Under Offer
Extremely well established Butchers business for sale
Greater London, City of London
- Asking Price: £49,995 +SAV
-
Turnover:
We are advised as per the 2020 accounts, the business generated a turnover in the region of £285,000, with a net profit in the region of £50,000. Full financials can be made available upon further request.
The 2021 accounts show a turnover in the region of £315,000. Net profit in the region of £60,000.
Please quote reference B06657
- Tenure: Leasehold
Please quote reference B06657
Please contact the agent for further information, please do not call the business.
Hilton Smythe is delighted to present to the market GG Sparkes Traditional Butchers, one of London’s top rated independent butchers businesses, first established in the area in 1952.
The ‘turn-key’ opportunity is now being made available for sale to allow the current owner to retire however we have been informed a full business handover will be offered to ensure the smooth transition.
GG Sparkes supplies traditional farmed meats specialising in rare breeds, free range & organic.
The passion for excellence is seen in all aspects of the business, selling the best produce, sourced from trusted suppliers/UK farmers.
Meats are sourced both locally from Smithfield market and further down the country in Devon. Sue Fildes supplies award winning pure rare breed Berkshire pigs, red ruby/Aberdeen angus/Longhorn cattle. Devon and Cornwall longwool lambs.
GG Sparkes has previously featured as one of the top 15 butchers in London in the book ‘Meat London’, an Insider’s Guide.
Recommended by chefs such as Rick Stein and Gary Rhodes.
Our client was one of the first butchers to source and support organic farmers/meat.
Currently the business concentrates on walk-in trade only with the supply of a couple of local cafes they have known for many years.
Current range includes –
- Ethically sourced cuts of meat & poultry
- Award winning sausages & burgers
- Pies, haggis, free range dry cure bacon
- Locally sourced farm eggs
- BBQ kebabs, meat boxes
- Breads & rolls, morning bakery goods
- Cooking sauces, marinades & jams
- Organic & Fairtrade coffee
Key selling points –
- Walk in trade only, opportunity to add deliveries & online sales
- Opportunity to add wholesale customers
- Potential to add a mobile shop/trailer unit
- Option to extend the current opening hours
- New council lease term to be offered
- Nil business rates
- Large unit with rear access
We are advised that the business has 1 full-time and 2 part-time members of staff.
The business hours are -
Monday – Closed
Tuesday – 9:00am – 4:00pm
Wednesday – 9:00am – 4:00pm
Thursday – 9:00am – 4:00pm
Friday – 9:00am – 4:00pm
Saturday – 9:00am – 4:00pm
Sunday - Closed
GG Sparkes Traditional Butchers occupies a much sought after trading unit on Dover Road in Blackheath, South East London.
The very well-known butchers sits along a busy parade of busy independent businesses which includes a fish & chip shop, hair salon, barbers, opticians, pharmacy, florists, cafes & coffee shops, laundrette, pet shop, car sales garage, newsagents as well as facing Blackheath library.
Blackheath is known for its expansive heath of the same name, tranquil Blackheath attracts families for ie easy commute and village feel. It straddles the border of the Royal Borough of Greenwich and the London Borough of Lewisham.
The business is easily accessible off the A2 which links both Dartford and Bexleyheath to Blackheath and nearby Greenwich.
Nearest mainline station is Westcombe Park.
There is free customer parking on the same and nearby streets as well as in the nearby M & S customer car park.
Ground floor –
- Retail space
- L-shaped service counter area
- Rear kitchen/preparation area
- Office
- Toilet facilities
- Dishwashing area – access to rear lane
Tenure
We are advised that the business is being sold on a Leasehold basis, with a new 10 year lease available as of 2022. The rent is £1,250 per month.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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