Convenience Stores for sale in Bridgwater

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Convenience Store/Post Office With Accomm-Somerset

Bridgwater, Somerset, England

  • Freehold Price: £849,950
  • Annual Turnover: £131,510
  • Annual Gross Profit: £29,131
Seller Reference: 7330
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Business Description
 
 
 
 
 
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Seller Reference: 7330
Request Details
Business Description
Prominent Village Location
Annual Turnover £131,510
Gross Profit £29,131
Further Financial Info Available After Viewing
Recently Began Trading As Spar
Turnover Increasing During 2020 (In Excess of £600,000)
Long Established
Fully Equipped
Well Presented
5 Bedroom Flat
3 Bedroom House To Rear
Scope To Extend Opening Hours
Potential To Let House As Holiday Home
EPC - TBC
REF 7330 – Freehold Convenience Store/Post Office With Accommodation

Blacks Brokers are pleased to bring to the market this freehold convenience store and Post Office with accommodation located in Stogursey, near Bridgewater, Somerset

INTRODUCTION

The Post Office and shop was established over 100 years ago and our client took ownership in 2005 and has recently began trading under the Spar brand. The business offers a range of convenience products as well as Post Office services. It is very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Stogursey Spar and Post Office has a strong social media following and a comprehensive website provided by The Post Office directly.

LOCATION

Stogursey Spar and Post Office occupies a high street trading position within stunning village location. The area is well populated residentially, and other local amenities include pubs, schools and nursery settings. Stogursey Castle is also nearby. The area is well linked by the A39 with good public transport links and parking is available immediately outside. The village is growing in popularity and there is a large construction site nearby which will provide long term custom.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but sadly due to ill health, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

STAFF

The business operates with eight members of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Stogursey Spar and Post Office has traded solidly for many years and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £131,510 and gross profit of £29,131. However, it is worth noting that in the seven months since trading began as Spar– takings have increased to £618,800 with gross profits of £139,230 (correct as of November 2020).Full financial information is available upon request

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This well known and long established business occupies an enviable trading position in a highly sought after (area) village near (of) Bridgewater. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and longer opening hours, possibly a collection and drop off service where appropriate and new product lines. As noted above, there is also scope to let the property to the rear of the shop. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
All Fixtures and Fittings Included
Trading hours:
MON - FRI: 07:00 - 21:00
SAT: 08:00 - 20:00
SUN: 08:00 - 14:00
Tenure:
Freehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Stogursey Spar and Post Office operates from the ground floor of this spacious mid terraced property which is located in the centre of Stogursey Village. The business has large branding and signage on display above a fully glazed frontage. Inside, the shop has wooden flooring throughout, is fitted with CCTV, wall shelving, fridges and freezers and central gondolas. There is a separate Post Office counter area and stock room/office to the side. All areas are fully equipped and presented nicely. The accommodation within the first floor has five bedrooms, a living room/lounge and a family bathroom. On the ground floor there is another family bath room and a separate entrance, which leads to the dinning room, hall way and the kitchen.

In the grounds of this property is a large barn which has been recently converted into a lovely three bedroomed family home. There is huge scope to market this as a holiday let.
Location Details:
Bridgwater
Listed by:
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