Well established Retail Fruit and Vegetable Shop in Halesowen

Leasehold Price £33,500  

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Property Details

City Business Brokers are delighted to bring to the market this very well-established concern which enjoys all the considerable commercial advantages of a highly visible and much sought-after trading position in a busy shopping centre in Halesowen. 

Operating from substantial, secure and extremely well-fitted one storey premises with town parking, the business currently primarily conducts a popular retail operation of an extensive selection of high-quality fruit, vegetables, plants and deli essentials displayed to their very best advantage in bright, spacious and well-appointed surroundings.

The business was established around 25 years ago and has been in the careful and successful ownership of our client for the past 7 years.  The business is well-known in the town and boasts a large customer base, as well as a loyal and well-trained workforce and excellent supply chain.  It occupies a prime retail location with no similar competition. The business comes fully fitted and all fixtures, fittings and equipment are included in the sale. It only now comes onto the market due to our client’s wish to concentrate on other business ventures.

The business has a website and Facebook page.

Trading Hours:            Monday to Saturday 9.00am-5.00pm

Staff:                            2 Full-time, 7 Part-time

Rent:                            £20,000 per annum

Lease:                          The current lease expires March 2023

Rates:                          £5,239 (50% reduction)

Turnover:                    £448,875 (2020/2021).  Pre-Covid £559,773 (2019/2020)

Stock is additional to the asking price (£6,000 approx).

Note: An agreement is in place to install a meat counter.  There are no butchers in the shopping centre so there is potential for expansion.

It would naturally furnish any enthusiastic purchaser with ample scope for continued growth, not least with regard to still further expansion of the retail products and services currently provided and to operate extended hours in order to fully exploit year-round local retail demand.

The business would benefit by adopting a more vigorous marketing policy of its excellent existing products, particularly with reference to the possible introduction of online advertising, in order to improve upon the already very respectable levels of turnover and profitability it is achieving in the hands of our client. There is also the potential to find wholesale customers to increase turnover. We would strongly recommend the earliest possible viewing to avoid disappointment.

A full profile is available once a non-disclosure agreement has been signed.

All enquiries to City Business Brokers.

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.

All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.

Note: Library images may have been used for display purposes

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