Freehold Green Grocers in Highly Sought After Area
Price:
Freehold - £490,000
Location:
South Yorkshire, Doncaster
Business Type:
Retail businesses
The particular highlights of the business are:
- Offers a friendly local service.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £380,000 pa with a net profit of £44,819 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides fresh fruit, vegetables and flowers.
History
Phoenix Business Transfer Agents are delighted to place onto the market this excellent fresh fruit and vegetable store, which has been established since 1970. The business has been in the hands of the current owner since 1996 and they now wish to sell due to personal reasons.
Services
This very good business opportunity provides fresh fruit, vegetables and flowers.
Staffing
The concern employs two part-time staff and the wages are £10,800.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business some 3 miles away.
Market
The client base consists of the public and a small amount of commercial customers supplying local restaurants and hotels with fresh produce.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include a couple of late nights.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Expanding the commercial side of the business
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
The present annual turnover is £381,987 with a gross profit of £216,290 and a net profit of £44,819. The wages are £10,800. The present value of the stock is £2,000.
The potential turnover of the business within the next 2 years is forecast to reach £563,978 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in the Southern Doncaster of South Yorkshire.
- Prominent location on main arterial road.
- Part of a parade of shops with some 15 units.
- Excellent free parking facilities nearby.
- Surrounded by densely populated residential area with local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
Monday to Saturday: 07.30am - 5.30pm
North Yorkshire
£ 750,000
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