Greengrocers for sale in Croydon

View the "Stanley Road Fruiterers Croydon Surrey CR0 3QA." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Freehold Price: £450,000 Turnover: £364,000 Gross Profit: £73,000
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Business Description
Business
Hilton Smythe welcomes to the market Stanley Road Fruiterers, established by our clients over 40 years ago and now offered for sale due to their wish to now retire.

The freehold opportunity offers both rental investment yield as well as a desirable local convenience store goodwill.

The much-loved community store offers a wide selection of fresh fruit and vegetables, large range of grocery lines, frozen food, household items, cold drinks, confectionery and bread.

Majority of the sales are derived from local walk in customers as well as some local deliveries to some loyal elderly customers.

Opportunity to increase sales could be achieved by adding alcohol lines and extending the opening times.

The first floor living accommodation is currently let to the same tenants for over 4 years achieving £925 pcm.

There is further opportunity to develop the ground floor rear space and garden to create a further 1-2 bed living space.

Full handover offered.

Location
Stanley Road Fruiterers is located on Stanley Road in Croydon, South East London.

This popular business is located on a small parade of local shops and brick-built housing on the outskirts of central Croydon.

There is free customer parking directly outside the business as well as pay and display metered parking at the top of the street.

Croydon is undergoing massive redevelopment with several large housing projects within 2 mins walking distance of the business. The mainline station connects commuters to central London in approx 30 mins.

Premises
Front external - large pavement space used as additional display for fruit and vegetables.

Ground floor

• Main shop includes,
• Retail shelving to left,
• Right and rear sections,
• Central service counter
• Till,
• Card machine,
• 2 x double glass fronted chillers,
• 1 x upright glass fronted fridge,
• Large open deck chiller,
• Large chest freezer,
• 2 x smaller freezers.

Rear section includes storeroom, kitchen, bathroom and rear external access which could further developed into additional living accommodation.

First Floor

Separate front entrance leading upto a beautifully presented self-contained flat which includes a double bedroom, open plan living room with dining space and contemporary kitchen, bathroom with shower facilities. Stairs lead up to the attic space which includes a further 2nd double bedroom.

Cellar

Accessed from service counter area in the shop and includes large shelves storeroom approx the same floor space as the ground floor shop area.

Rear external

Private garden with own access, several storerooms, garden shed with walk in cold room.

Tenure
We are advised the business is been sold as a freehold opportunity.

Hours
opening hours of the business are Monday to Saturday, 7.30 - 7.30 with Sunday closing.

Staff
The business is run and managed by our clients only who work full time.

Financial Profile
Stanley Road Fruiterers generated an advised turnover on the 2016 accounts of £358,140, with a gross profit of £51,603 and net profit of £30,997.

he business benefits from full small business rate relief.

Tenure: Freehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04256
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