Archived
Highly rated greengrocer for sale
East Riding of Yorkshire, East Riding of Yorkshire
- Asking Price: POA
-
Turnover:
We are advised as per the 2022 accounts, the business generated a turnover in the region of £285,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07285
Hilton Smythe are delighted to welcome to the market The Store On Pier Street, a highly rated greengrocer in Hull.
The Store On Pier Street was established by our client in 2018, and has proven to be extremely popular within the local area, building up an excellent reputation and regular customer base.
The business has now come to the open market due to our clients desire to pursue other business interests.
The Store On Pier Street are an independent grocery-convenience store who support the local economy & community. They aim is to bring the most exciting & quality local produce, by working with producers & suppliers across Hull & Yorkshire.
The business has agreements currently in place for local deliveries of milk, fruit, newspapers to nearby businesses & residents. There is a ready-to-go website with a local & ethical delivery partner with a big opportunity to grow this part of the business, delivering direct to consumers. They also trade at farmers markets and food and drink events with the business. Big opportunity to grow visibility and sales via this route. Food & coffee to go is very popular for workers at lunch with the opportunity to expand this further.
They work with a number of innovative and exciting local producers and suppliers providing some amazing produce including:
- Fruit and Vegetables
- Freshly Baked Bread
- Yorkshire Meat
- Yorkshire Cheeses
- Yorkshire Soups
- East Yorkshire Eggs
- Hull Roasted Coffee
- Yorkshire Teas
- Hull Honey
- Hull & Yorkshire Beer
- East Yorkshire Cider
- Hull and Yorkshire Gin
- East Yorkshire Wines
- North East Lincolnshire Fruit Wines
- Yorkshire Chutneys and Jams
- Hull Vegan Confectionery
- Hull Ethical Cleaning and Personal Care Products
- Hull Artisan Handmade Dog Biscuits
- Excellent location
- Word of mouth recommendations
- Outstanding reputation
- Local Produce
- Alcohol license
- Delivery Range: HU1 to HU10, HU13, and HU16
We are advised that the business has 4 members of staff.
The current trading hours are -
Monday – 09:00 – 17:00
Tuesday – 09:00 – 17:00
Wednesday – 09:00 – 17:00
Thursday – 09:00 – 17:00
Friday – 09:00 – 19:00
Saturday – 09:00 – 19:00
Sunday – 10:00 – 16:00
The Store On Pier Street is located on Pier Street, in Hull.
The business has eye catching signage and receives high levels of footfall.
Ground floor -
- Service area with ample shelving and display stands
- Bespoke and modern décor and lighting
- Rear storage room
- The front of the shop has external space for outside seating.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 1 year left on the lease. The rent is £7,000 per annum. Our client has advised that the tenant has automatic right to renew lease under the security of tenure and the landlord is happy and willing to negotiate.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
