Convenience Stores for sale in St Austell

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Ian McGregor (Nov 2013)
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Freehold Price: £450,000 Annual Turnover: £300,000
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Business Description
• Public House Near St Austell, Cornwall
• Separate Post Office & Convenience Store
• 6 letting rooms
• Customer car park
• Excellent turnover and profits
• Private owners accommodation

Falcon Commercial is delighted to offer for sale this popular well-presented Public House with separate Post Office and Convenience Store which benefits from private owner’s accommodation as well as a front patio beer garden and rear customer car park. It has been under the proud ownership of our clients since 2008 during which time the business has seen considerable growth. It is now reluctantly being placed on the market due to our clients wish to retire. During their stewardship the business has built up an excellent reputation for its welcoming atmosphere and well stocked shop.

Operating from substantial landmark premises of real charm and character, the business currently offers a good size open plan bar which has just wet sales, 6 letting rooms which are all let out on a long term basis as well as the village convenience store with post office.

The Grenville Arms and letting rooms generates an excellent turnover in the region of £139,000 per year and enjoys consistently high gross profit margins. The Post Office & Convenience Store has annual sales of £165,000. Both businesses are run by the proprietors with help from a dedicated team of part time staff. This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended.

The Premises
This substantial character landmark premises occupies an outstanding highly visible trading position in the centre of this popular Cornish village and provides excellent internal and external business accommodation. The well-presented and equipped accommodation briefly comprises:

Ground Floor
• Open Plan Bar which has a Wooden faced bar servery with several points of dispense, coffee machine and Epos till system. Separate games area with pool table and darts.
• Private Lounge
• Commercial catering kitchen with extraction containing an array of catering equipment
• Store
• Ladies Toilets
• Gents Toilets

Lower Ground Floor
• Cellar

First Floor
• Room 1 – Double with kitchen area and shower cubicle
• Room 2 - Double with separate kitchen area and shower cubicle
• Room 3 - Double with separate kitchen area and shower cubicle
• Room 4 - Double with separate kitchen area and shower cubicle
• Room 5 – Double
• Office
• Bathroom
• Toilet
• Room 6 - Double with separate kitchen area and shower cubicle

Owners Accommodation
• Kitchen/dining room
• Lounge
• Bathroom
• Double bedroom
External
• Well maintained and furnished patio-style public beer garden area to the front
• Car park
• Covered courtyard

Business Details

Turnover
• Pub - £117,935
• Rooms - £21,713
• Shop - £165,337
• Post Office Commission - £4,200

Stock - The business stock value is approximately Pub £6,000 Shop £12,000

Staff - Mix of full and part time

Opening Hours
Pub
• 5.00pm – mid night Monday – Thursday
• 4.00pm – 1.00am Friday
• Mid-day – 1.00am Saturday and Sunday
Shop
• 7.30am – 7.00pm Monday – Saturday
• Sunday - Closed

Tenure – Freehold

EPC Rating - EPC Rating: C

Business Rates
Business rates payable: Nil
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Planning
Potential purchasers are advised to make their own enquiries to Cornwall County Council Planning Telephone 0300 1234 151or email planning@Cornwall.gov.uk

Legal Costs
Each party to bear their own legal costs incurred in the transaction.

Accounts
Accounts will be provided to genuine purchasers after a formal viewing
Tenure: Freehold

Location Details:

Nanpean is located four miles north-west of St Austell right in the heart of Cornwall's 'Clay Country'. The china clay industry has played a very significant part in the development of the area and a freight-only train still runs through Nanpean, transporting goods from the quarries to the sea.

The old market town of St Austell is just a few miles from the coast and is one of Cornwall's biggest towns. Perhaps the towns biggest draw these days is its proximity to the mighty Eden Project, only 2 miles away. Eden is now, without doubt, the most popular single tourist attraction in Cornwall. Interestingly enough the biomes were built in an old china clay pit. St Austell’s port is the lovely harbour of Charlestown, where you will frequently see old sailing ships. The port has been used as a film location for numerous films and television series, such as Poldark, and there is a small museum open during the season. The town is on the main railway and bus routes from London.

Listed by: Falcon Commercial
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