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Retail premises for sale

£23,000

105 Corbets Tey Road, Upminster RM14

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Property description

Business
Hilton Smythe welcomes to the market Fresh Farm Produce. This traditional, family run and long established Greengrocers has been successfully run by our client since 2005.

Originally founded back in the 1960’s the business is very well supported by local residents seeing a high amount of repeat trade. The store is very well stocked and appealing to the eye with a wide variety of fresh produce clearly displayed throughout. Outside there are colourful displays of the fruit and vegetables highly visible to passing trade.

As per the 2015 accounts the business generated a handsome turnover of circa £143,000 with a gross profit of 33%.

Although clearly thriving, we believe the business would benefit from having a presence on social media, a cheap way to advertise the business to new custom. Product lines could also be extended by possibly adding a deli range, hampers, smoothies or flowers.

Early viewing of this outstanding business in this prime trading location is highly recommended, with the business genuinely coming to the market as our client wishes to pursue other business opportunities.

Location
The business is located in the affluent and multi-cultural suburb of Upminster in the London borough of Havering.

Fresh Farm Produce sits within a very busy parade comprising of independent retail shops, high street outlets, eateries and town centre amenities ensuring a heavy and constant footfall throughout the day. Upmister is also a large residential area from which the business derives much trade.

The business sits on the arterial B1421, a well-used commuter road with regular bus services running throughout the day. A bus stop is conveniently positioned directly in front of the business and there is a large car park in the vicinity and the area is connected to the London underground network.
Premises
Single fronted premise with striking traditional canopy.

External displays of fruit and vegetables.

Retail area comprising of bespoke two tier fruit and vegetable display units. Central display unit and 2 till points each with set of scales.

Storeroom - wall mounted shelving.

Office area.

Staff kitchen area.

Staff toilet.

Access to rear yard.

To the rear is a large yard with 5 x 4m cold room, access for car or van through double gates and bin store.
Tenure
We are advised leasehold.

The original lease length is 10 years.

As of 2016,2.5 years remain on the lease.

Rent is £15,000 per annum.
Hours
The business opens 6 days a week, 8.00am to 6.00pm.
Staff
The business is owner run and managed with the assistance from his son.
Financial profile
As per the 2015 accounts the business generated a handsome turnover of circa £143,000 with a gross profit of 33%.

What Zoopla users think of Upminster

Overall rating:

  • currently 4.5 stars
Very good - 91% (56 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
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  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 5
Parks & recreation
  • currently stars
  • 1
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  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
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  • 4
  • 5
Schools & public services
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  • 1
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  • 5
Transport & travel
  • currently stars
  • 1
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Nearby transport

  • Upminster (0.4 miles)
  • Upminster (0.5 miles)
  • Upminster Bridge (0.7 miles)
  • London City Airport (8.9 miles)
  • London Southend Airport (19.3 miles)
  • London Stansted Airport (23.0 miles)
  • Woolwich Arsenal Pier (8.6 miles)
  • Tilbury Ferry Terminal (8.7 miles)
  • Woolwich Ferry North Pier (8.9 miles)

Nearby schools

View all schools in Havering
  • Upminster Infant School (0.2 miles)
  • Upminster Junior School (0.2 miles)
  • St Joseph's Catholic Primary School (0.2 miles)
  • Havering Sixth Form College (0.8 miles)
  • Havering College of Further and Higher Education (2.2 miles)
  • Barking and Dagenham College (3.2 miles)
  • Sacred Heart of Mary Girls' School (0.3 miles)
  • Gaynes School (0.5 miles)
  • The Coopers' Company and Coborn School (0.6 miles)
Note: Distances are straight line measurements

Local info for Havering

About the neighbours in RM14

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla 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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