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Fantastic Town Centre Trading Location
Latest Accounts To 31st August 2018
Annual Turnover £236,953
Gross Profit £52,079
Accounts Available After Viewing
Good Growth Potential
Registered With the Soil Association
Website with Online Ordering Service
Veg Box Deliveries Within 25 Mile Radius
Vegan & Vegetarian Food Suppliers
EPC - E
REF 6310 – Leasehold Organic & Natural Health Food Shop
Blacks Brokers are pleased to bring to the market this leasehold organic and natural health food shop located in a busy and much sought-after area of Rugby, Warwickshire.
Wild and Free Ltd was established by our client in 2003 after seeing a gap in the market in this area for organic foods. This is an area of great interest to our client and the business has become very well-known with a wealth of knowledge and reliability in this sector. Wild and Free Ltd is registered with The Soil Association and has earned many excellent online reviews and our client had established strong working relationships with ethical, UK suppliers to ensure the best quality products reach their customers and can be offered at a good price. The shop stocks a wide range of organic, natural and specialty foods and also offers custom made vegetable box deliveries which can be ordered via the business’s comprehensive website.
The shop occupies a superb trading position, located on Bank Street in the old and fashionable sector of the town centre of Rugby. This area is well linked with the A428, A426 and A5 and is densely populated commercially, with lots of other local businesses along with large multiples including Prezzo, HSBC and The Post Office. Public transport links are excellent and parking is available in the immediate area.
REASON FOR SALE
The business is only being offered for sale due to retirement. It has become of a size that would suit a partnership or small owner-operating team and presents an excellent opportunity for a new owner to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is five years and began in 2017 at a cost of £201 per week.
BUILDING LAYOUT AND DESIGN
Wild and Free Ltd operates from the ground floor of a spacious, mid-terraced property within a busy parade of shops. The business has a fully glazed frontage with large signage on display which is bold and well-presented. Inside, the shop is over 400 square feet in size and is very neat and well-organised, with shelving and chilled units to the outer walls and a large, central gondola in place. The counter is positioned to the front of the shop with electronic till and weigh scales. To the rear of the shop floor is a private office area, kitchenette and staff toilet. Each area is finished to a high standard and presented well with good quality fixtures and fittings in place. The lease also includes the lower-ground floor which is used as a store room.
The first floor of this property is not included in the lease and at present houses a snooker hall.
The business is currently operating with our client and partner in full-time employment with the support of two part-time members of staff – one Saturday worker and one delivery driver.
Wild and Free Ltd has traded solidly during the last fifteen years. We are advised that the business currently has annual turnover of £236,953 with gross profit of £52,079.
This is a well-established and very nicely presented organic and natural food shop located in the old, affluent and fashionable sector of the town centre. Has a strong vegetable box delivery service which generates income in the region of £40,000 per annum, the business also benefits from having a website with an online ordering service. There is an opportunity to increase the product ranges to include dietary supplements and natural remedies, along with an extension of opening times. Early viewings are strongly advised.
Mon - Fri - 9am - 5pm
Sat - 9am - 4.30pm
Sun - Closed
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