Freehold Convenience Store & Post Office
Price:
Freehold - £385,000
Location:
Suffolk , Ingham, St Edmonds
Business Type:
Retail businesses
Business Details
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- An established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover of £50,000 with a net profit of £3,200 (see financial summary below).
- A business with great potential which has not been exploited by the present owner.
- An easily run operation.
- Low rent and rates for this area.
- Very low overheads.
- A niche concern with no competition.
- Business enjoys superb local reputation.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Convenience Store & Post Office which has been established since 1883. The business has been in the hands of the current owner since 1986 and now wishes to sell due to retirement.
Services
This very good business opportunity provides convenience goods, fresh rolls, coffee and a post office.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of local residents and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include late evenings and Sunday’s.
• With the introduction of a website and e-commerce.
• Introduce the lottery, pay point, local farm produce and fresh flowers.
• Out buildings can be put up for rent as a small office or used by the owner.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
PROPERTY DETAILS
The property is terraced, part of a parade of shops and is approximately 40 ft x 20 ft. The front is branded with an attractive glass front. The main customer service area is tiled with shelving and racking to the walls. It is very well presented and very conveniently laid out. To the rear is a store room.
There is a toilet, staff facilities and a fully equipped kitchen.
The accommodation consists of 4 bedrooms, lounge, dinning room, bathroom and a cloakroom. Outbuildings include a large wooden shed, coal shed and a log store.
There is off road parking at the rear for 2 cars plus a car port, all set within a large picturesque garden.
EXTERNAL
To the front, there is parking in a conveniently located lay by.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £15,000.
FINANCIAL DETAILS
The present annual turnover is £50,000 with a gross profit of 60% and a net profit of £3,200. The potential turnover of the business within the next 2 years is forecast to reach £125,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in the Ingham area of St. Edmonds.
- Prominent location on main arterial road.
- Sought after village location.
- Excellent free parking facilities.
- Surrounded by well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A lifestyle area.
- Excellent local demographics for this type of area.
Monday to Friday: 8.00 am – 12.00 Noon, then 1.00 pm – 3.00 pm.
Wednesday: 8.00 am – 1.00 pm.
Satu
The accommodation consists of 4 bedrooms, lounge, dinning room, bathroom and a cloakroom. Outbuildings include a large wooden shed, coal shed and a log store.
North Yorkshire
£ 750,000
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