Greengrocers for sale in Lutterworth

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Ian McGregor (Nov 2013)
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Freehold Price: £419,950 Price Reduced Turnover: £74,320 Gross Profit: £26,484
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well established and popular village Post Office and newsagent business, which is ideally located within the quaint village of Dunton Bassett, Leicestershire.

The business was originally established in the 1980s and has been in our clients’ careful ownership since 1992. Only now is the business being offered to the market due to our clients’ desire for a well-deserved retirement. The business currently operates 7 days per week and generates a turnover in the region of £74,300 per annum, with a gross profit of approximately 35%. The business also benefits from a Post Office salary of approximately £15,360 per annum.

Our clients offer a wide variety of goods including Post Office facilities, newspapers and magazines, stationery, household goods, dairy products, frozen food, confectionery and snacks, to name a few. The ground floor boasts a sales and service area of approximately 21 sq. metres to the front of the premises and owners’ accommodation to the rear. The first floor offers three bedrooms and a family bathroom.

The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also apply for a National Lottery terminal or an alcohol licence. Our clients do offer a newspaper delivery service, which could be extended to other local villages.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already busy business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Dunton Bassett Post Office occupies substantial two storey premises, ideally located within the quaint village of Dunton Bassett, near Lutterworth, Leicestershire. The business is surrounded by mainly residential properties, from which the business derives much of its trade. The business benefits from free on-street parking facilities to the front of the premises.

Dunton Bassett is a small village in the Harborough District of Leicestershire. It lies between Leicester and Lutterworth. According to the 2001 census, the village had a residential population of 795. Amenities within the village include a pub, a primary school and a village hall.

The village is served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is in Narborough, which is approximately 6 miles away. The area is also well served by the A-roads, with the A426 being within easy driving distance, which links to the national A-road and motorway networks. Leicester is approximately 10 miles away and Nuneaton is14 miles away.

PREMISES
Substantial two storey premises in an ideal trading location, briefly comprising:

Ground floor with:

Main shop:

2 x upright drink chiller units.

Upright freezer.

Newspaper and magazine display rack.

Perimeter shelving.

Central display area.

Greeting card display.

Confectionery display.

Serve over counter with electronic cash register.

Secure Post Office position.

Owners’ accommodation :

Living room.

Kitchen/dining room.

Utility room.

WC.

Store room with 2 x chest freezers.

Additional small stock room with shelving.

First floor:

Lounge.

2 x double bedrooms.

Single bedroom.

Family bathroom with shower over bath.

External:

Shared drive to side.

Rear garden with patio area, lawn and mature shrubs and trees.

Parking for 3 x vehicles.

Shed.

The property benefits from a new roof and external wall coating with 20 year guarantee.

TENURE
We are advised Freehold.

HOURS
The business is open:

Monday – Friday: 6.30am – 1.00pm and 2.00pm – 5.30pm

Saturday: 7.30am – 12.30pm

Sunday: 8.00am – 11.00pm

STAFF
The business is owner run and managed with 1 x part time staff member and 5 x paper delivery personnel.

FINANCIAL PROFILE
The business generates a turnover in the region of £74,300 per annum, with a gross profit of approximately 35%. The business also benefits from a Post Office salary of approximately £15,360 per annum.



Tenure: Freehold

Listed by: Hilton Smythe
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