Greengrocers for sale in Southend-On-Sea

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C. McFarquhar (Apr 2017)
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Leasehold Price: £24,995 Price Reduced Turnover: £140,000
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Business Description
Business
Hilton Smythe welcomes to the market Broadway Fruits, which was established by our client in 2005 on the site that has been a greengrocer since the 1950’s. Our client is now looking forward to retirement.

Broadway Fruits sells fresh local merchandise including:

• All fruit and veg
• Flowers
• Pickles
• Jams
• Chutneys
• Nuts

During the Christmas period Broadway Fruits also, stocks Christmas trees and other Christmas products.

Having been a greengrocer shop since the 1950’s, Broadway Fruits has an established customer base.

The business is being sold with a Facebook page.

Although the business is well established and profitable there is scope for development by considering the following:

• Introducing a website for promotion of the business
• Further promotion on Facebook
• Look to employ another staff member

There are many reasons to buy the business including:

• Established business
• Prominent location
• Private parking to rear of premises
• 40% gross profit margin

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Broadway Fruits is located in a prominent location on a prime shopping parade with parking directly outside and over the road from Thorpe Bay train station.

The business is surrounded by a highly populated residential area close to the sea front and Thorpe Bay, which is just outside of Southend, Essex. Thorpe Bay is an affluent highly populated area which also has a tourist trade.

Broadway Fruits is located at the head of the main one-way shopping street which leads to the sea front and is surrounded by other shops including a convenience store next door that bring a high footfall to the area.

Premises
Outside to the front of the shop is a covered area which is currently used for the display of flowers and plants that are for sale.

Double opening doors lead into the main shop area with tiled floor and well stocked two tier displays to the side walls and the rear wall.

There is a central display and shelving to the front for local pickles, jams, chutneys etc along with a stand for nuts etc. The till and scales are at the entrance of the shop.

From the main shop is a door to the rear which leads to the large store room with shelving and a large walk in chiller.

There is also an extra till and set of scales which can be brought into the main shop area.

To the rear of the store room is the kitchen and toilet.

To the rear of the premises are two garages which come with the business. These are accessed by a rear access road.

Tenure
We are advised the business is being sold as a Leasehold business opportunity.

The lease was signed in 2005 for 15 years and expires November 2020.

A new lease will be available and the rent will be circa £15,000 per annum.

The landlord will be flexible about renewing the lease.

Hours
The business opening hours:

Monday - Saturday: 7.00 am – 5.00 pm
Sunday: Closed

Staff
The business is run and managed by our client.

Financial Profile
Broadway Fruits generates an advised turnover of circa £140,000, with a gross profit of circa 40% and a net profit of circa £20,000

The assets being sold with the business are worth in the region of £5,000

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04715
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