Leasehold Fruit& Veg Shop In Chinnor Oxfordshire For Sale

Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £312,000 with a net profit of £100,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owner wishes to retire.
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this very successful fruit and veg business which has been established since 1979. The business has been in the hands of the current owner since 2003 and he now wishes to sell due to retirement.

This very good business opportunity provides fruit and vegetables of high quality to both private and commercial clients. The owner also stocks concrete figurines, flowers, and bird food.

The concern employs 4 staff. 0 are full time and 4 are part time. They are paid at the rate of £5.73 per hour. The total wage bill is £300 per week. All staff would stay on after a sale.

The owners’ role is very hands on and he works full time in the business.

The owner does no marketing for the business and has not got a website.

As far as competition is concerned there is no competition locally.

The client base consists of mainly private clientele and also nearby businesses such as care homes and restaurants to which they deliver daily.

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising..
• Increasing the product line to include a larger range of products.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• By really concentrating and marketing to the commercial clientele. There is a huge opportunity there.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Financial Details
The present turnover is £312000 per annum with a gross profit of 50% and a net profit of £100,000. The wages are £15,000 pa. The present value of the stock is £3,000 and the fixtures fittings and equipment are worth £10,000.
In 2008, the turnover was £300,000. The potential turnover of the business within the next 2 years is forecast to reach £400,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 15 years with 15 years remaining. The rent is £10,000 pa with a review in 3 years. The rates are £1,000 pa.

Leasehold rent:

£10,000 per annum

Location:

This superb business opportunity is situated in Chinnor in the County o f Oxfordshire .It is on the main arterial road through the village and enjoys much traffic flow and there is a good foot flow of pedestrians. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking nearby.
The area attracts many shoppers who use the area on a daily basis and there are many local facilities and many other retailers. There are also busy industrial estates nearby. It is on a corner plot. There is a new development underway for a further 340 houses locally.
The location is well linked with the M40 and the railway station close by. The locale offers a good lifestyle opportunity.

Premises details:

Property Details
The property is terraced and is part of a parade of shops and is approximately 25ft x 100 ft. The front is branded with an attractive glass front. It is air conditioned. The main customer service area is tiled with a middle aisle and shelving and racking to the walls. It is very well presented and is very conveniently laid out. To the rear is a store room with a cold room and preparation area. There is a small office and a further large dry storeroom.There is a toilet and staff facilities and a fully equipped kitchen.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £5,000. there are also 2 vans included in the sale price which are valued at £5,000.
External
To the front there is parking.
To the rear there is a concreted area for parking.

Other information

Support & training:

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Reasons for selling:

Retirement sale

Trading hours:

The business operates from Monday to Friday between 6.30am and 5 pm. On Saturdays the hours are 6.30am to 1pm and on Sunday the business is closed.

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£3,000