Hilton Smythe is delighted to welcome to the market this well-established and busy greengrocery and convenience store business, which is ideally located within the town of Longridge, Lancashire.
The business was established by our client in 1996 and is only now being offered to the market, due to our client's desire for a well-deserved retirement. The business currently operates 6½ days per week and generates a turnover in the region of £209,600 per annum, with a gross profit of approximately 19%, according to the 2016 accounts.
Our client offers a wide variety of goods including fresh fruit and vegetables, flowers, groceries, dairy products and pet food, to name a few. The shop boasts 57 sq. metres of floor space, is very well maintained and fitted out to suit the trade. To the first floor is a flat, consisting of a lounge, kitchen, bathroom and bedroom. The flat would make ideal owners' accommodation, but could be let out to generate further income, should a new owner desire.
The business has built up an excellent reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours and extending the range of products offered. A new owner could also embark on a modest marketing campaign to highlight the goods and services offered. The business already has a social media presence, with a page on the popular website Facebook, which has 137 likes.
This is an excellent opportunity for a new owner, perhaps a husband and wife team, to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Freehold.
A Leasehold option is also available at £69950 + SAV. With a new lease to be agreed and rent at £800 per month.
HOURSThe business is open:
Monday - Saturday: 8.30am - 5.30pm
Sunday: 10.00am - 2.00pm
STAFFThe business is owner run and managed with 1 x part time staff member.
FINANCIAL PROFILEThe business generates a turnover in the region of £209,600 per annum, with a gross profit of approximately 19%, according to the 2016 accounts.
Applejacks occupies substantial two storey premises, ideally located within the town of Longridge, near Preston, Lancashire. The business is situated on Berry Lane and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a high volume of footfall and passing trade. The shop also benefits from free on-street parking to the front of the premises.
Longridge is a medium-sized town and civil parish and is a gateway to the Ribble Valley and Forest of Bowland. According to the 2011 census, Longridge had a residential population of 7,724. Many of the building are built from locally quarried sandstone and there are several Blue Heritage Plaques proudly displayed on the side of historic buildings.
The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is Preston, which is approximately 8 miles away. Junction 32 of the M6 motorway is also 8 miles away, giving easy access to the national A-road and motorway networks.
Substantial two storey premises, ideally located in a prime trading location, briefly comprising:
Serve over counter with electronic cash register.
Shelving to left perimeter wall for fresh fruit and vegetables.
Central display stand with household and convenience items on both sides.
Shelving and racking to right wall for household items.
Open chiller unit for dairy items and soft drinks.
First floor with:
Storage area adjacent to flat with WC.
Pavement display area.
There is a 58 plate Ford Transit van included within the sale.