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Fruit & Veg Retailer Manchester City Centre

City of Manchester, Manchester
Leasehold Price:
£149,995
Status
FOR SALE
Advert ID
247409
Reference
6916 / Rightbiz
    Popular Shopping Centre Location

    Annual Turnover £520,000

    Gross Profit £175,000

    Further Financial Info Available After Viewing

    Established 2007

    Handover Period Offered

    Well Equipped

    Storage Area Included

    CCTV Fitted Throughout

    No Immediate Competition

    Scope For Online Presence

    Potential To Expand Product Range

    Scope To Change Use

Description:
REF 6916 – Leasehold Fruit & Veg Retailer
Blacks Business Brokers are pleased to bring to the market this leasehold fruit and veg retailer located within The Arndale Shopping Centre, Manchester.

INTRODUCTION
Strawberry Gardens Ltd was established by our client in this busy shopping centre in 2007. The stall offers a range of fresh fruits and vegetables and is very well known. It has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this city centre trading position. Our client has ensured the business has an excellent reputation.

LOCATION
Strawberry Gardens Ltd occupies a prominent trading position within the bustling and highly sought after Arndale Shopping Centre. Arndale Shopping Centre is positioned in the centre of Manchester and is filled with a range of retailers, eateries, large multiples and offices. Parking is available in the surrounding area and public transport links are excellent.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's family commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The current lease is a five year lease which began in 2016 at a cost of £1,125 per week.

STAFF
The business operates with six members of staff supporting our client working on a full time basis.

FINANCIAL DETAILS
Strawberry Gardens Ltd has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover of £520,000 with gross profits of £175,000. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This well established fruit and veg business occupies an enviable position within a bustling shopping centre. There is plenty of scope to develop the business further with the implementation of a website with ordering service and a strong marketing drive. There is also potential to expand the range of products available to possibly include bread or other every day fresh items. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Strawberry Gardens Ltd operates from a single storey, purpose built retail unit within the shopping centre. The business has large branding and signage displayed and tiled flooring throughout. Our client has fitted CCTV throughout along with refrigerated display units, shelving and electronic weigh scales. Included in the lease are two storage units and one walk in freezer – these are positioned on the lower ground floor which is accessed by staff only.



Fixtures & Fittings:
Shelving
Epos Till x 3
Refrigerated Fruit & Veg Display
Single Fridge
Weighing Scales x 3
Walk In Fridge (Located In Downstairs Storage Area)
CCTV


Opening Hours:
MON - SAT: 09:00 - 18:00SUN: 11:00 - 17:00


Weekly Rent:
£1,125 Per Week. Weekly Rent:
£1,125 Per Week.
Listing Details
Leasehold Price: £149,995
Tenure: Leasehold
Location: City of Manchester, Manchester
Sector: Market Stall Businesses, Convenience Stores
Financials
Annual Turnover: £658,434
Annual Net Profit: £11,069
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6916 / Rightbiz
What's nearby
Within 1 milei:
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St. John's House (Point Of Interest)
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Listing Statistics
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