UNDER CONTRACT - Thriving Diversified Artisan Butchery In Newcastle Sales Of $1,643,459 In FY2023
UNDER CONTRACT - Thriving Diversified Artisan Butchery In Newcastle Sales Of $1,643,459 In FY2023
Industry :
Food/Hospitality - Butcher ;About the business
This Artisan Butchery provides fresh local produce across the Newcastle region and represents a once in a generation opportunity. It has been Established 34 years and has traded from it's current location for over 13 years.
Profit Under Management $300,000+
This is not a typical retail outlet in a shopping precinct but a stand alone warehouse style operation situated in a fantastic inner city location amongst high end residential demographics. The business provides ethically sourced fresh local meat, small goods, sausages, seafood, and Gourmet Take Home Meals and enjoys high margins as there is no wholesale division. The spacious tenancy would easily accommodate the addition of ancillary products should that be required.
Accountants' reports show consistent annual sales of between $1.6mill and $1.8mill with average earnings under management in excess of $300,000 p.a. (a working owner would earn more again)
It is secured by a strong lease, the rent is reasonable and there is an opportunity to sub-let some upstairs office space if so desired. One of the highlights of this business is its excellent staffing structure including a manager, chef and qualified tradespeople.
There are opportunities to further improve the business and it is envisaged that an enthusiastic new owner will be keen to discuss these as yet unimplemented strategies with the current ownership. There is a growing trend and increased demand for local, fresh, ethical community engaged offerings which cannot be matched by the retail chains this is a one off opportunity to make it yours.
The owners would like to retire and envisage a timely transition with full training for the incoming buyer.
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$550,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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