Greengrocers for sale in Edinburgh

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Leasehold Price: £100,000 Price Reduced Turnover: £140,000 Gross Profit: £65,526
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Business Description
BUSINESS

Hilton Smythe is delighted to welcome to the market this long established greengrocer business in Edinburgh. The business was established in 1912 and has been in our clients careful hands since 1988.

The business is only now being offered to the market due to our clients desire to take a well-deserved retirement. The business is open 6 days a week and generates a fantastic turnover in the region of £140,000 per annum with a gross profit of approximately 47%.  

D F McLeod is a well-established greengrocer that has been trading for over 100 years. The shop has a vast loyal and repeat customer base. Our client has maintained a fantastic reputation with the customers over the many years he has run the business. The shop benefits from having no competition from large supermarkets.

The shop sells a wide variety of produce including fruits, vegetables, a range of soups, ice cream, handmade chocolates, a selection of cheeses, chutneys, meats, deli counter rolls, high end groceries, oils and tinned foods. The shop prides itself on selling products you don’t find in supermarkets for reasonable prices.

We are advised the shop has many loyal Spanish and Italian customers, our client has expanded the product lines to cater for this market, which has proven to be very popular. The products include quality chorizos, habaddo beans, Spanish cheeses, rice’s, real pasta and rice’s from Napoli.

This is a tremendous opportunity to own this highly desirable business, an early viewing must come highly recommended to avoid disappointment.

LOCATION

D F McLeod is situated on a busy main road location, amongst a parade of complementary businesses. The area is a highly desirable and densely populated pocket of Edinburgh. The shop is located approximately 10 minutes drive away from Edinburgh city centre and Edinburgh Train Station.

Edinburgh is the capital city of Scotland, It is the second most populous city in Scotland and the seventh most populous in the United Kingdom. Edinburgh has a population of circa 487,500 and lies at the heart of a larger urban zone with a population of 778,000.  The city has long been known as a centre of education with 4 universities within close proximity to the business.

The city's historical and cultural attractions have made it the second most popular tourist destination in the United Kingdom after London, attracting over one million overseas visitors each year.  

Historic sites in Edinburgh include Edinburgh Castle, Holyrood Palace, the churches of St. Giles, Greyfriars and the Canongate, and the extensive Georgian New Town, built in the 18th century.

PREMISES

Double fronted parade premises, briefly summarising:-

The premises is situated on a retail parade and features an eye catching exterior display with prominent signage. The exterior is finished in a vibrant green colour and has large windows. The windows bring a lot of light in to the premises, which provides a bright and airy feel.

The entrance leads to the main sales area, the area is fitted with high quality wooden shelving on the left side, used for displaying products and to the right side are chillers, used for displaying vegetables, fruit, meats and diary products.

To the rear of the shop floor is a serve over refrigerated counter displaying produce, with a preparation area, wooden wall display and a drinks chiller. In front of the counter are further display racking.

A store room is in place to the rear of the premises, which is accessed via a door at the back of the sales area. The store room is fitted with a counter and sink area.

Further wooden displays are situated in front of the premises

TENURE

We are advised leasehold. Our client owns the freehold. Lease terms to be negotiated.

HOURS

The business is open: Monday - Friday: 7am - 8pm Saturday: 8am - 5pm Sunday: Closed

STAFF

The business is owner run and managed with the assistance of 1 full time and 1 part time staff member.

FINANCIAL PROFILE

We are advised the business generates a turnover in the region of £140,000 per annum and a gross profit of approximately 47%.

Tenure: Leasehold

Listed by: Hilton Smythe
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