Convenience Stores for sale in Hertfordshire

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Polly Franey (July 2015)
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Freehold Price: £649,950
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Business Description
 

Unopposed location 

3 Bed Accommodation 

Profitable 

Potential for expansion if required

Everett Masson & Furby are delighted to offer a unique opportunity
to acquire a rarely available, substantial period property, providing 3
bedroomed owner’s living accommodation together with an established and
profitable convenience store.

In the hands of the present owners for more than 10 years but managed
by family members, the store is currently taking some £9,500 weekly on
average although the vendor is of the opinion that £12,000 a week is
possible in the right hands.

The prominent detached premises are positioned at the heart of a
picturesque West Hertfordshire village, nestling in the foot of the
Chiltern Hills. As such the store is not only unopposed in the village
but also draws in business from other local villages.

PREMISES

Accessed via a double fronted shop front with new canopy, the
deceptively spacious retail area extends to a total of some 1,000 square
feet.

The well equipped shop includes a drinks cooler, large ice cream chest
freezer, magazine and newspaper racks, cash machine, an open dairy
cooler, internal security grill – used at night as an external grill is
not permitted for the building - a large modern counter and open display
for sandwiches and snacks and two large chest freezers for frozen food
and a photocopier.

To the rear of the shop is the former “Fortress Area” which was used
when the business was also a Post Office, as well as staff cloakrooms.
Also there is a further large storage area on the back of the store,
accessed by a door on the back wall.

RESIDENTIAL ACCOMMODATION:

The owner’s accommodation can be accessed via separate entrances at the
front and rear of the building or via the office / store room at the
front of the store.

The accommodation includes:

GROUND FLOOR

Office / store, to the rear of  which is a door to an

Open hallway, with stairs to the first floor

Kitchen

Large Lounge

Bathroom

FIRST FLOOR

2 x double bedrooms

A single bedroom

Cloakroom

BUSINESS:

The business is now solely a convenience store although at one stage it
was a Post Office but this was lost due to rules that were in force at
that time.

In addition to the usual range of convenience items, the store has
National Lottery, Off Licence Sales, Dry Cleaning Collections, Paypoint,
Cash machine and hot and cold snacks.

TAKINGS:

Currently takings are in the region of £9,500 a week and in recent
years peaked at £10,000 a week (summer 2013) with a gross profit margin
of around 25% (average).

COMMENTS:

The sale of this business & property represents a rare and unique
opportunity to acquire a most attractive freehold property set in an
unopposed position in a picturesque rural village and early viewing is
strongly recommended.

This is a confidential sale and interested parties will be required to complete a non-disclosure agreement before further details are released. The shop is located in a small quiet village and the owners request that any viewings of the shop or the area are made by prior appointment.

PRICE:

£649,950 for the benefit of the valuable freehold property, Goodwill, Fixtures, Fittings & Equipment

EM&F Reference G31529XB

Tenure: Freehold

Listed by: Everett Masson and Furby
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G31529XB
Seller Reference:
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