Award Winning Butchers, Bistro and Deli in Historic Malmesbury, Wiltshire
Malmesbury, Wiltshire
Advert ref: 1015SJG
Business Partnership is delighted to have been appointed as sole selling agent in order to seek a purchaser for this very well-established business, which was started by our client some 32 years ago and has only been made available for sale due to a wish to fully retire.
This is a rare and exciting opportunity to acquire a thriving, award-winning business that has been a staple in the heart of Malmesbury, Wiltshire since 1991.
This combined butchers, bistro, and deli business boasts an exceptional reputation, a loyal customer base, and numerous accolades for its high-quality products and outstanding service.
The business is strategically located in England's oldest borough, and with its historical charm including Malmesbury Abbey, Medieval Church and it's beautiful Market Cross, it draws customers from both the local community and far beyond.
We strongly recommend that any seriously interested party make contact with us as soon as possible, by hitting the 'Enquire about this business' button and completing the necessary non-disclosure agreement.
This is a rare and exciting opportunity to acquire a thriving, award-winning business that has been a staple in the heart of Malmesbury, Wiltshire since 1991.
This combined butchers, bistro, and deli business boasts an exceptional reputation, a loyal customer base, and numerous accolades for its high-quality products and outstanding service.
The business is strategically located in England's oldest borough, and with its historical charm including Malmesbury Abbey, Medieval Church and it's beautiful Market Cross, it draws customers from both the local community and far beyond.
We strongly recommend that any seriously interested party make contact with us as soon as possible, by hitting the 'Enquire about this business' button and completing the necessary non-disclosure agreement.
Key features:
- This business has deep-rooted ties within the community and a strong brand recognition.
- Operating as a butchers, bistro, and deli, this business benefits from multiple income streams, ensuring consistent revenue.
- Situated in Malmesbury, England's oldest borough, the business attracts foot traffic from both residents and tourists, contributing to its steady customer flow.
- Known for sourcing the finest meats, gourmet foods, and specialty products, the business has developed a reputation for offering the best in taste and variety.
- The business is supported by a skilled and knowledgeable team, ensuring the continuity of top-notch service and product quality.
- The bistro section provides an inviting atmosphere for customers to enjoy freshly prepared meals, enhancing the overall customer experience.
- Boasts excellent Tripadvisor, Google and Facebook reviews.
Property Details: Leasehold
Asking Price: £180,000 + SAV (Leasehold)
Turnover: £428,637 Annual
Location:
The beautiful market town of Malmesbury.
Size in Sq Ft: 1625
Lease Terms:
Flexible lease terms of between 10 and 20 years with rent reviews every 4-5 years at a commencing rent of £18,000 per annum exclusive of business rates. The lease would be granted on internal repairing and insuring terms.
Subject to the status of the ingoing tenant it should be noted that the landlord may require payment of a rent deposit equivalent to 3 or 6 months’ annual rental to be held for the duration of the tenant’s occupancy. Purchasers should take this into consideration when preparing financial forecasts and budgets.
Subject to the status of the ingoing tenant it should be noted that the landlord may require payment of a rent deposit equivalent to 3 or 6 months’ annual rental to be held for the duration of the tenant’s occupancy. Purchasers should take this into consideration when preparing financial forecasts and budgets.
Reason For Selling:
Vendors are seeking to fully retire.
Financial Details:
Turnover Year Ended 30 November 2018 £343,720
Turnover Year Ended 30 November 2019 £357,715
Turnover Year Ended 30 November 2020 £441,458
Turnover Year Ended 30 November 2021 £423,727
Turnover Year Ended 30 November 2022 £428,637
STOCK: To be purchased at cost price value in addition at the date of completion and expected to be in the region of £8,000 – £9,000.
Turnover Year Ended 30 November 2021 £423,727
Turnover Year Ended 30 November 2022 £428,637
STOCK: To be purchased at cost price value in addition at the date of completion and expected to be in the region of £8,000 – £9,000.
Expansion potential:
Consider extending business hours to include evenings.
Offer themed or specialty nights.
Offer themed or specialty nights.
Employees: 5 staff plus vendors
Trading hours:
SHOP:
Tuesday* to Friday: 7am - 4:30pm
Saturday: 7am - 4pm
KITCHEN:
Tuesday* to Saturday: 8am - 2:15pm
Sunday and Monday: Closed
*Closed Tuesdays after a Bank Holiday
Tuesday* to Friday: 7am - 4:30pm
Saturday: 7am - 4pm
KITCHEN:
Tuesday* to Saturday: 8am - 2:15pm
Sunday and Monday: Closed
*Closed Tuesdays after a Bank Holiday
Rates:
Current rateable value (1 April 2023 to present) £6,800
Costs:
Each party will be responsible for their own costs associated with the transaction and will be subject to Business Partnership terms and conditions.
The purchaser/ingoing tenant is to be responsible for payment of the landlord’s costs in connection with obtaining consent to the granting of a new lease.
The purchaser/ingoing tenant is to be responsible for payment of the landlord’s costs in connection with obtaining consent to the granting of a new lease.
Fixtures and fittings:
The business is very well equipped and fitted out to carry out its day-to-day trade with a full inventory of equipment to be supplied to seriously interested parties at the appropriate time.
Click image to expand (6 images)
Financial Details
- Leasehold: £180,000 + SAV
- Turnover: £428,637 Annual
- Net profit: undisclosed
- Fixtures value: undisclosed
- Stock value: undisclosed