Sold
Long Standing Butchers Business
Thornton Heath, Surrey
- Asking Price: £385,000 +SAV
-
Turnover:
As per the 2019/20 accounts, the business generated a consistent Turnover of £168,000 with a gross profit to be confirmed.
Gross profit for 2018/19 is just under £44,000.
- Tenure: Freehold/Leasehold
GROUND FLOOR FREEHOLD OR LEASEHOLD OPTION
Leasehold at £19,995 + SAV or Ground Floor Freehold and Business £385,000 + SAV
CoGoGo are delighted to offer one of South East London’s most established independent butchers offering 37 years of trading history. The renowned business is now being offered for sale due to our clients wish to now retire who have advised they will be happy to offer a full business transfer to any new owner.
The business operates as a traditional walk in retail business only, offering mainly English cuts of meat to the local community which includes a very strong local Caribbean customer base.
Our clients focus on quality and continues to personally source the range of meats sourced directly from Smithfield’s market in London. They admit they purposely keep the business to a manageable level due to them both being the only employees of the business.
The shop comes with many areas of potential development to instantly boost current sales levels or if any new owner wishes completely would change the business type to suit their own business. We recommend any new owner looks at any of the following:-
- Create a new website with an online ordering facility
- Extend opening hours
- Boost new awareness of the business through social media & local leaflet drops
- Add a catering arm to the business including outside catering for local parties and BBQ’s
- Add a Hog Roast service
- Add own recipe of burgers, sausages and pies
- Add a cooked meats / deli side / cheese
- Add more linked grocery items, meat rubs and sauces, herbs
- Add a local delivery service or elder customers
A new lease will be made available to suit any new buyer, or the ground floor freehold may be purchased.
The business is run and managed by our clients only.
MONDAY TO SATURDAY - 8.30 to 5.30 pm
SUNDAY & WEDNESDAY - Closed
Peasley Butchers occupies a highly prominent trading position on the busy junction between the A23 and A235. The A23 acts as the main link road from the major suburbs within South East London, Crawley and Brighton to the centre of London.
This part of Thornton Heath is undergoing significant redevelopment with 2 major housing developments being constructed directly across from the business providing 100’s of new people with much needed homes.
The proximity of these sites will benefit all shops along this parade which currently includes a busy post office (located next door to this butchers), cafes, specialist grocery stores, repair garages, estate agents, KFC and AVIVA (London).
The business is also minutes’ walk from Croydon University Hospital.
The business benefits from free customer parking in the adjacent streets as wellbeing across from a main bus stop with routes into nearby Croydon and central London.
The business sits in between 2 mainline stations - West Croydon and Norbury.
Prominent external shop front which includes a window protection canopy
Internal -
Chilled window display fridge and chilled glass fronted service chiller
Service area - includes chest freezer, 2 x new butchers block, 2 x electronic scales, cash till and card machine, wall, mounted air con unit, meat cutter.
Office - includes backup equipment, fridge/ freezer, admin desks, sofa etc. ** This area could be easily incorporated into main shop to extend the current retail space
Kitchen / Prep Area - includes meat mincer, hand wash sink, double stainless-steel prep sink unit, gas oven, storage shelving, wall mounted cupboard, trolley, work benches, microwave. ** side access to private rear yard.
Rear Prep Room - includes large 4m x 3m walk in chiller, prep table, meat hooks, cleaning area, staff toilet
Rear External - Private yard which include further storage potential and compressors.
Tenure
Our clients will offer a new lease for any new buyer with an annual rent of £16,800 paid per annum. Currently the business is under the business rates threshold resulting in no rates being paid.
Leasehold option at £19,995 + SAV or Ground Floor Freehold and Business £385,000 + SAV
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