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Established Multi Award Winning Greengrocer Chain For Sale

Wadebridge, Cornwall
Asking Price:
£125,000
Turnover:
£510,000
Net Profit:
Under £50K

Established in 2010 is a thriving Fresh Produce retailer with stores in Bodmin and Wadebridge in North Cornwall. Also offering an award winning Mobile Greengrocer service in the surrounding area and a wholesale sector delivering to over 20 Commercial business including pubs,schools and Nursing Homes.
Currently being run as a partnership turnover is in excess of 500k collectively with a gross profit of between 30 and 40%. Net profit over the past 3 trading years at approximately 35k.
Each store has an experienced manager in place and could be run successfully without any fresh produce knowledge. Rare opportunity to acquire this very well supported multi award winning business. Full training and after support available if required

Property information

Property:

Leasehold

Lease Terms:

Both stores are up for renewal and both landlords are happy to renew leases and are waiting for a new owner to stipulate length required. No rent changes for new lease

Leasehold Rent:

20k per annum

Location:

Both stores trade from prime high street locations. Incredibly busy Mobile service visiting the North Cornwall Area

Premises Details:

Both stores are leasehold with good relations between tenant and landlord. Fresh leases are available to suit the new owners at the time of sale

Business Operation

Expansion Potential:

Lots. Many Cornish high streets would benefit from a fresh produce retail outlet. The mobile service could also be extended to run 5 days a week as it only currently operates for 2.5 days. Turnover for the mobile service is approx 1k per week (2.5 days)

Competition / Market:

Very few traditional greengrocers around these days however we have seen an upturn as consumers trust in supermarket ethics have come into question. We are trading up year on year both in sales, footfall and productivity

Reasons for selling:

With young families both partners would like to reduce their working hours for semi retirement

Trading hours:

8.30am - 5.30pm mon - sat

Employees:
7
Years established:
9

Other Information

Support & training:

Full training and after sales support can be given. All staff have many years experience in running the stores

Furniture / Fixtures value:
£15,000
Inventory / Stock value:
£7,000
Website:
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