Farm Shop, Deli and Sausage Makers | Cheltenham
| Price: | £125,000 + SAV (Leasehold) |
| Contact: | 0207 1450040 - Advert ref: FC8752SJG |
Highly Reputable Butchers, Farm Shop, Deli and Sausage Makers
Cheltenham, Gloucestershire
Advert ref: FC8752SJG
Key features:
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Long established concern – 2nd generation business – established by vendors father in 1983 very strong local brand and famous product
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High quality butcher with deli/farm shop – close to motorway and three town centres
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Main trust of business is sausage making – generates 60% of sales from a wide selection of speciality sausages – trade split 50/50 retail sales and trade-related catering customers – large customer base
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High & rising year-on-year turnover – net sales 12 months to June 2023 £604,376 with excellent profits generated.
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Further growth potential via social media and e-commerce
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Operating from 2,232 sq. Ft. Light industrial unit within a popular trading estate comprising: retail area with store, open plan cutting area, production area, kitchen, office, store room, dry ingredients store, walk-in refrigerator
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Outside: freezer room (holds 12-15 pallets)
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New lease available
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Genuine reason for sale
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Internal inspection invited – all viewings strictly by prior appointment only through the vendors sole agents Business Partnership
Property Details: Leasehold
Asking Price: £125,000 + SAV (Leasehold)
Turnover: £604,376 Annual
Location:
Premises Details:
Size in Sq Ft: 2232
Lease Terms:
The premises are held on lease and the landlord will grant a new lease to a prospective purchaser simultaneous with the business purchase. The Landlord has proposed a six year term at a commencing rent years one and two of Unit 1 £11,328.00 + VAT and Unit 1a £7,160.00 + VAT
Annual Service Charge Year one Unit 1: £1,294.86 + VAT and Unit 1a: £818.43 + VAT
The leases are held on fully repairing and insuring terms.
Subject to the status of the purchaser, the landlords may request a rent deposit equivalent to 3 or 6 months’ annual rental to be held for the duration of the lease. Prospective purchasers should take this into consideration when preparing financial forecasts and budgets.
Reason For Selling: