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Wednesday 18th of Oct 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£45,000

Busy Somerset Fruit & Vegetable Retailer Premium Advert

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Reference1248 / RightBiz
Status
FOR SALE
Advert ID191617
LocationWellington, Somerset
SectorFruit Businesses, Greengrocers, Retail
Leasehold Price£45,000
Annual Turnover£300,000
Annual Net Profit£37,000
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Date Ad Submitted
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
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