Hilton Smythe welcomes to the market Wholefoods, a name synonymous with the area having been located there since 1983 and in our client’s ownership since 1996. Our client is looking to retire
Wholefoods is a health food shop which specialises in healthy food and supplements and sells in the region of 4500 lines, the company prides itself on selling its products with the knowledge of them, which brings customers back time and time again.
The mail order side of the business has customers from across the UK from as far as Devon and even Scotland. These are mainly former customers, who continue to use Wholefoods due to its customer service and knowledge. The mail order side of the business is one thing that could be expanded to increase turnover.
Over the last few years the owner has integrated new systems to include EPOS system, card machines to include American Express, a full redecoration scheme.
The business thrives on word of mouth advertising only and does not have a website or social media pages.
Wholefoods is a profit-making business which does have scope for development by looking at the following
• Create an ecommerce website to enhance the mail order side of the business
• Introduce social media pages to promote any ongoing promotions
• Utilise the floors above to provide a consultancy
• Utilise the floors above as a mail order room
• Consider Sunday opening
• Consider opening past 5pm, to attract bus commuters
Hilton Smythe highly advise early viewing to avoid disappointment.Location
Wholefoods is located in central Bedford, Bedfordshire, in a prime position opposite the main, busy bus station in the main shopping centre.
There is car parking only a few hundred yards away, which our client has an annual permit for at £180 per annum.
The shop has signage to the front and has 2 floors above that could be sublet or utilised in a different way.
Bedford has a population of circa 170,000 people and is a central hub for many visitors coming from far and wide.Premises
The main shop is entered from the front and has a small area outside for displays
The shop has 2 main aisles and a service counter to the front. The service counter has 2 EPOS tills, card machine, ice cream freezer.
There are 2 display fridges on entering the shop and a further display fridge to the rear.
The aisles are filled with whole foods including
• Jars and Dried,
• Vitamins and minerals
• Healthy snacks
• Drinks and much more.
• There is a also set of weighing scales.
Off the main shop is the office, store room and stairs to the first and second floors.
Office includes desk, computer system and CCTV monitor.
The store room has numerous shelving and racking and a secure door to the outside store area for bins and packaging, from here is a secure gate to the rear service yard for deliveries.
From the first-floor landing are the stairs to the second floor and a door to the staff kitchen.
Kitchen is fitted with units, sink, fridge etc and has a door to a lobby with storage and doors to the staff room and packing room.
The staff room has soft seating and a window to the front
The packing room has shelving for produce, scales etc. This room is used to pack and label the merchandise; however, this area could be utilised as the main room for mail order.
On the second floor is an emergency exit, separate toilets and a large room to the front of the building with views across the bus station. This area could eb utilised as a consultancy room.Tenure
We are advised the business is being sold as a Leasehold business opportunity with a Lease that expires June 2023, with an annual rent of £18,250.
Rates are currently paid at £9350 per annumHours
The business opening hours:
Monday - Saturday: 9.00 am – 5.00 pm
Sunday opening should be considered, so too should opening later in the week to attract bus commuters.Staff
The business is run and managed by our client, with the help of 1 x full time member of staff.Financial Profile
Wholefoods generated an advised turnover of circa £360,668 as of the 2017 accounts, with a gross profit of £150,154 and a net profit of £44,146.
The assets being sold with the business are in the region of £30,000