Business for Sale in Ipswich, Suffolk SPECIALITY SAUSAGE MANUFACTURER & SHOP – IPSWICH, SUFFOLK

Key Information

Reference

MF35740E

Tenure

Leasehold

Status

For Sale

Region

Suffolk

Sector

Food & Drink Manufacturing Companies

Rent Payable

Retail Shop: £9,600 per annum. Production Unit: £4,125 per annum.

Business Rates

Retail Shop: £898.20 per annum. Production Unit: £424.15 per annum. Both currently with the benefit of a 75% Retail Discount.

Accommodation

No

Business Information

• Very Well Known & Highly Regarded
• Low Overheads
• Prominent Retail Shop
• Multi Award Winner
• Up to 2 Ton Weekly All Produced to Order
• Established 30 Years
• Large Wholesale Turnover
• Separate Production Unit
• Scope to Expand into Online Sales
• Excellent Standalone Business or Bolt-On

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AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.

ADDITIONAL INFORMATION: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

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PARTICULARS

An interesting opportunity has arisen to acquire this well known multi award winning specialist sausage manufacturer offering an ideal acquisition for either someone to take the business on a standalone basis or equally to add onto an existing manufacturing venture or one operating in a similar sector.

With low overheads but offering a degree of flexibility with regards to whether the prominent retail premises and separate production unit are taken on depending on the buyers individual requirements, this could suit many a different buyer.

Established for many years and highly regarded by their large wholesale client base as well as the many retail customers that visit the shop, this profitable business has very strong foundations from which to continue on and with scope to expand further into online sales or by servicing a wider geographical client base.

THE BUSINESS ITSELF

The business is now in its 30th year of trading and as such has built up an enviable name for the quality and range of its products. Specialising uniquely in sausages and burgers only has allowed the business to perfect its offering and operation, which now can be considered a relatively simple and straight forward business model making it far easier for someone new to take over.

The wholesale business accounts for approximately 90% of volume of product produced, however the retail shop compliments this in terms of turnover given the retail mark up of the goods sold in the shop. The shop also offers locally sourced deli products such as pies, chutneys, jams, pâtés and a selection of South African produce which people travel from afar to purchase. The wholesale business includes many hotels, cafés and restaurants along the east coast, from Aldeburgh to the north and Chelmsford to the south.

Producing up to 2 ton of fresh sausages and burgers a week the business has always returned an impressive profit margin over the years. With clear avenues to pursue to increase this further, this could prove to be an even more lucrative business for a new owner than it currently is.

PREMISES

As stated previously the business operates from two premises in Ipswich with the retail shop being in a prime position in a busy pedestrian cut-through in the heart of the town centre. The separate production unit is situated a short distance away on the outskirts of the town and whilst previously providing a retail shop, this is closed to the public and it now concentrates solely on the production of the sausages and burgers.

The retail unit is spread over three floors with the top floor providing desk space, a tall fridge, under-counter fridge and freezer, a kitchenette and w.c with windows to the front and rear, and a carpeted floor. At ground level is the main shop with two fridge display units, one showcasing the fine range of raw sausages and burgers and the other for cooked produce such as pies, scotch eggs and cheese. To the other side of the entrance door you will find an ambient display unit for the deli produce. Within the shop you will also find a meat slicer, sink, scales, till and display racks for sauces, chutneys and such like. The shop also benefits from a 5 star food hygiene rating.

The production unit is situated in a parade of shops including a Post Office in a heavy residential area and whilst retaining a sign written shop front it is closed to the public. The front room houses three under-counter freezers plus a tall fridge/freezer, a chilled display unit, sinks, stainless steel work surfaces and storage space. Tiled throughout, there is an open door through to the middle production room with stainless steel counters, scales, burger press, large floor scales, hand wash sinks, cling film roller and cutter, and storage for herb and spice mixes. It is again open through to the main production room with vinyl non-slip floor. Within here there is a Manca mixer, a Kolbe mincer and a Manca filler, stainless steel work counters, a double stainless steel sink, door to a good size walk in cold room and further door to the rear yard. From the middle room there is a further open doorway to a large walk in larder room for storage. There is also a door to a w.c and door to the rear entrance room with a vinyl floor, three storage cupboards and door to the rear parking area with space for two vehicles.

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FURTHER INFORMATION

REFERENCE NUMBER:

MF35740E.

OPENING HOURS:

Retail Shop: 9:00am to 5:00pm Monday to Saturday.

Production Unit: 4:30am to 2:00pm Monday to Friday.

TENURE:

Retail Shop: Leasehold with a 5 year lease running to December 2024.

Production Unit: Leasehold - Holding over from an original 3 year lease dated November 2007.

RENT PAYABLE:

Retail Shop: £9,600 per annum.

Production Unit: £4,125 per annum.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the existing leases or to the grant of new leases.

RATES PAYABLE:

Retail Shop: £898.20 per annum.

Production Unit: £424.15 per annum.

Both currently with the benefit of a 75% Retail Discount.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

EPC:

The Energy Performance Certificate (EPC) for the retail shop shows a ‘D’ rating and a score of 93, whilst the EPC for the production unit has a ‘C’ rating and a score of 63.

PRICE:

£POA (Price on Application).

For the benefit of the Goodwill. Stock and Assets are payable in addition at valuation on completion. This is a business for sale as a going concern by way of a share purchase of the existing Limited Company on a cash free/debt free basis.

VIEWING:

Strictly by appointment only, please get in touch to make an appointment.

FINANCE:

We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

BUSINESS TO SELL:

Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

PREMIER MARKETING:

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DISCLAIMER

1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.