Well Presented Butchers With Accommodation – Boston, Lincolnshire

Price: £510,000
Contact: Aidan Murphy 01204 556301
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Description

Hilton Smythe welcomes to the market Carl Dunham Butchers, which was established by our client in 1980. Our client is now looking forward to their retirement.Carl Dunham Butchers is a traditional family butchers based in Boston selling, to the public and to the trade;• Fresh cuts of meat• Pies• Sausage rolls• Pasties• Sandwiches• Local fruit• Veg • Eggs The business is being sold as a Freehold opportunity with 2 x 1-bedroom flats above the premises, both of which are currently let at £350 per month on assured short hold tenancies. One of the flats has a separate entrance. The other could be ideal as owner’s accommodation.Many local workers repeatedly call in from early morning for their breakfast and lunch, while the staff prepare meat for sale and for delivery to approximately 20 outside catering clients that include restaurants and 4 local schools. These are all in the Boston area. There are many other repeat customers who purchase produce throughout the year.The business has a Facebook page with 4.9 reviews and is locally renowned.Carl Dunham Butchers is a profitable business, but there is scope for development by looking at the following options:• Introduce a website• Extend the outside catering to more pubs and restaurants outside of Boston• Consider hog roasts at eventsHilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Freehold

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


Hours

The business opening hours: Monday: 5.00 am – 5.00 pmTuesday: 5.00 am – 5.00 pmWednesday: 5.00 am – 5.00 pmThursday: 5.00 am – 4.00 pmFriday: 5.00 am – 5.00 pmSaturday: 5.00 am – 2.00 pmSunday: Closed


Staff

The business is run and managed by our client, with the help of 11 full time members of staff, 6 being qualified butchers.


Financial Profile

Carl Dunham Butchers generated an advised turnover of circa £990,845 as of the 2017 accounts, with a gross profit of £416,942 and a net profit of £96,341.The assets are worth in the region of £60,000 – £70,000The business is being sold with 2 x one-bedroom flats worth in the region of £50,000 each.

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