Sold

Exceptional Greengrocers

Birmingham, West Midlands

£38,000 +SAV

Ref: B04628

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Description

Hilton Smythe welcomes to the market, Hughes Fruits and Greengrocers.Hughes Fruits & Greengrocers was founded by the current owners over 35 years ago during which time it has become a feature of the local area and is popular and well used with an impressive number of regular customers, many of whom are known on a first name basis by the current owners who are well liked and respected members of the local community.The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wishes to take a well-earned retirement.The owners are keen to see their well-loved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.Hughes Fruits & Greengrocers is a traditional and well stocked Greengrocers selling;• Fresh Fruit and Vegetables • Nuts and dates• Eggs• Bottled water• Cut flowers• Shrubs and bedding plants• Pot plants• Miscellaneous and seasonal itemsScope To Improve 1. Advertising and marketing campaign 2. Maximise the use of social media particularly Facebook and Twitter 3. Website to extol products stocked ideally with an on-line ordering facility 4. Introduce complimentary products 5. Extend the opening hours6. Employ a florist and cater for weddings, funerals, special events etc7. Introduce a delivery service, lots of older residents locally who would find this usefulReasons To Buy• A well-established business with an enviable reputation and many existing customers • Prime trading position in a busy shopping area, on a main road with loads of footfall• Everything included in sale making this a real Turnkey business opportunity • Ideal owner managed or partnership business • Current owners happy to offer a handover to ensure the continued success • A real opportunity to increase turnover, current owners have been running at a pace to suit.• The premises have just had a new roof installed at a cost to the current owners• Little or no competition locally Hilton Smythe highly advise early viewing to avoid disappointment.This great little business is likely to attract considerable interest.

Tenure

Leasehold

We are advised that Hughes Fruits & Greengrocers is being sold as a Leasehold business opportunity. The existing 3-year Lease has approximately a year remaining, but we are further advised that the landlord would be happy to negotiate a mutually acceptable Lease with a new owner. The rent is £19,000 per annum which is reasonable given the size and location of the premises.We are advised that the business rates payable are approximately £9000 per annum.

Hours

Monday to Saturday 8.00am Till 5.30pmSundays Closed

Staff

The business is run and managed by our two clients with with the help of 4 part time members of staff.

Financial Profile

Hughes Fruits & Greengrocers generated an advised turnover of circa £280,000 as per the 2017 accounts with a gross profit of approximately 35%.

Location

Hughes Fruits & Greengrocers is Located in Acocks Green in Birmingham.Acocks Green is an area and ward south of Birmingham. It is name after the Acock family who built a large house there in 1370. Acocks Green is one of four wards making up Yardley formal district. It is occasionally spelled “Acock’s Green. It has frequently been noted on list of unusual place names. The 2001 census recorded that there were 26,635 living in Acocks Green.Acocks Green has very good transport links to Birmingham City Centre and Solihull. Birmingham’s Moor Street and Snow Hill, And Solihull stations can both be reached in under 10 minutes by train from Acocks Green railway station while Spring Road railway station is on the Stratford-Upon-Avon line and also goes to Moor Street and Snow Hill.Many bus routes are operated by National Express West Midlands, Acocks Green Bus Garge, Located on Fox Hollies Road, including the Outer Circle (11A/11C) which is the longest urban bus route in any European city at 27 miles long. Hughes Fruits & Greengrocers is ideally situated in an unusually busy and vibrant shopping area, it is in a main road position and sits alongside other complimentary retail businesses, both independent and national chains and thus benefits from high foot fall and passing trade.The business is nicely presented and maintained with with clear visible signage and distinctive green livery. There is a low cost, shoppers carpark diagonally opposite the premises along with on street parking further down the road.

Premises

Hughes Fruits & Greengrocers occupies an end terraced retail unit and briefly comprises:GroundFloor Shop• Long and generously proportioned shop with window and wide entrance to front creating a light and airy interior• Window display area • Marble effect flooring • Suspended ceiling with fluorescent lighting• Customer serving area with two tills and weighing machines • Bespoke perimeter fruit and veg racking to both sides with adjustable shelving• Floor space for bulk displays and special offersRear StockroomConcrete flooring and loads of floor storage space.First floor Office / Kitchenette With base unit and complimentary worktop above with space for kettle and microwave and much more, several chairs for staff to use during their breaksStockroom With a walk-in chiller, currently used for storage only but could be reinstated by servicing and re-gassing.Flower RoomTables and perimeter shelving used for the preparation of floral displays, door to roof terrace.An 05 reg Volkswagen Luton Van is included in the sale.There is an allocated parking space to the rear of the premises.

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