Two Popular Fruit & Veg Stores in Suffolk

Bury St Edmunds, Suffolk
REF: INT1976

Asking Price:
£185,000
Annual Turnover:
£400,000
Annual Net Profit:
£61,973
REF: INT1976
Photo of Two Popular Fruit & Veg Stores in Suffolk
Photo of Two Popular Fruit & Veg Stores in Suffolk
Photo of Two Popular Fruit & Veg Stores in Suffolk
Photo of Two Popular Fruit & Veg Stores in Suffolk

Overview

Tenure:
Leasehold
Established:
2016
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Wide Variety of Products & Services

This is a fantastic opportunity to acquire two popular fruit and veg stores, which are ideally located in Bury St Edmunds and Newmarket.

The business was first established in 2016 and since opening its doors, the company has experienced significant growth and success, due to its niche produce and offering of quality and exotic fruit and veg.

The two successful fruit and veg shops sell a wide variety of fresh produce and exotic goods from around the world, including fruits, veg, oils, vinegars, spices and herbs, rice, noodles, as well as a choice of frozen products.

The popular business has a very loyal customer base due its vast choice of produce, with many customers travelling from further afield to visit the stores. The clientele also comprises many locals in the area, having built up a renowned reputation in the local community.

The business has a range of 5* reviews on Google, with high praise based on the quality of the food, the unique choices, and helpful staff and service.

In Bury St Edmunds, the business currently operates from an ideal location along the high street, with lots of passing footfall. This business is situated in a two-story building; however, the lease only covers the ground floor. The fruit and veg are often displayed in boxes at the front of the shop creating an attractive shop front. The main shop area consists of shelving, a drinks fridge, freezers, and a till area. There is also a stock room and toilet facilities located to the rear of the premises.

The Newmarket store is located just off the main shopping street, which is popular with tourists and locals alike. They display produce on the pavement in front of the shop. The Newmarket shop is slightly larger, with a till and counter towards the rear. The store has several chillers, fridges, freezers, a stock room, a toilet, and a side entrance for deliveries. Although there is a little bit of competition in Newbury, no shop offers the same produce as this business.

This would be the perfect opportunity for someone in the food and catering sector, who is interested in a niche food business. No previous experience is particularly necessary, just someone with a keen interest to extend an already flourishing business.

Having already established two shops in East England, there is huge scope to open further stores, as this is a very scalable business model.

Additionally, the new owner could look into expanding the wholesale side of the business.

Furthermore, there is a brilliant opportunity to begin completing further deliveries and to grow website orders, providing the business with further trade.

The business already has a working website and is taking advantage of social media platforms (Facebook and Twitter), but it would be advantageous to operate an Instagram due to the popularity of visuals.

The current owners are happy to offer an initial transitional period, in order to ensure there is a smooth and efficient business handover.

Features

Key Information

  • Delivery Services: In-house

Reputation

  • Google: 4.4

Online Presence

  • Facebook: Yes
  • Twitter: Yes

Website: www.farawayfoods.co.uk

Location

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  • High Street Location
  • High Footfall
  • Nearby Car Parking
  • Limited Competition

Property

Annual Rent
£15,816
Annual Rates
£1,250
Lease Term (Years)
TBC
Lease Expiry (Year)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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