Freehold Supermarket Florist & Garden Centre | | Undisclosed West Midlands | | WEST MIDLANDS FREEHOLD SUPERMARKET FLORIST & GARDEN CENTRE Highly visible location Est over 30 yrs, spacious premises Diverse mix incl building supplies, garden ctr florist & supermarket A/T: £1,013,231 GP: £275,567 NP: £118,827 Scope to extend hrs | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61769
ADVERT IMPRESSIONS : 22,395 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Supermarkets | | SALE: | Agent Sale | FREEHOLD: | £890,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business occupies a high visibility location on the edge of a residential area in the West Midlands.
HISTORY
The business was founded by the present vendor over 30 years ago
REASON FOR SALE
The business is only now being reluctantly offered for sale as the vendor wishes to retire
PRODUCTS
The business has a diverse mix which includes a supermarket, florists, garden centre, fruit and veg and building materials & pet food supplies
CUSTOMERS
The customers of the business are almost all drawn from within the local community
SERVICES
The business rents an area to a mobile telephone company to erect a mast and receives rent of £4,500 per annum
STAFF
The business has 5 full time staff including the vendor and 14 part time who each work approx 16 hours per week
TRADING HOURS
Mon to Sat: 9am to 6pm
Sun: 10am to 4pm
FINANCIALS
2010 2009
Sales 1,013,231 908,285
Gross 275,567 256,601
Net 118,827 84,331
Stock holding: £110,000
PREMISES
Spacious ground floor lock up premises with first floor mezzanine area in bay 1 which has 2 offices, a kitchen/canteen area and male and female W/Cs.
Bay 1 on the ground floor is primarily used as a supermarket
Bay 2 is a large florists & pet supplies
The rest of the bays are used for storage
Outside is used as a garden centre and building supplies, together with a large car park
The premises are fully alarmed and have the benefit of a 1 camera CCTV system.
STRENGTHS
An extremely well established business which has been trading for over 30 years
High visibility location on the edge of a residential area
Diverse product mix of a supermarket, florists, garden centre and building materials
Very consistent annual turnover of over £1 million with a gross margin of circa 27%
SCOPE
Expand the supermarket partially into the next bay and increase the product range
Develop part of the large car park for other uses such as a chip shop
Open earlier in the mornings and longer on Sundays
Apply to have the national lottery.
TENURE
Freehold
Rates: £18,000 per annum
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9998WV / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
