Busy Somerset Fruit & Vegetable Retailer

Find more details, or book a viewing:
Status
FOR SALE
Advert ID
191617
Reference
1248 / RightBiz

Details

Falcon Commercial are delighted to offer for sale this long established concern which enjoys all the considerable commercial advantages of a fantastic and much sought after trading position among numerous other complementary outlets and with excellent access to major road and motorway links (A38 and M5 junction 26) on the busy main central High Street of the prosperous and historic market town of Wellington near Taunton in Somerset.

Operating from extremely well fitted and presented parade premises, the business currently generates outstanding levels of turnover and profitability from the sale of an extensive selection of traditional seasonal fresh fruit and vegetables displayed to their very best advantage in a bright, spacious and well-appointed retail unit.

Mary Jenkins currently operates on a retail only basis and would naturally furnish any enthusiastic purchaser with scope for continued growth not least with regard to a degree of retail expansion and to the possible introduction of wholesale supplies services to local retail and catering establishments.
The business would also benefit greatly by the possible introduction of Sunday trading in order to improve upon the already impressive levels of turnover and profitability it has achieved since being established some thirty highly successful years ago by a husband and wife partnership with the aid of an experienced and motivated team of sales assistants who would be an asset to any purchaser and we would strongly recommend the earliest possible viewing to avoid disappointment.

The Premises
This is a substantial and well maintained leasehold property which occupies an outstanding and much sought after trading position among other complementary outlets on the busy main central High Street of the prosperous and historic Somerset market town of Wellington. The premises briefly comprise:

Ground Floor
Fitted and presented to the highest trade specifications throughout, the business accommodation on the ground floor briefly comprises of:
•Single fronted public entrance directly off the High Street
•Bright, well-appointed and deceptively spacious open planned retail sales and customer service retail area which we are advised extends to approximately 800 sq ft in total and houses a full range of modern, high quality, fixed and free standing display furniture and shelving for an extensive selection of traditional seasonal fresh fruit and vegetables in addition to a prominent four position point of sale counter area with full complement of till points and weighing facilities etc.
•Fully fitted shop kitchen/preparation area
•Cold store with further
•Large general storeroom with delivery door access to the rear.

Externally
•To the front the business premises are well signed and attractively presented and afford ample and inviting display window space onto a busy town centre retail High Street.
•The property also incorporates a large service yard area to the rear with delivery access providing private, unrestricted parking facilities for approximately 4 vehicles with outbuildings consisting of a toilet block housing all the usual gentlemen’s washroom/WC facilities for the use of the business premises.

Financial Information
Current turnover in the region of £300,000 per annum with scope to increase. GP circa £110,000 and producing a very
healthy adjusted net profit margin of in excess of £37,000.

Tenure
We are advised that the landlord will grant a new lease to suitable applicants the details of which are to be arranged. Rent will be IRO £15,000 per year.

Business Rates & Council Tax
We are informed that the Business Rates currently stand at approximately £6,479 per annum (inclusive of water
charges) and the council tax is to be advised.

Trading Hours
•Monday to Saturday 7.30am to 5.00pm
•Sunday CLOSED

EPC
Commercial EPC rating: E

Location
Wellington is a small country town standing between the River Tone and the beautiful Blackdown Hills. It has a large number of speciality shops from which you can buy a wide range of goods. Local meats and cheeses are available and a farmers market is held every first and third Saturday of the month. There are also several pubs and cafés and, as it is so close to Junction 26 of the M5, Wellington is an ideal place to break a long journey.
Wellington Food Town is a major initiative to make Wellington the 'Food Town' of Somerset and is a partnership between Somerset Food Links, Taunton Deane Borough Council and Wellington Economic Partnership.
The award-winning Wellington Park, which was given to Wellington town by the Fox family in 1903, has been restored thanks to a Heritage Lottery grant. The park was designed by F W Meyer of Exeter firm Veitch and Sons and is an important example of late Victorian design. The Friends of Wellington Park arrange a number of events in the park during the Summer months
Listing Details
Leasehold Price: £45,000
Tenure: Leasehold
Sector: Fruit Businesses, Greengrocers, Retail
Financials
Annual Turnover: £300,000
Annual Net Profit: £37,000
Map
Street View
Listing Statistics
Impressionsi: Login to view
Enquiriesi: Login to view
Interestedi: Login to view
Watchingi: Login to view
Date Ad Submitted: Login to view
Last Viewedi: Login to view
Last Updatedi: Login to view
Last Enquiry Received: Login to view
Find out more details
Or, arrange a viewing
Send a message to the seller for more details, or to arrange a viewing.
Contact the seller for more details, or book a viewing
* required fields
Report this listing
Contact the seller for more details, or book a viewing
* required fields
Tip:
Be specific on the type of details you wish to receive from the seller. This, encourages communication with both yourself and the seller and makes the process smoother.
FAQ:
After my message, what's next?
The seller will be notified instantly that you have sent a message. Please note that replies made back are entirely dependable on the seller.
How will I know the seller has replied?
Once the seller has read your message and replied to you. You will be notified immediatley via email. If the seller is using an agency/broker on their behalf, then an agent will be in touch with you either via your contact number or email.
Disclaimer
The data showed regarding this advert 'Busy Somerset Fruit & Vegetable Retailer - 1248 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.