.

It is a very well established and well-liked business, however with longer hours, an even more extensive product range and more extensive marketing, we believe the business could be taken to the next level.

The shop comes with an extensive range of quality fixtures and fittings and is offered at a good price, with a genuine reason for sale. Viewing is a must to appreciate the quality on offer. See http://www.raywinmanbutchers.co.uk/. They can also be found on Facebook.

Tenure

Freehold

We are advised that the business is being sold as a Freehold opportunity.

Hours

The business opens:-

Monday: 8:30 a.m. to 12.00 p.m.
Tuesday to Friday: 8:30 a.m. to 5.00 p.m.
Saturday: 8.30 a.m. to 4:30 p.m.
Sunday: closed

Staff

The business is currently run by the owner, 1 full time and 1-part time member of staff.

Financial Profile

The accounting information shows a turnover of £332,827 for the year ending 17th October 2016 with a gross profit of £74,380 and a healthy net profit of £34,831.

According to the VOA website the current rateable value for the shop is £3,250 and the flat has a council tax band of A.

Location

Ray Winman Family Butchers is situated in a busy residential and commercial area in the centre of Coleford, the administrative centre of the Royal Forest of Dean.

The historic market town of Coleford can be found in this delightful area, close to the Wye valley and the scenic river severn. It is well located for all motorway links (M50 & M48 are within a 12-mile radius) yet enjoys a full range of local facilities to include: Cinema, Post Office, Banks, Library, Shops, 2 Supermarkets, Pubs and Restaurants. Primary and secondary schooling with further education. Leisure Centre (at the college campus) and two separate Golf Courses. The population at the 2011 census was 8,359.

Premises

This traditional butcher’s shop offers easily managed premises covering approx. 36 sqm on the ground floor.

Main shop area, preparation room with double sink and WC.

The shop offers a wide range of equipment to include:-
Walk in fridge/freezer,
Butcher’s blocks,
2 x meat slicers,
Serve over counter,
Display fridges,
Weighing scales,
Till,
Chest freezer,
3 further freezers,
2 x vac wrappers,
Mincer,
Shelving and much more.

The first floor flat consists of lounge, kitchen, bathroom and 2 bedrooms and is offered with gas central heating.

Viewing is a must, to appreciate the lovely village location on offer together with the central position and investment potential.

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