Convenience Stores for sale in Hereford

View the "Post Office and Village Store in Peterchurch, Herefordshire for Sale" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Sarah Davies (June 2014) View More
Freehold Price: £560,000 Price Reduced Turnover: £561,653 Gross Profit: £54,189
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established post office and village store business in Peterchurch, Herefordshire. The business was established in 1980 and has been in our client’s careful hands since 2008. The business is only now being offered to the market due to our clients` desire to take a well-deserved retirement. The business is open 7 days a week and generates a turnover in the region of £562,000 per annum with a gross profit of approximately 10%. The business also benefits from a Post Office salary of £23,000 per annum.

Golden Valley Post Office is a well-established Londis branded post office and village store with excellent owner’s accommodation, the business is very popular and has a lot of loyal customers. The business benefits from having no local competition, the nearest post office is 3 miles away.

The business stocks a wide range of products including dairy products, fruit, cereals, vegetables, alcohol, juice/fizzy drinks, chocolate, sweets, crisp, cigarettes, magazines, cards, newspapers, stationary and more.

The owner’s accommodation is finished to a high modern standard and has 3 bedrooms, dining room and an open plan kitchen / lounge area with breakfast bar island. The accommodation is very spacious and would be ideal for a family or couple.

We are advised the village has outlined planning permission for a further 89 dwellings, which would benefit the business greatly.

We feel the turnover could be expanded by extending opening hours, the use of marketing and advertising and by introducing a news delivery service. This is an excellent opportunity for a new owner, possibly a husband and wife team, to take this thriving business to the next level; therefore early viewing must come highly recommended.

LOCATION
Golden Valley Post Office is located in Peterchurch, Herefordshire.

The business sits on the main road in the picturesque village town of Peterchurch. The post office and village shop has excellent footfall from the nearby primary school, high school and a church to the rear of the premises. Dorstone is located approximately a 10 minutes’ drive away and around a 25 minutes away from the City of Hereford.

A short drive away along the A438 is the traditional market town Hay-on-wye which attracts a high influx of tourists as they hold a yearly festival and is well known for holding popular events.

Peterchurch is a village and civil parish in the Golden Valley, Herefordshire, which has a Norman church, dedicated to St. Peter. The countryside around is spectacular, with views of the Black Mountains. The Golden Valley is the name given to the valley of the River Dore in western Herefordshire. Nearby villages are Dorstone, Abbey Dore and Ewyas Harold.

Herefordshire is an historic English county in the West Midlands. It borders the counties of Shropshire to the north, Worcestershire to the east, Gloucestershire to the south-east, and the Welsh preserved counties of Gwent to the south-west and Powys to the west.

PREMISES
19th century doubled fronted terraced premises, briefly summarising:-

Ground floor:

The ground floor of the premises contains an open plan retail sales area with shelving to the perimeter walls to suit the trade. The shop is equipped with an open chiller bed, fruit and vegetable display section, single chiller, double chiller, chest freezer, counter server with electronic cash register, scratch card display, tobacco gantry, central aisle, news and magazine display section, stationary display section and single position post office fortress.  

To the rear of the shop is a store room, kitchenette and toilet facilities.

First floor:

The first floor is used as owner’s accommodation, the floor is decorated to a high modern standard and is well presented. It contains an open plan kitchen/lounge area with high quality fitted kitchen units with black granite worktops and an electric range oven. The kitchen area also has a breakfast bar / preparation island.

The floor also has a dining room, 2 double bedrooms, bathroom with shower and a master bedroom with exposed beams and en-suite. The rooms are carpeted throughout.

External:

The exterior of the premises has new Londis signage.

TENURE
We are advised freehold.

HOURS
The business is open:

Monday - Saturday: 6am till 8pm

Sunday: 8am till 1pm

STAFF
The business is owner run and managed with the assistance of 3 part time staff members.

FINANCIAL PROFILE
We are advised the business generates a turnover in the region of £562,000 per annum and a gross profit of approximately 10%. Post Office salary of £23,000.



Tenure: Freehold

Listed by: Hilton Smythe
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