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BUSINESS REFERENCE : EB024 / RightBiz RETAIL FRUIT AND VEGETABLE OUTLET | | | | | | Retail Fruit and Vegetable Outlet Confidentially offered for sale Ref No: EB024 Location:Mid Wales Asking price £85,000 | | | BUSINESS LOCATION: | Undisclosed Mid Glamorgan UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Fruit & Veg Shop | | SALE: | Agent Sale | LEASEHOLD: | £85000 | | | | | | | | | | | BUSINESS DETAILS: | This well established and highly respected business was established in 1981 and aquired by its present owners in 1996. It is located in a small town with a population of approximately thirteen thousand people within commuting distance for Shrewsbury. It has built itself a reputation as the best retailer of fresh fruit and vegetables in the area. It is known for having very high standards for quality and these have been the reason for its ongoing success.
All produce is bought and delivered daily from midlands based wholesalers and tight management ensures that stock turn is never longer than three days. Approximately twenty per cent of its turnover is supplying the local wholesale market. The company runs two vans and is financially sound.
Customer Service:
The business has a loyal customer base that relies on friendly and efficient service and competitive prices. They can be confidant that quality standards remain high and that they are able to select their purchases from a broad and varied range of fruit and vegetables.
Key Strengths:
The business has no borrowings
Well positioned in secondary retail area
Extremely well known in the area
Strong customer base
Great supplier relationships
Opportunities:
There is a good opportunity to grow this business by attacking the wholesale market and supplying local hotels, restaurants, pubs and guesthouses.
Employees:
Two partners, Six part time staff including one driver
Advertising and Marketing:
The business does not advertise
Premises:
The business occupies a well-decorated and brightly lit shop with a large single street-facing window. It is situated in a pedestrian walkway within a hundred metres of the prime retail area of the town. The premises are leasehold at an annual fee of £7500:00. There is a further three years of the lease to run. The lease is renewable.
Financial Information:
All financial information will be made available under the auspices of Turner Butler and subject to signed letters of confidentiality. The business generates sales in the region of £265,000 and records gross profits circa 40% or £105,000. Net profit before drawings are around £40,000
Reason for Sale:
The partners now wish to sell the business to follow a new commercial venture
Support and Training
A full and seamless handover will be made available for a period to be agreed as part of the overall negotiations. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | EB024 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
