Innovative Natural Food Business

Sheffield, South Yorkshire
REF: 02971

Asking Price:
£135,000
Annual Turnover:
£615,000
Annual Net Profit:
£50,000
Featured
Reduced
Recently Sold
REF: 02971
Photo of Innovative Natural Food Business
Photo of Innovative Natural Food Business
Photo of Innovative Natural Food Business
Photo of Innovative Natural Food Business

Overview

Tenure:
Leasehold
Established:
1988
  • Excellent Reputation
  • Huge growth potential

An innovative and lucrative food sales business, with an enviable reputation within the Crookes area of Sheffield, is looking for an equally innovative new owner or group of owners. Established in 1988 by the current owner, this business has been successfully trading in this popular community for over 28 years.
Trading from an an affluent area with access to many local residents and Sheffield's large student population; it also caters to the food service industry meaning that business is constant throughout the year. There are seasonal boosts to the turnover due to retailing bedding plants in summer, pumpkins in autumn and Christmas trees in winter from a good sized outdoor retail area, directly to the side of the shop.
The business is in a brilliant state financially and, with a new person behind the wheel, it could move forward rapidly, possibly even leading to an expansive platform.

The business sells a wide range of fresh, natural, locally sourced produce, primarily fruits and vegetables, to the people of Sheffield. Although it still focuses on fresh groceries, the business has moved far beyond its origins as greengrocers, now selling spices, herbs, olives, Asian foods, raw goods, naked food bars, oils, preserves and many other types of food.
It functions from a 2 storey premises with the upper level floor currently being used for stock storage, large cold storage and also includes an office with CCTV and a WC facility.
Fixtures and fittings value is high and included in the price. The premises had a full bespoke re-fit 10 years ago and include: 3 EPOS system Avery Tills, a juice machine, Alarm and CCTV system, refrigerators and refrigerated units as well as digital advertising TV’S.
Stock is laid out in a fashion typical of a greengrocer but with a very wide range of stock and added stock lines such as organic cooking equipment and supplies. This appeals to the health conscious individual or family who appreciate the extensive variety and choice of produce on offer.
Stock is not included in sale and is to be in addition to the asking price. This also applies to the 2 Mercedes Vans used by the business.

Intelligent Business Transfer is excited to offer for sale a unique, diverse and popular business in a fashionable area of Sheffield. The business has adapted as times have changed and, as such, has a reputation for catering to fashionable foodies all over Sheffield. As it has evolved into a cosmopolitan, metropolitan business, this shop has increased its customer base to encompass a good proportion of Sheffield. This has driven profits and income up to a consistently high level, with turnover exceeding £600,000 and low overheads keeping the business reliably moving forward.
Current opening times are Mon to Fri 9am to 7.30pm and Saturday 9am to 5.30pm. The management and staff fully operate the shop when the owner is on holiday and have all worked in the business for a long period of time. Residents and caterers trade with the business, providing a solid income all year round. Increased trading, including the possibility of trading on a Sunday would allow the future owner to make the most of this trend, increasing the business's income as a result. Even more profitable opportunities lie in increased advertising and marketing, where innovative approaches and just a little more investment can increase profits even more.
The current owners are leaving to pursue other business interests and are willing to negotiate a transition period to hand over the business smoothly.

Features

Online Presence

Website: Face Book

Location

Property

Annual Rent
£16,500
Annual Rates
TBC
Lease Term (Years)
10 years remaining
Lease Expiry (Year)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

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