Hilton Smythe is delighted to welcome to the market David Hughes Butchers. We are aware the business was first established in the 1980’s. Over the years the business has built up a healthy amount of repeat loyal custom.
Our client first took over the shop in 2005 but is now reluctantly selling the business due to the desire to take a well-deserved retirement. The owner has worked hard to run this profitable butchers to its full potential.
The business is well-known in the area for its great tasting and high quality products. This is a family butchers that offers quality meat and also runs as a delicatessen selling hand-made pies and pastries. They also offer a tasty range of baguettes which are great sellers.
The business generates a healthy income from the sale of its products. We are advised the current turnover for the business is around £160,000 per annum with a gross profit of 51% as of the 2016 accounts. The business has a large fully equipped bakery to the rear. We feel the bakery side of the business should be expanded further in order to boost this already fantastic turnover. Outside catering and deliveries would also be a great arm of the business to look into.
Above the store is a self-contained flat which has three bedrooms. This would be perfect as a rental opportunity; producing a further income. The flat could also be used as an owner’s accommodation if the purchaser was willing to relocate to the area.
This is a perfect business for an experienced new owner. Hilton Smythe highly advise early viewing to any purchaser looking to buy a business in this trade.
David Hughes Butchers is located in Nottingham, Nottinghamshire.
The shop is situated on a bustling retail parade just off a main cut-through road. There is a generous amount of business along this road such as a fish and chip shop, charity shop, florist, post office a Co-op and much more. These stores benefit from the free on street parking that is directly outside. Behind this row of shops is a large housing estate from which the business receives much of its trade.
The road on which the business is located receives a heavy amount of footfall daily as this is a main road that connects to several A-roads in the town. The M1 motorway is within close proximity which is great for commuters. Nottingham centre is just a short 10 minutes drive away. Directly outside of the shop is a bus stop which has regular routes into the town.
The business boasts a substantial sized premise. The building is double fronted and looks presentable. There are stickers in the large windows which promote products available.
Shop area with:
Service waiting area
4 x refrigerated serve-over chillers, 3 x tills, 2 x scales, 1 x meat slicer, 1 x tenderiser, electric chicken spit roaster, chest freezer, hand wash, butchers block, walk in fridge (fully racked)
Pot wash area/preparation room (use this area for filled cobs preparation)
Work tops, under-counter fridge, wall storage cupboards, sink, handwash.
Rear preparation room with:
2 x vacuum packers, steam cooker, Ban saw, large mincer, sausage filler, triple deck gas bakers oven, electric dough mixer, ham boiler, 2 x John Hunt pie machines, electric pastry roller, 4 x burner cooker, single deck oven, 2 x sink units, butchers block, 2 x scales, 2 x hand-wash, 5 x s/s prep tables, 2 x block tables, bagel press, racking storage, all tins and molds.
Large walk-in Chiller – fully racked
Walk in Freezer – fully racked.
w/c and cloakroom
Self- contained 3 x bed flat (2 x double + 1 x single) bathroom, kitchen and lounge.
Separate external access.
We are advised the business is Leasehold.
Original lease length: 10 years
Left on the lease as of April 2016: 2 years
Review period: 5 years
Rent: £2,025 per quarter
The business is open-
Monday: 7am – 4:15pm
Tuesday: 7am – 4:15pm
Wednesday: 7am – 2pm
Thursday: 7am – 4:15pm
Friday: 7am – 4:15pm
Saturday: 7am – 1:30pm
The business is run and managed by our client with the help of 1 full time and 2 part time members of staff.
The business generates a turnover in the region of £160,000 per annum as of the 2016 accounts.
With a gross profit of around 51%
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