Archived
Reputable Green Grocers & Florist For Sale – Open To Offers.
Walsall, West Midlands
- Asking Price: £75,000 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £220,000 as of 2020, further financial information can be made available upon request.
Please quote reference B06915
- Tenure: Leasehold
Please quote reference B06915
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Fruit Shop which is a well-established greengrocers and florist 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.
Fruit Shop was founded over 30 years ago and can truly be said to be at the heart of the local community. The current owner has run it successfully and lucratively for the last 8 years or so and it has been a real labour of love for him, accruing an impressive number of regular customers along with a fantastic reputation for quality, pricing and customer service.
The business is now being sold, albeit reluctantly and with a heavy heart only due to poor health. The vendor is keen to see his beloved fruit shop pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.
Fruit Shop is immaculately presented and well stocked and offers an extensive range of products including;
- Fruit and vegetables
- Eggs
- Bedding plants
- Shrubs
- Bushes
- Composts
Fruit shop typically serves 350 to 400 customers on a non-market day and 600 on a market day.
Scope to improve
- Advertising and marketing campaign, a local leaflet drop often yields good results
- Maximise the use of social media particularly Twitter and Instagram
- Extend the opening hours
- Website to extol the services provided, ideally with an online ordering facility for the florist side of the business
- Consider wholesale, perhaps supply to local pubs, restaurants, homes etc.
- A well established business with an enviable reputation and many existing customers
- Prime trading position in the centre of town with loads of footfall
- Current owner happy to offer a handover to ensure the continued success
- Low running costs with inexpensive recant and no business rates
- Ideal owner managed or partnership business
A van may be available by separate negotiation.
Hilton Smythe highly recommends early enquiry to avoid disappointment. This lovely little business is likely to attract considerable interest.
The business is owner run and managed with the help of 2 part time members of staff.
The business trading hours are:
Monday to Saturday - 08:00am - 15:45pm
Sunday - Closed
Fruit Shop is located in Bloxwich.
Bloxwich is a market town in the Metropolitan Borough of Walsall, West Midlands situated in the north of the borough and forming part of the Staffordshire / West Midlands border.
Bloxwich is well served by public transport and has two railway stations, Bloxwich and Bloxwich North.
Regular buses link Bloxwich with Walsall whilst others link the area to the surrounding towns and cities of Wolverhampton, Bilston, Willenhall, Brownhills, Wednesfield, Cannock and Birmingham. The main bus operator in the area is National Express West Midlands.
Road wise the A34 Southampton / Oxford / Manchester road goes straight through the town and forms it’s High Street. The A4124 Wolverhampton to Brownhills road crosses to the north of the town. Bloxwich is 4 miles from the M6 motorway between Junctions 10 and 11.
Fruit shop is located in the unusually busy and vibrant Market Place in the town and thus benefits from high levels of footfall and passing trade. The business is beautifully presented and maintained with clear visible signage and distinctive livery.
There are a number of free public car parks within easy walking distance of the premises.
The business occupies the ground floor of a purpose built retail unit and is presented and maintained to the highest standard and briefly comprises;
Shop
Open to the front, creating a light, airy and inviting interior , well stocked with vinyl non slip flooring, fluorescent lighting, perimeter shelving and racking, wall mounted security mirror, bespoke counter with till and generous wrapping area, open chiller for egg etc, floristry counter with display vases etc.
Kitchenette
With base units and space for tea / coffee making etc
WC
With close coupled toilet and hand wash basin
Store Room
With walk in chiller ( recent new motor and regassed), fluorescent lighting, perimeter shelving and floor storage space, office area, computer printer and heavy, old fashioned safe.
Externally
To the front of the shop is a large open area that is used for the display of plants, shrubs, cut flowers and bedding plants and which presents a really impressive additional sales area.
Tenure
We are advised the business is being sold on a Leasehold basis with 3 years remaining on the Lease, the rent is £17,500(+VAT) per annum.
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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.
