Greengrocers And Florists In Indoor Market For Sale in West Midlands County- Business 4 Sale .co.uk

Business Summary

HISTORY

• Established 40 years
• Last 25 years in current location

REASON FOR SALE

• Genuine retirement sale
.
FINANCIALS

• Accounts will be made available after a formal meeting with the owners

2010 Sales £313,006 pa
Gross Profit £251,165 pa
Adj Net Profit £31,399

NB.
• The adjusted net profit comprises of a net profit before tax of £29,419 together with £973 depreciation and a further £1,007 finance costs
• Greengrocery annual sales: circa £226,000
• Floristry annual sales: circa £87,000
• The annual salary bill is £46,406

PRODUCTS

• Extensive selection of traditional seasonal fresh fruit and vegetables
• Fresh and artificial flowers/arrangements
• Floristry equipment and gardening sundries/ornaments

CUSTOMERS

• Mainly from the local area with a high number of repeat sales.

STRENGTHS

• Two businesses for sale for the price of one
• Excellent trading position
• Genuine scope to develop further
• Excellent retail display units
• Extremely well established

EQUIPMENT & FITTINGS

• 7.5 ton Renault lorry
• Fruit & vegetable display units with mirrored backing, shelves and storage
• Three Salter scales
• Customer shopping baskets
• Sales counter
• Six electronic cash registers
• Four electronic weighing scales
• Walk in cold room
• Aluminium preparation bench
• Electronic weighing machine
• Santon hot water heater
• DAB radio
• Fax machine
• Microwave
• Cling film heat sealing machine
• Concrete tier display

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property Information

	Property:	Leasehold

	Lease Terms:	• A rolling lease for the fruit & veg unit • Monthly rental for the flower stalls

	Living Accommodation:	No

	Details of Accommodation:	• The business occupies three extremely well fitted for purpose retail units, which briefly comprise of the following: Unit One • Equipped for the retail of fresh fruit and vegetables Units two & three • Houses the floristry items

	Location:	• Main indoor Market Hall • Town High Street • Surrounded by many complementary retail outlets • Huge footfall • Excellent links to major roads • Good customer parking facilities

Growth Potential

• Working owner can increase profits and sales immediately
• More marketing of the existing product ranges especially online
• Introducing wholesale greengrocery supply services to other local retail and catering establishments
• Introducing a floristry agency with relay and delivery work
• Reducing the salary bill

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Staffing

• One full time
• Six part time assistants
• Husband/wife team

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