business for sale

Retail Fruit and Vegetable Outlet

Businesses for Sale

Sale Memorandum

Retail Fruit and Vegetable Outlet


Ref.EB024

Location Mid Wales

Asking Price £ 85,000

Confidential offered for sale

The business generates sales in the region of £265,000 and records gross profits circa 40% or £105,000. Net profit before drawings are around £40,000

Asking price includes:

Established client/customer base
Computer administration system
Excellent opportunity to grow
Complete Turnkey Operation
Training and handover
Good profit margins
Excellent premises
Sterling reputation
Leasehold property
Great location Advertising
Vehicles
Goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

This well established and highly respected business was established in 1981 and aquired by its present owners in 1996. It is located in a small town with a population of approximately thirteen thousand people within commuting distance for Shrewsbury. It has built itself a reputation as the best retailer of fresh fruit and vegetables in the area. It is known for having very high standards for quality and these have been the reason for its ongoing success.
All produce is bought and delivered daily from midlands based wholesalers and tight management ensures that stock turn is never longer than three days. Approximately twenty per cent of its turnover is supplying the local wholesale market. The company runs two vans and is financially sound.


Customer Service:

The business has a loyal customer base that relies on friendly and efficient service and competitive prices. They can be confidant that quality standards remain high and that they are able to select their purchases from a broad and varied range of fruit and vegetables.


Key Strengths:

The business has no borrowings
Well positioned in secondary retail area
Extremely well known in the area
Strong customer base
Great supplier relationships

Opportunities:

There is a good opportunity to grow this business by attacking the wholesale market and supplying local hotels, restaurants, pubs and guesthouses.
Premises:

The business occupies a well-decorated and brightly lit shop with a large single street-facing window. It is situated in a pedestrian walkway within a hundred metres of the prime retail area of the town. The premises are leasehold at an annual fee of £7500:00. There is a further three years of the lease to run. The lease is renewable.
Advertising and Marketing:

The business does not advertise
Financial profile:
All financial information will be made available under the auspices of Turner Butler and subject to signed letters of confidentiality. The business generates sales in the region of £265,000 and records gross profits circa 40% or £105,000. Net profit before drawings are around £40,000
Employees:

Two partners
Six part time staff including one driver
Support and Training

A full and seamless handover will be made available for a period to be agreed as part of the overall negotiations.
Reason for Sale:

The partners now wish to sell the business to follow a new commercial venture
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

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