For Sale

Remarkable Well Established Family Run Butchers

London, City of London

£229,995 +SAV

Ref: B04402

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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Description

Hilton Smythe are very excited to present to the market one of London’s oldest and most highly regarded independent family Butchers with an attractive turnover in excess of £1.5m.

This remarkable Butchers first opened its doors in 1848 by the Hillman Family and now enters its 5th generation.

The business is now being offered to market due our clients wish to retire.

The business comes with an extremely high level of goodwill with excellent relationships in place with both suppliers and customers.

The Butchers is predominantly supplying catering customers with over 150 loyal accounts which include Restaurants and Pubs.

Our client advises 80% of turnover is derived from catering accounts and 20% from retail walk in customers.

The Butchers offers a wide selection of Meat, Poultry and Game with speciality cuts available on request.

They make their own range of sausages and burgers as well as a wide range of additional retail products including:

• Smoked chickens
• Salt beef
• Belly pork
• T bone steaks
• Eggs
• Sauces and more


The business is currently run to suit our client, there is no current advertising campaign in place, website or social media presence.

A new buyer could easily increase the already very high turnover by attracting new customers.

A new lease will be offered to any new buyer and full handover.

Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity with a new 20 year lease being made available.

Rent is negotiable.


Hours

Monday 6.30-5.30
Tuesday 6.30- 5.30
Wednesday 6.30-1.00
Thursday 6.30- 5.30
Friday 6.00 - 6.00
Saturday 6.00 - 6.00
Sunday Closed


The business could easily extend Wednesday opening times as well as Sunday's.


Staff

The business is run and managed by our client, with the help of 5 x fulltime members of staff.


Financial Profile

Hillman Butchers generated an advised turnover of £1,528,001, with a gross profit of £277,627 and adjusted net profit of £210,000.

Location

Hillman Butchers is located on the very busy Kilburn High Road, Kilburn, North London.

Kilburn High Road is well known for its extensive choice of independent retailers, supermarkets and high street brands/banks. Kilburn is approx 3.75 miles northwest of Charing Cross and sits in between South Hampstead and Queens Park, many famous attractions are within walking distance including Abbey Road Recording Studios and Lords Cricket Ground.

The business is located just off the A5 which connects drivers from Brent Cross into the centre of Marble Arch.

The business is located centrally between 2 mainline train stations Brondesbury and Kilburn High Road. Nearest tube is Kilburn on the Jubilee line.

The Butchers benefits from traditional black and gold external signage with parking space for the 2 delivery vans directly outside.

Our Client informs us majority of the catering customers they deliver to are located within a 5-mile radius from the shop, with many top restaurants within central London.

Premises

3 x Delivery vans
Ground Floor


• 6 M glass fronted display chiller
• Open window display chiller
• 4 x double width upright glass fronted display chillers
• 3 x butchers blocks
• Sausage filler
• Mincer
• Large section of butchery equipment
• Till
• Card machine
• Stainless steel prep tables
• 6m x 3m walk in chiller
• Large double fronted chiller
• Shrink wrapper
• Vacuum packer
• 2 electronic scales
• Meat slicer
• Air con unit


To the Rear:

• Small office
• Small mezzanine area (for storage only)
• Prep area
• Prep sinks
• Shelving
• Covered store area


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