Convenience Stores for sale in Boscastle

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Boscastle Spar - Cornwall

Boscastle, Cornwall, England

  • Freehold Price: £590,000  Price Reduced arrow_drop_down
  • Annual Turnover: £821,600
Seller Reference: KBT47490
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Business Description
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Seller Reference: KBT47490
Request Details
Business Description
• Large convenience store and protected post office based in
• Increasing turnover in excess of £820k for year ending 31 March 2020
• Potential holiday letting with 3 bedroom owners accommodation included,
• Idyllic coastal location that attracts tourists all year round

KBT 47490: Profitable Freehold Convenience Store and post office in prime location in Boscastle, highly touristic all year round Idyllic location on a busy route, next to main car park. Turnover for year end 2020 in excess of £820,000 and growing, plus lottery sales with potential to increase. 3 double Bedroom owners accommodation, potential for holiday let. Ref 47490

An ideal opportunity to acquire the Boscastle Spar and Post Office, located in the coastal town of Boscastle, Cornwall, Situated in the centre of the community on a busy road, and next to a main car park. The side and rear of the store also has off road parking for the owners and staff.

The store and Post Office consists of a substantial detached property. The upstairs was previously 2 flats, now amalgamated into 1, to form the spacious owner’s accommodation. There is potential to extend the property, offering an even larger shop on the ground floor, and add a holiday let apartment or larger owners accommodation to the first floor as a good source of additional income. This is subject to planning permission. Holiday lets in the area are well sought after.

The ground floor hosts the store of approximately 1800 sq feet and has accommodation above, it has potential to be extended to 2000 plus sq feet. The store is bright and modern, with additional rear rooms which could be utilised to increase the store size.
The store is next to a main car park for over 300 vehicles. The store and accommodation are available upon a freehold basis with a property guide price of £500k plus.

The business supplies locals and tourists with all aspects of general convenience goods including, cigarettes, medicines, lottery, payzone, general hardware, pet foods, newspapers and magazines, with scope for news rounds. The store also sells alcohol, general DIY products, coal and logs.

It operates as a Spar. It is known for its offerings of hot and cold food and drinks. The store enjoys a 5 star food hygiene rating. Additionally, the store has housed the Post Office for the last 3 years and generates a growing income of approximately 7,200 PA in commissions and services many local villages.

The Post Office is located to the side of the main counter of the store. It offers 2 open counters and is protected by local rural status. The store is currently run by the vendor and up to 9

Summary. Boscastle Spar and Post Office is a delightful family run business that is ideally located and supported by the community and all year round tourists. Offering a lifestyle change to new owners while still offering scope to the seasoned operators with potential for additional income from the possibility of extending the property. It is complete with owners accommodation, which could be used as a holiday let. Due to possibilities of extension, this should also attract corporate buyers to the area. Viewing is essential to fully appreciate the quality of the store and accommodation, with excellent potential for additional income streams.
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