Leasehold Health Food Shop For Sale

Business description

Bag a Business is pleased to offer to the market this exceptional opportunity to purchase an extremely profitable business in Mid Wales, which offers a plethora of prospects to develop the turnover further. The business was established in 1978 and has been resident in its current building since 1990. The business is only now being placed on the market due to our client's wish to concentrate on his fashion retail outlets. The business currently enjoys a turnover in the region of £250,000 per annum with a gross profit of 35%. The business occupies a four storey building, which, we have been informed, the council landlord will negotiate a 99 year lease on. The turnover is derived from the sale of frozen and chilled health foods, supplements, vitamins, minerals, food ingredients and a selection of tablets and herbs. A large proportion of the business sales come from exclusive rights to sell Ristora, Moors Mud and Medeherb, this has resulted in a highly profitable mail-order business. A prospective purchaser could immediately improve turnover by establishing a website, from which to sell these unique products, as well as other products that the business stocks. We feel this is an excellent base for a new owner to build upon by, perhaps by proactive marketing, developing a website and opening new outlets.

Property information

Property:

Leasehold

Lease terms:

Long leasehold
Original length: 75 years
Remaining length: 19 years
Review every: 5 years
Rent: £16,000 per annum

Living accommodation:

PROPERTY DETAILS The business occupies a four storey building of brick construction situated situated underneath a pitched tile roof, briefly comprising: GROUND FLOOR Retail area with display cabinets Perimeter shelving Display gondolas Chillers for foodstuff Freezers for foodstuff Rear storage Access to the first floor Access to the cellar FIRST FLOOR Mail-order preparation room Two store rooms Family bathroom Office Kitchen SECOND FLOOR Two rooms that appear to have been utilised previously as living accommodation

Location:

This health food centre is ideally situated, at the heart of the retail centre of a thriving town in Mid-Wales. The shop is located within a row of complementary businesses and benefits from a lack of direct competition in the area. The town is a haven for tourists all-year round, with its impressive pier, castle and electric cliff railway. The town has an extensive cultural and historic reputation with the famous University and wide selection of hotels. The town is generally regarded as the capital of Mid-Wales and is less than 2 hours from Cardiff, Swansea, Wrexham and Shrewsbury.

Other information

Trading hours:

Mon - Sat: 9.30am - 5.30pm