Hilton Smythe is delighted to introduce to the market Westcombe Stores. This winning combination of post office introduced in 2006 and convenience store which was originally established in the 1950’s and has been successfully run and managed by our client since inception in 2003.
The business is very well supported by the local community seeing much repeat trade and benefits from a monopoly trading position with no other competition in the area. The business boasts a generous turnover of £260,000 per annum.
This deceptively spacious freehold store is well stocked with products including but not limited to; groceries, chilled products, wines and spirits, newspapers and magazines, cigarettes, Lottery tickets, confectionary, hot drinks and snacks. Westcombe Stores also provides a postal service generating a post office salary of £9,500 per annum. In addition the business offers newspaper delivery rounds which we understand could be extended to further revenue.
There is a good sized store room to the rear of the store opening up the potential to possibly increase the retail area. The business hours could also be extended as the store is currently run at a pace to suit our client.
The property is well maintained and also offers a generous sized 3 bedroom flat with a private garden, making this an ideal acquisition, perhaps, for a family or couple looking for a lifestyle change.
Early viewing of this fantastic and well established business is highly recommended with the business genuinely coming to the market as our client wishes to relocate.
The business is situated in the lovely village of Templecombe, Somerset.
The village is close to the Dorset border, south east Somerset, just off the arterial A357 road. The business is detached and situated in the middle of a residential housing estate from which it derives much trade and is ideally located close to a number of major bus routes.
Templecombe boasts its own railway station which is just a short distance from the business and is on the London Waterloo to Exeter main line and has a population of circa 1560.
A detached store with parking to front and an integral garage.
Deceptively spacious premise:-
Tiled floor, high ceilings with fluorescent lighting, 2 open dairy chillers, 1 double glass fronted freezer, 1 glass topped food freezer, confectionary shelving, 4 camera CCTV system, magazine racking, rear counter with industrial oven, pie warmer, coffee machine, chest freezer, perimeter shelving, central gondola, carousels for hanging goods, photocopier, open post office counter, main counter with cigarette gantry behind and lottery machine.
Rear store room
Good sized storeroom with window to rear, chest freezer and perimeter shelving.
Good size with window to rear and perimeter shelving.
With sink with hot water heater above, separate hand wash basin.
First Floor Owners Accommodation
There is a generous sized flat on the first floor comprising:
3 Good sized bedrooms
All heated by warm air central heating
The property is well maintained and signed with off road customer parking to the front and a generous garden to the rear.
We are advised freehold.
The business opens:-
Monday to Friday 7.00am – 7.30pm
Saturday 7.00am – 1.00pm and 5.00pm – 7.30pm
Sunday 8.00am – 1.00pm
The business is owner run and managed with the assistance of 1 family member and 1 part time member of staff.
The business boasts a generous turnover of £260,000 per annum.
The post office salary is £9,500 per annum
The lottery generates around £500 per week
The newsheets generate around £1000 per week
These figures are included in the turnover above.
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