Retail premises for sale in Thurlow Street, Bedford MK40

£89,999
Retail premises for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Potential To Develop 4 Spare Rooms Above Shop Into Flat
  • Accounts Year End 31st March 2019
  • Annual Turnover £333,291
  • Gross Profit £157,640
  • Click & Collect Service Developed Since Lockdown
  • Accounts Available After Viewing
  • Established Since 1985
  • Beloved In Community With Huge Customer Base
  • New Website In Place
  • Owner Operator
  • Huge Scope To Increase With Online Sales & Sunday Opening
  • EPC - E

Property description

Ref 5628 – Leasehold Health Food Retailer
Blacks Brokers offer for sale this very well established health food retailer located in town centre of Bedford in Bedfordshire.


Introduction


Wholefoods Ltd has been trading since 1985 when our client saw a gap in the market for a business of this nature in this location and set up from scratch. The business provides a large selection of health foods and supplements along with a wealth of knowledge in this area. The business has gained a large and loyal customer base by word of mouth and recommendation.


Location


Bedford is the county town of Bedfordshire. The town is densely populated with residents in addition to businesses and shops. This location was carefully chosen close to the bustling and popular town centre and the business has firmly established itself within the local community and this business sector, establishing an exceptional reputation. This superb trading position also brings continual, passing trade.


Reason for sale


The business is only being offered for sale due to retirement.


Lease


The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is 15 years with rent reviews every 5 years. The current lease began in 2008 at a cost of £18,250 per annum.


Building layout and design


The business operates from the ground floor of this retail unit and although the first floor is also included within the lease and is presently partly used for storage but there is scope for the new owner to expand the business or make full use of this area also. The store front is on a busy parade of shops and other businesses in the bustling centre. The striking glazed frontage is wonderfully presented and branded as “Wholefoods” with large, attractive window display. Inside, the main shop floor is located on the ground floor of the unit, with stock displayed on wall shelving, central gondolas and display fridges where required. The counter and till area are positioned at the front of the business. On the first floor is a large, packing and stock room. Again this are is well presented and organised with stock well maintained.On the second floor is a toilet and four additional rooms which are currently empty – there is much scope to convert this extra space into accommodation for owner use or as a potential sub-let opportunity.


Staff


The business is currently run by our client solely.


Financial details


Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates weekly takings of circa £6,400. The business rates are costed at £110 per calendar month. Many customers are from the local area as one would expect, with plenty of additional trade from passers-by.


Summary


This leasehold business is well established and boasts a large and loyal customer base along with a superb reputation and wealth of knowledge in this business area. The business has a superb 5* hygiene rating and long trading history with scope to expand into Sunday opening, an online presence with ordering service and new stock lines. There is also scope to convert one of the spare rooms on the upper floors to a therapy room for health checks and other complementary services. Please email us or call for further information or to arrange a viewing. Business: £89,999.

Please quote ref: 5628

Fixtures & Fittings

Epos Till

2 Fridges

3 Freezers

Counter

Shelving

Scales

Cupboards & Storage Space

Opening Hours

Mon - Sat 9am - 5pm
Sunday - Closed

Arrange Viewing

For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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