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.
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.
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.
The business is only being offered for sale due to retirement.
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.
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.
The business is currently run by our client solely.
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.
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