Hilton Smythe welcomes to the market D W Walters Butchers. This is a well-established butchers that was originally established over 21 years ago, with a different name. The owner is now looking to sell the business, due to the desire to take a well-deserved retirement.
The butchers sees a regular amount of repeat trade. The property is surrounded by a mass of residential properties, from which the business derives most of its trade. This is a traditional butchers shop providing raw and cooked meats. They produce and cook all of their own pies, pasties and sausage rolls.
This is a well-run business that generates a healthy annual turnover of £209,000, with a gross profit of 45%. The butchers has a great reputation and the new owner should look to expand the name, by offering a delivery service to the local area or by setting up an outside catering service.
The business does have a Facebook page, which has over 200 followers. This page is updated daily, with photos of products, promotional offers and further information. Social media is an excellent way of advertising a business for free.
Above the store is a flat, this is let out by the landlord. There is a separate entrance for this flat.
This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
D W Walters Butchers is located in Broxbourne, Hertfordshire.
The business is situated on a retail parade, on a well-used main road. There is a plethora of stores; attracting a high amount of footfall. There is a dry cleaners, Chinese takeaway, bike shop, florist, cafe, hair salon and more. Directly outside are parking bays, this runs the full length of the parade.
The A1170, on which the business is located, is a very busy A-road. This goes straight past the property through to Hoddesdon town. The road links on both ends to the A10, this connects to all major motorway networks. Just a 2 minute walk from the property are several well used bus stops. The closest train station is also a 10 minute walk away.
The premise is well-signed with a large sign across the front of the shop; this is clear and visible to passing trade.
On entrance is a large service counter. This is a good sized shop - there is an open refrigerator on the right hand side of the counter, with packaged meats for customers. Huge service / display counter - it wraps around the shop in a curve, displaying fresh raw meats. There is a work top that follows the units around, for the butcher to work on.
Cold room - walk in fridge behind the counter 4ft x 6ft, scales, meat slicer and shelving for local produce. At the back of the room is a counter.
Through to the rear are the preparation areas. The room is split into two areas, one area has a desk and other office equipment. There is then a partition wall into the next area, which is all one big storage room. From here there is access to the rear of the building and a WC. In the storage room there is a walk in chiller/fridge, this is 12ft x 6ft.
Further equipment includes-
Large ham boiler - cooks 6 large hams
3 x scales
Hand washing sink
Gas oven with 6 hob cooker
Electric bacon slicer
Stainless steel work tops
2 x vacuum packers one for cooked one for cold
Storage cupboard outside with one freezer
There is a flat upstairs, the landlord rents this out separately. The flat has its own access and they own the garden, at the rear. Full right of way front and back onto the premises, 2 concreted car parking spots for the shop only.
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 15 years
New lease available upon negotiation. The landlords are farmers and provide a large amount of stock.
Rent: £10,200 per annum
The business opening hours-
Tuesday - Friday: 8:30am – 5:30pm
Saturday: 8:30am – 4pm
The business is run and managed by our client, with the help of wife and part time members of staff.
The business generates a turnover in the region of £209,000 per annum.
Gross profit 45%
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