Long-established Greengrocers in Hull

Hull, East Yorkshire
REF: 05469

Asking Price:
£119,950
Annual Turnover:
£341,531
Annual Net Profit:
£60,000
Recently Sold
REF: 05469
Photo of Long-established Greengrocers in Hull
Photo of Long-established Greengrocers in Hull
Photo of Long-established Greengrocers in Hull
Photo of Long-established Greengrocers in Hull

Overview

Tenure:
Leasehold
Established:
1996
  • Competitive prices
  • Locally-sourced produce
  • Fruit, vegetables and flowers offered
  • Central location
  • Excellent reputation

A brilliant opportunity has arisen for an interested buyer to acquire a well-established greengrocers in the heart of Hull.

Trading since 1996, the business has amassed an excellent reputation amongst the local community, best known for its fresh and locally-sourced produce.

This is a fantastic opening for a potential buyer to take on a reputable business and develop upon its large and loyal customer base from its highly prominent location.

Currently operating as a greengrocer 7 days a week, the business offers a range of fresh local produce including fruits, vegetables and flowers. Its customer base consists of the general public and ample passing trade, particularly appealing to students for it is special offers, competitive prices and locality.

The business operates from a spacious and fully-stocked premises located on a busy high street. Upon entering the property, the customer is greeted by an abundance of fresh and colourful produce. Various fruit and vegetable stands and shelving which houses this stock lie upon the recently re-tiled shop floor. To the left of the entrance is a customer counter and till along with fridges and freezers. A long central table also holding stock is located in the middle of the shop, with shelving to both sides. A large office and cooled storage area are both located to the rear of the shop.

With no current online presence, the business has grown organically through word of mouth recommendation and also boasts brilliant reviews on its Facebook page.

Intelligent Business Transfer are delighted to bring to the market this fabulous opportunity to take on an established greengrocer with a superb reputation and a consistently high level of trade.

The business’s success largely resides in its high quality customer service from its friendly staff, as well as its fresh produce offered at unbeatable prices. Such appealing traits have amassed the business incredibly high profit margins, with an annual turnover of £341,531.

A variety of steps could be taken by a new owner to allow the business to progress. Implementing thorough advertising techniques such as increased social media coverage would help the business to engage with a larger section of the public and promote offers to those outside its local vicinity. An additional website, perhaps with an e-commerce platform, would also help to increase takings, especially if accompanied by a delivery service. Finally, offering a wider range of produce such as introducing organic vegan products would also reach out to a possibly untouched customer base.

Intelligent Business Transfer are searching for a committed individual to take on and expand this highly profitable business, appealing to one with retail experience or interest in owning a successful venture at the heart of a local community.

Location

Property

Annual Rent
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Lease Term (Years)
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Lease Expiry (Years)
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Accommodation Included
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EPC Rating
C 51-75

Financial & More

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Current Ownership
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