Hilton Smythe welcomes to the market Hutchings Bros. This is a family run business that was originally established in 1972. The business was then passed down to our client in 1993. The owner is now looking to sell, due to the desire to focus on other business interests.
The business runs as a fresh fish and frozen seafood specialist, offering wholesale and distribution services. The wholesalers have a large client base across the south coast regions with a large amount of repeat loyal trade; growing year on year.
Hutchings Bros generated on advised turnover of around £1,909,752 as of the 2017 accounts. Although this is an exceptional turnover, we feel there is scope to boost this figure. The business is currently running from a warehouse in Bournemouth, we feel the purchaser could look to expand premises to allow for more trade.
Our client recently introduced a sales representative which has increased turnover by £200,000 per annum. With more representatives, the business could see a massive increase in trade. A business website and Facebook page would be a great way to advertise the wholesalers.
Hutchings Bros would make a great bolt-on business. The business has a great reputation and comes fully equipped. 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.Location
Hutchings Bros is located in Bournemouth, Dorset.
The business is set just off a main high street in Bournemouth. There are ample retail outlets and eateries, this includes some well-known branded businesses and independent retail stores. In the area are hair salons, an off licence, barbers, takeaway, tattoo shop, newsagents, Post Office and much more.
Bournemouth is a coastal town, receiving huge amounts of footfall day on day. This bustling seaside resort boasts ample visitor attractions and days out. Tourists can visit the 7-mile beach or the 2,000 acres of parks and garden space.
This is a popular area not too far from the sea front. The location is well connected by the public transport system with bus stops located close by. Pokesdown train station is also just a short 10-minute walk away. The A338 arterial A-road is a short drive away from this location. This is a main road that runs into the centre of Bournemouth and further connects to more A-roads at Ringwood.Premises
Hutchings Bros is located just off the main high street. This is a secure property with ample parking outside.
The property briefly comprises: -
Four walk in freezer rooms.
Two walk in refrigeration rooms, one with large lobster tank.
Double room administration offices.
Fully equipped preparation room with stainless steel units, tiling splash backs and wash down fixtures and fittings.
Ancillary and staffing areas.
Driveway and off road parking.
Delivery van fleet, all diesel and refrigerated vehicles:
The business is being offered on a virtually freehold basis, with a long lease available, subject to a ground rent of £10,660 pa.Hours
The business opening hours: -
Monday - Friday: 4:30am – 1pm
Saturday: 4:30am - 12pm
The business is run and managed by our client, with the help of one part time sales representative, one part time driver and eleven full time members of staff.Financial Profile
Hutchings Bros generated on advised turnover of around £1,909,752 as of the 2017 accounts.