£0 £1000000
£0 £1000000

Well Known and Prime Located Butchers

London, City of London

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£79,950 +SAV

Ref: 12398 J

Leasehold

Overview

Hilton is delighted to welcome to the market Rayner K & Sons. There has been a butchers on this site for over a 100 years and our clients have owned it since 1990. The business is well known and is very well supported by the local residents. The business generates a healthy turnover of £172,000 and has a gross profit of 29%. K Rayner & Sons is a traditional butcher’s which caters for barbeques, parties and family dinners offering first class quality meat. We feel the business could possibly reach its full potential by extending the opening hours, starting a delivery service or add a takeaway food menu for example hot meat sandwiches and meat pies to bring more trade into the shop especially being in the town centre this could really benefit the business. We have also been advised that the lease for the business is very flexible and can uphold a A1, A2 and A3 license which can really benefit the business in the future. Early viewing of this exceptional business with a loyal and long standing client base is highly recommended. The butchers only now comes to the market as our client looks towards a well-deserved retirement.

Turnover
The business reports an annual turnover of £171,578 and has a gross profit of 29%

The business is currently run by the owner and his wife.

The business is open from: Monday – Saturday: 8:00am – 6:00pmSunday – Closed

K Rayner & Sons Butchers is located in Leytonstone, London. The butcher’s is situated in a prime trading location in Leytonstone town centre on the corner of a retail parade which includes other thriving businesses and residential homes nearby. The town centre is currently undergoing a redevelopment scheme with improvements such as new paving, seating and planting of trees and flowers to improve the aesthetics of the town centre. The business is in one of the most desired trading location directly opposite Leytonstone tube station which the business benefits from the passing trade and high footfall.

The business premise is a single fronted fitted with a pull over canopy on a parade of shops. The shop is filled with chilled cabinets and chillers to keep the meat fresh and cool throughout the day. Behind the counter is a wooden worktop, till and scales with a whiteboard above stating the specials and deals of the day. The butchers is also fitted with a prep room which is used mostly for storage. There is also separate accommodation to the business which can be accessed via the rear of the property and includes a large family kitchen, large sitting room, family bathroom, separate toilet and stairs that lead to the second floor which hold 2 large double bedrooms. To the rear of the premise is a large yard which is currently blocked off but could be retained and it is also the home to a storage shed and staff toilet. Equipment included in the sale: L Shaped Glass Fronted Chilled Meat Counter Open Meat Upright Meat Display Chiller Glass Topped Chest Meat Chiller Large Walk in Chiller (approx.4 X 3 m)2 wood blocks Shelving TillButchery equipment 3 Chest Freezers

Tenure
We are advised that the business is Leasehold.From May 2016Original lease length is 15 years and the lease has 14 ½ years left on the lease.Rent £32,000 per annum.

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