Hilton Smythe welcomes to the market Village Store & Post Office. The business was established in 1800 and was taken over by our clients in 1998. This is a well-established post office and convenience store in the village. The store receives much of its trade from the locals who live in the area. There is little competition around allowing for a large amount of repeat loyal trade.
Our clients are now looking to sell the business, due to the desire to take well-deserved retirements. Our clients have run the store to a high standard, keeping shelves well stocked and offering a variety of post office services.
The store sells confectionery, convenience products, alcohol, cigarettes, fresh meats from the deli counter, greetings cards, household products and much more. This is the go to business in the village. They also sell newspapers and offer the national lottery.
The store currently generates an advised turnover of around £244,000 per annum, with a gross profit of 25%.
Included in the sale is a self-contained flat this could be let out for an extra monthly income. There is also a three bedroomed owner’s cottage to the side of the store, this would be perfect as an owner’s accommodation. This could also be let out by the purchaser or sold on if not required.
This is a fantastic Freehold opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
Village Store & Post Office is located in Great Massingham, King`s Lynn, Norfolk.
The business is situated in the centre of the village, this is a prominent trading position just off the main arterial road in the area. There are several businesses in Great Massingham, however, this is the only post office. There is a church next door to the property, bed and breakfast, restaurant and some other independent businesses. This is a great post office that sees most of its trade from the locals who live in the village.
Great Massingham is set in a rural location, approximately 26 minutes away from the centre of Kings Lynn. This is a close community that would highly welcome the new purchaser. The village offers clubs and schemes such as the car sharing for the elderly and wildlife watch.
There are two A-roads close by, which the road on which the business is located connects to, these are the A148 and A1065. These roads further connect to the A148 and A47. As well as great road connections the village also benefits from a regular bus service. The bus routes head in to surrounding towns, such as Harpley and Fakenham.
Village Store & Post Office is situated in a semi-detached property that connects to the owner’s accommodation. The store is well-presented and has a post box at the front. Directly outside the shop are off road parking spaces for customers and staff.
The owner’s accommodation is set back from the shop and has a gated garden. This is a lawned garden, which has been completed to a high standard. There is a side entrance that leads to the rear garden, where there is a patio area.
The shop space is approximately 1,500 square foot.
2 x position fortress PO at rear.
(Community Status - cannot be changed to local without major structural works)
Deli sales from chilled serve over unit, with service area behind, preparation work tops, 2 x meat slicers, chest freezer and a tall fridge.
Main shop area with central display aisle, perimeter shelving and racking.
2 x 1 door upright chiller units
2 x chest display freezers
Scales for loose sweets and vegetable
Through to the rear of the shop is the washing up area, this has storage. There is also a staff W/C to the rear.
Above the shop is a self-contained flat with external staircase, this has a double bedroom, galley style kitchen, lounge and a bathroom with shower over bath.
The accommodation is a great size, this has a cottage style kitchen, dining room, large lounge, downstairs toilet, family bathroom and three double bedrooms. This is perfect for a family.
To the rear of the property are two outside storage garages.
We are advised the business is being sold as a Freehold opportunity.
The business opening hours-
Monday - Saturday: 8am – 5:30pm
Sunday: 9:30am – 12:30pm
The business is run and managed by our clients, with the help of seven part time members of staff.
The business generates a turnover in the region of £244,000 per annum.
Gross profit 25%
Post office salary- £20,116 per annum (included in the turnover figure).
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