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£0 £1000000

Traditional Butchers Established 1934 Essex

Brentwood, Essex

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For Sale

£124,995 +SAV

Ref: 14226-C J

Leasehold

Overview

Hilton Smythe welcomes to the market Olivers Butchers, which specialises in locally reared meats and locally produced vegetables. Olivers has been long established in the area having traded since 1934. Our client has owned the business since 1971, who is now looking to retire.

Having won many competitions over the years for its burger and sausage recipes, including the coveted title of The Supreme Winner of the National Sausage Championship. There is a sausage menu with 53 types of award winning sausages, plus others to choose from.

As Olivers Butchers has traded from the same main road location since 1971 the business has an excellent local reputation and offers local daily deliveries; however, there is further scope for growth to this already profitable business, which could open 7 days rather than 6 days per week.

Hilton Smythe highly advise early viewing to avoid disappointment.

Turnover
Olivers Butchers generated an advised turnover of circa £619,000 as of the 2019 accounts, with a gross profit of 39%. and net profit of £58,975

The business is run and managed by our client, with the help of 4 part time & 3 full time members of staff.

The business opening hours:

Monday - Thursday: 7am – 5pm
Friday: 6.30am - 5.30pm
Saturday: 6.30am - 3.30pm
Sunday: Closed


Olivers Butchers is located in Hutton, just outside of Brentwood, Essex.

The business is located on a parade of shops on the main road through Hutton, with high footfall and a very large local trade, being set in a high residential location.

There is customer parking directly outside the premises.

There is a large glazed shop front giving a complete view of the shop itself. The shop has a prominent canopy over and has space to the front for display wheelbarrows.

The shop is entered directly off the main road, has quarry tiled flooring and a double display freezer unit, a double display fridge unit, display shelving for jams & chutneys and a bread shelf.

The serving area is dominated by the large L shaped meat counter; behind are 2 sets of Avery scales, cooked meat slicer, a further set of scales and 2 x vacuum pack machines.

There is a door to the meat preparation area with quarry tiled floor, door to the kitchen and to the outside. Within the preparation room are 2 x chopping blocks, 2 x stainless steel preparation tables, Avery scales, 2 x vacuum pack machines, mincer, hydraulic sausage filler, cooked meat chiller and a large walk in fridge.

The kitchen has a sink, dishwasher, microwave, wall units and a storage cupboard.

The rear courtyard houses the lockable outside walk in freezer and shed housing the cooker for hams.

Tenure
We are advised the business is being sold as a leasehold business opportunity.

Original lease length: 21 years.
Remaining lease length: 10 years as of 2017.
Rent: £11,400 per annum.


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