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Shop for sale

High Street, Lyndhurst, Hampshire, SO43

62 sq. m. | £24,995

Property Description

Commercial information

  • Business for sale
  • 667 sq ft (62 sq m)

Key features

  • REF: 13266
  • LEASEHOLD
  • BUTCHERS

Full description

Tenure: Leasehold

LOCATION
Honeyfords Country Butchers is located in Lyndhurst, Hampshire.

The butchers is situated on a main high street in the town centre of Lyndhurst. This area is filled with a variety of retail outlets, both large brands and independent names. There is a Costa Coffee, clothing stores, cafés, a Budgens, restaurants, gift shop, pubs and much more. This is a bustling town centre that attracts large amounts of footfall each day.

Lyndhurst is known as the capital of The New Forest. This is a historical town that has received visits from kings and queens in the past. The area has many attractions such as the St Michael and All Angels church, which was the main inspiration for Lewis Carroll and Alice Liddell's Alice in Wonderland.

The road on which the business is located is an arterial road in the town. This road connects to the A31 at Cadnam and runs up to Southampton. The area has great public transport and benefits from several car parks. There is a bus stop a short walk away from the property and the closest train station is just a 10 minute drive away.
BUSINESS
Hilton Smythe welcomes to the market Honeyfords Country Butchers. This business was originally established in 1990 and was taken over by our client in 2004. The owner is now looking to sell the butchers, due to the desire to focus on other business interests.

The business runs as a traditional butchers that sells local preserves, cheeses, sauces and fresh meats. The butchers is well known in this location for its great quality products and services provided. During the Christmas festive season the shop also offer meat hampers, this is a great plus that generates healthy sales. Family packs are also available to order throughout the year.

The business is currently generating an advised turnover of around £123,453 as per 2016 accounts with a gross profit of 55%. This is a healthy turnover; however, we feel this could be increased further. The new owner could look to set up contracts with local businesses, such as hotels and other commercial outlets.

A deli range and takeaway hot meals could further expand trade in this busy town centre location. Hot beef sandwiches, flavoured cooked meats and pies could be great sellers. A local gift hamper aimed at tourists may also be a great way to take advantage of the extra trade throughout the year.

This is a fantastic well priced opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
PREMISES
Honeyfords Country Butchers boasts a well-presented retail store. The property is well-signed and looks welcoming. There is a large window at the front, which is used for eye catching displays.

On entrance is the large L-shaped glass fronted serve over chiller. The chiller is used for storing meats and cheeses. To the right there is shelving and a table for products such as eggs and chutneys.

In the window, there is a large rectangle open top meat chiller, used for displays. Behind the counter is a meat hanging rail.

Equipment in the service area includes-

2 x Electronic scales
2 x Large butcher's blocks
Till
Air conditioning unit
Hanging blackboards
Vacuum packet machine
Rotisserie
Cooked meat slicer
Hand wash sink

Through to the rear of the shop, there is a store area and preparation room. These rooms are fully equipped.

Preparation room equipment includes-
Glass topped chest freezer
Stainless steel storage racking
Mincer
Cooking tins
Butchers knives
Ham boiler
Stainless steel preparation bench

Storage room equipment-
4 meter x 3 meter walk in chiller
2 meter x 2 meter walk in freezer

We are advised that the equipment included would cost approximately £25,000 to replace.

There is also a separate ladies and gent's toilets.

TENURE
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 15 years
Remaining lease length: 2 years as of 2016.
Rent: £10,000 per annum
HOURS
The business opening hours: -

Monday - Saturday: 9am - 5pm
Sunday: Closed

STAFF
The business is run and managed by our client.

FINANCIAL PROFILE
The business generates a turnover in the region of £123,453 as per 2016 accounts.
Gross profit 55%



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