Extremely well established Healthy Food business for sale
Church Stretton, Shropshire
- Asking Price: £87,000 +SAV
We are advised as per the 2021 accounts, the business generated a turnover in the region of £300,000, with an adjusted net profit in the region of £35,000. Full financials can be made available upon further request.
Please quote reference B06489
- Tenure: Leasehold
Please quote reference B06489
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Entertaining Elephants Limited which is a well-established business with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
There has been a Whole Foods shop at these premises since 2001 and the current owner has been running it as Entertaining Elephants Limited since 2013. The business has flourished under her ownership with many regular and returning customers and turnover increasing significantly each year.
Alas the time has come to sell this wonderful business, only due to a wish to take a well earned retirement.The vendor is keen to see her beloved ethical food and lifestyle shop pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.
Entertaining Limited Is an independent, family run business that prides itself on its products, friendly and relaxed atmosphere and exceptional customer service. Described in the Slow Travel guide to Shropshire as ‘ more chic than chickpea’ they stock a selection of natural and organic foods including vegetarian, vegan, gluten-free and dairy free options. There are local products too, ranging from traditional pork sausages and bacon to organic porridge, honey, cakes, free range eggs, farm milk and artisan bread.
The business houses a carefully curated collection of items including a choice of environmentally friendly cleaning products, natural soaps and shampoos and organic beauty products. Upstairs specialises in ethical fashion including ethical brands including Thought, Komodo, Mudd & Water and Eribe knitwear. The business also sells a range of design-led gifts and home accessories.
Scope to improve -
- Advertising and marketing campaign
- Maximise the use of social media particularly Twitter and Instagram
- Update the existing website ideally adding an e-commerce facility
- Extend the opening hours
- Explore online voucher discounters such as Groupon and Wowcher.
- A well-established business with an enviable reputation and many existing customers
- Low running costs with inexpensive rent and no business rates
- Prime trading position with little or no competition locally
- Current owner happy to offer a handover to ensure the continued success
- Ideal owner managed or partnership business
We are advised that the business is owner run and managed, with the help of 3 part-time and 3 self employed casual members of staff.
The business hours are -
Monday – Closed
Tuesday – 09:00 – 17:00
Wednesday – 09:00 – 17:00
Thursday – 09:00 – 17:00
Friday – 09:00 – 17:00
Saturday – 10:00 – 16:00
Sunday - Closed
Entertaining Elephants Limited is located in Church Stretton.
Church Stretton is a market town in Shropshire, 13 miles south of Shrewsbury and 15 miles north of Ludlow. The population in 2011 was 4671. The town was nicknamed Little Switzerland in the late Victorian and Edwardian period for its landscape and became a health resort. Today Church Stretton is a busy market town in the Shropshire Hills Area of Outstanding Natural Beauty. The A49 runs through the Stretton Gap, connecting Shrewsbury to the north with Ludlow and Hereford to the south.
Entertaining Elephants occupies a prominent position in the town and sits alongside other complimentary retail businesses and thus benefits from good levels of footfall and passing trade along with regular custom. The business is nicely presented and maintained with clear visible signage. There is free parking in the shared car park with the Co-op which is nearby.
Entertaining Elephants Limited occupies two floors of an attractive, grade 2 listed, 17th century timber framed barn in the centre of Church Stretton. The business is beautifully presented and maintained with with a pleasing upmarket feel and comprises a generous open plan retail space on the ground floor and a further retail space and store room on the first floor.
We are advised that the business is being sold on a Leasehold basis, with 1 year remaining on the 10 year lease. The rent is £10,000 per annum.
The landlord will negotiate a new 5 year lease. The rent will increase to £11,000 per annum with a rental review every 2 years.