Beloved 'Banana King' Preston greengrocers owned by the same family for over 100 years up for sale

Matt Wade the Banana King, located on 12 Orchard St in the city centre, has been listed as being for sale for £310,000 with Ernest Wilson Business Agents.

A well-established local business with a purported weekly turnover of £9,000 and an annual turnover of £468,000, the greengrocer’s has been owned by the same family for over 100 years and is only now available for sale due to the owner’s intended retirement.

Join our new WhatsApp Community to get the latest news and top stories from across Lancashire directly to your phone.

Operating from a prime location near the new market hall and a number of ongoing commercial developments, the business benefits from heavy local footfall which is expected to increase as Preston develops further.

Sign up for our free newsletters now

The business also boasts several revenue streams, including a retail shop, wholesale supply to local businesses and schools, deliveries to residential customers, and an online service offering fruit hampers via eBay and Amazon.

Get a bespoke headline round-up, as well as breaking updates, when you sign up to the The Lancashire Post’s free emails

According to the real estate listing, the online component remains ‘underutilised’, meaning that the business could offer significant growth potential for new owners ready to capitalise on the grocer’s strong social media presence (they have over 5,500 followers on Facebook).

Follow the latest from Preston North End, with the LP’s free football emails

In summary, the premises feature a ground floor retail area with refrigerated displays, cash out facilities, and a rear cold room. The first floor includes storage, a food hamper preparation area, and staff facilities, while the second floor offers additional storage and office space. Stock is also valued at £1,500 to £2,000.

Keep up-to-date with the latest UK news, sport and culture with our free UK Today newsletter

Take a look around...

Also, be sure not to miss some of our other recent lifestyle pieces...

The 21 ugliest parts of the Fylde Coast according to readers, including spots in Blackpool, Lytham & Fleetwood

All 33 Marston's pubs across Lancashire ranked best to worst based on your Google reviews

Fetching detached 3-bed Poulton family home in need of modernisation hits the market for appealing price

19 of the most beautiful and charming Fylde Coast towns and villages to make sure you've visited

All 19 of Preston, South Ribble, and Chorley's Tesco stores ranked from best to worst on your Google reviews

Surprising dark horse 5-bed Lytham family home with uber stylish finish & private garden for sale

I’ve always wanted to run my own chippy! Beloved local Preston fish & chip shop up for sale