ARTEMIS FOODS – Basildon Essex

Price: £170,000
Contact: 01772 775 776
More details

REF: 47384

The property is held on a 12 year lease which commenced in 2016. Rent is £TBC per annum with rent reviews every 5 years. (correct as advised on 08.08.19).

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

TURNOVER

675,000 pa

OPENING HOURS

Summer trading hours:
Monday – Saturday 07:00 to 16:30
Winter trading hours:
Monday – Saturday 07:30 to 16:00
Sunday – Closed

BUILDING

The shop provides a light and airy, welcoming feel when entering from the street and benefits from an open plan trading area with L-shape bespoke glass fronted chillers along with additional displays.

Large storage and prep areas to the rear of the shop with a comprehensive range of well maintained equipment which is included within the sale price, walk in chiller and chest freezers.

ACCOUNTS

Figures supplied show an income in the region of £675,000 between January to December 2018 with adjusted profits for the same period of c. £87,000. Current records and accounts can be inspected after viewing.

STAFF

Managed by the owner along with one full time member of staff and one part time for weekends and deliveries.

EXTERNAL

The business operates from the ground floor of a mid terraced property on a parade location which benefits from ample free parking. The business has good roadside signage and occupies a trading position amongst other independent retailers.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

DESCRIPTION

An exciting opportunity to acquire this well established, well renowned traditional butchers which whilst only been under the current ownership since 2016 we have been advised that the business has operated from the same spot since the 1950’s. The business occupies an excellent trading position on the outskirts of a major Essex town close to the A130.

The business is well renowned and has an excellent reputation not only locally but also further afield for its free range and organic meats with the majority sourced locally from various meat traders and farms. All 15/20 of the sausage ranges, burgers and kebabs are hand made on site using traditional methods and modern time saving machinery.

The shop is traditional in design when entering from the street and occupies a prime parade location amongst other independent retailers. There is also heavy footfall throughout the day from local residents along with those commuting to and from the town.

The shop is presented in good condition throughout and we have been advised it was re-wired in 2016 when our client took ownership. Under the current ownership the business has seen a significant increase in income over the last couple of years and has built a loyal customer base which continues to grow by way of word of mouth.

In our opinion however, the business still offers genuine growth for any new owner who could expand upon the outside catering and delivery service plus to supply to the hotels, pubs and many restaurants in the local vicinity.

SUMMARY

An exciting opportunity to acquire this well established butchers which has an excellent reputation for quality produce not only locally but also further afield.

The business has a strong and regular client base which continues to grow and would therefore ideally suit a hands on owner to maximise profits. Viewing highly recommended.

 

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