Confectioners for sale in Bedford

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 We found a buyer within the first week of advertising with you. 

Mrs Herbert (Nov 2017)
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Freehold Price: £480,000 Price Reduced Annual Turnover: £248,000
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Business Description
FANTASTIC VILLAGE LOCATION
NO COMPETITION
EASY HOURS
HUGE POTENTIAL
PRIVATE SALE(NO AGENT)
VIEWING ESSENTIAL

A superb and rare opportunity to purchase the freehold of this very successful unchallenged business that has been in the same family for nearly 80 years, the current owners have run the shop for the last 18 years and are looking to retire.

A very well presented busy double fronted Village Convenience Stores with a loyal local customer base and good trade from passing traffic/tradesmen working in the village.

This really is a turn key sale and new owners can move in and immediately commence trading without the requirement for any major expenditure in either the shop or the living accommodation. The shop front has recently been refitted in coloured Upvc (currently not sign written).
There is an additional income of £9100 pa Rent of the very large and newly decorated 3 bedroom flat above, or is very comfortable and spacious as owners accommodation.

The shop benefits from having no direct competition within the village and occupies a busy main road position opposite the village green in the heart of this affluent North Bedfordshire village. There is unrestricted free on street parking directly outside the shop for both local and passing trade.
The village also boasts a primary school, a petrol station, a fine eating destination pub, a blacksmith, village hall and police station.

The spacious well fitted shop (792sq ft approx) offers a comprehensive range of products and services - groceries, household goods, pet foods, greetings cards and stationery, chemist lines, fresh fruit & veg, daily fresh bread and cake delivery, food to go, wines beers and spirits, papers & magazines. A hot drinks machine, 2 dairy fridges, 2 soft drinks fridges, fruit & veg fridge, ice-cream freezer, 2 frozen food chest freezers (all owned by the vendor).
Counter news sales only, WNB approx £900 wholesale. No lottery.

There is a staff cloakroom and store/office/back room. The shop benefits from having air conditioning/heating and recording CCTV system with 4 cameras internally and 1 externally.
A secure side door leads to a private outside undercover storage area for coal, logs, plants etc, there is no garden with this property.

The very spacious and impressive living accommodation (currently rented on a secure tenancy agreement) is accessed through a private entrance or through a side door from the shop. The newly decorated flat is ready to move into having had a new fitted kitchen and bathroom, new electric heating throughout and uPVC double glazed sealed units and doors. There are 3 large bedrooms and a deceptively large lounge diner overlooking the village green to the front. The flat benefits from a decked private roof terrace accessed from the kitchen with stunning countryside views.
On the ground floor accessed from behind the counter, is a granny/teenager apartment (currently used as office) with its own shower and toilet.

Trading on short lifestyle hours for this type of business there is huge potential to increase turnover through longer opening times;

Mon-Fri 6.00am to 6.00pm
Sat 8.00am to 5.00pm
Sun 8.00am to 12.00 noon.
Closed Bank Hols

Accounts information confirms a strong consistent business with good profitability,
In respect to year ending 31 march 2017, sales amounted to £248000.00 returning a very impressive Gross Profit of 30.63%.

Nil business rates after receiving 100% relief.

Currently operated by a Husband and Wife team with 2 part-time staff, with a wage bill of £19800 which could be dramatically reduced by new owners.

£480000 ovno, for the freehold, goodwill, fixtures and fittings according to agreed inventory, plus stock at value £8-10k

PRIVATE AND CONFIDENTIAL VIEWING ARRANGED BY E-MAIL ONLY.
Duncnik.steward@btinternet.com
Number of Employees: 1-5

Tenure: Freehold

Number of bedrooms: 3

Is this business home based: Yes

Find out more about this business opportunity.

 
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PAX06431422
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