OPEN TO SENSIBLE OFFERS FOR A QUICK SALE!
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Hodnet Village Stores which is a well-established business with a renowned reputation amongst local residents.
This is a superb opportunity to take on a high turnover local business in an area teeming with regular customers.
Hodnet Village Stores is a well-stocked, well used and popular off-licence and convenience store and since the 1950’s has been at the heart of the surrounding area.
The business has mostly regular customers, many of whom are known on a first name basis by the current owners who are popular and respected members of the local community.
The current owners have run this lovely little business for the last three years or so, during which time the business has flourished.
The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to relocate. They are keen to see their beloved village store passed to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Hodnet Villages Stores offers a comprehensive range of products and services including;
• Newspapers and Magazines
• Tobacco products
• Bread & Cakes
• Eggs, Milk and Dairy
• Hot Savouries
• Pet foods
• General groceries
• Household and cleaning products
• Frozen foods
• Ice creams
• Crisps and snacks
• Beers, Wines and Spirits
• Soft drinks
• Greeting cards
• Fruit and vegetables
Additionally, the Village Stores also incorporate a Local Plus Post Office (PO commission is approximately £14,000 Per Annum). You have the option to either keep the Post Office or close it.
There is a Lotto terminal with weekly takings of roughly £800 and the Weekly News Bill is £550.
Hodnet Village Stores also sells coal, logs and kindling which proves particularly popular during the winter months.
Scope to Improve
• Advertising and marketing campaign
• Maximise the use of social media
• Explore the possibility of becoming an agent for dry cleaning and laundry services
• Reinstate the sale of bottled gas
• Consider establishing a café / coffee shop to the rear of the premises, there is a lovely courtyard which would be ideal for Al Fresco dining. There is no other café in the village.
• Remove the stud wall in the shop to enlarge the shop and introduce more product.
• Consider stocking bedding plants, shrubs and flowers
Reasons to Buy
• A well-established business with an enviable reputation and many existing customers
• Little or no competition locally
• Minimal running costs with inexpensive rent and no business rates
• Beautiful and spacious living accommodation
• Current owners happy to offer a handover to ensure the continued success
• Ideal owner managed or partnership business
• Loads of money has been spent by the current owners refurbishing both the shop and the living accommodation
• Everything included in sale making this a real Turnkey business opportunity
• Offers the opportunity to live and work in the beautiful and sought-after village of Hodnet.
Hilton Smythe highly advise early viewing to avoid disappointment.
This lovely little business is likely to attract considerable interest, only by viewing can it be appreciated what a fantastic opportunity it represents. This is arguably one of the nicest Village Stores to come to the market for some time.Location
Hodnet Village Stores is Located in Hodnet in Shropshire.
Hodnet is a village and civil parish in Shropshire. The town of Market Drayton lies 5.7miles north-east of the Village. Shropshire Council, a unitary authority is responsible for local government services in Hodnet.
The population of this ward at the 2011 census was 4,429. The village is in the north Shropshire parliamentary constituency.
Hodnet is on the A53 road from Shrewsbury to Newcastle-Under-Lyme and the Staffordshire Potteries. The four-mile Hodnet bypass, the A53 opened in 2003 at a cost of £14 million, taking traffic on the old A53 and A442 roads away from the village’s narrow streets.
Hodnet Village Stores is situated in the centre of the village and is beautifully presented and maintained with clear visible signage.
There is free on street parking immediately outside the premises.
The business is surrounded by residential housing most of which is privately owned. The area is considered salubrious and well sought after.
An application for 44 new houses in the village has also been approved.Premises
Hodnet Village Stores occupies an attractive, brick-built period building, much money has been spent refurbishing the premises which briefly comprises:
• Original bay windows to front and half glazed door creating a light airy and inviting interior
• Cleverly designed to maximise the space available
• Vinyl non-slip flooring
• Perimeter shelving
• Central shelving gondolas with bagged sweet display to one end
• Bespoke counter with epos and generous wrapping area
• Open post office counter with scales and card machine
• Wine and spirits shelving
• Newspaper and magazine racking
• Three revolving greeting card carousels
• Long open chiller
• Glass topped ice cream freezer
• Wooden shelving unit for the display of jams and preserves
• Timber table with hot drink machine
• Glass fronted pie warmer
• Lotto ticket stand
• Double glass fronted drinks chiller
• Glass topped food freezer
• Wooden bread display
Useful store Room with floor storage space, this store Room is separated from the main shop by a stud wall which could easily be removed to increase the shop space.
There is a first-floor office above with a window to front, feature wooden beams and perimeter shelving.
• There is a good-sized cellar with power and light that is currently used for storage
Living Accommodation - Ground floor
• Many period details
• Quarry tiled floor
• Sash window to side radiator
• Feature inglenook fireplace with log burner and wooden shelf above
• Nicely fitted with a range of base and wall units in a light Oak effect with complimentary worktop,
• Quarry tiled floor
• Dual aspect with windows to each end
• Unox convection oven
• Hotpoint Halogen hob
• Built under fan oven
• Stainless steel extractor fan
• 1 ½ bowl sink and drainer with Monobloc tap
• Space for fridge freezer
• Lovely lounge with windows overlooking garden at the rear
• Beamed ceilings
• Impressive inglenook fireplace with multi fuel stove
• TV point and wall lights.
Double Bedroom - First Floor
• Generous double
• Original sash windows to front
• Beamed ceiling
• Another generous double bedroom with window to side
• Beamed ceiling
• Built in cupboard
• Three-piece sanitary ware including bath with shower attachment
• Built in cupboard
• Window to side
• Separate shower cubicle with electric shower
There is a large landing that offers potential for use as a home office
Bedroom - Second Floor
• A good-sized double bedroom with beamed ceiling and window to rear
• Another generous double with feature beamed ceiling and window to front
Just in front of the Bakehouse is a generous secure yard that is laid to gravel. This area is a real suntrap in the summer months and would make an ideal outside dining area for a tea shop or café. There is an outside toilet with high level cistern and hand wash basin.
A particular feature of this business are the lovely gardens that have been lovingly restored by the current owners, mainly laid to lawn with gravelled seating area, lawns and established borders. The garden has a beautiful outlook to the rear with tall established trees. The sale will include a good-sized greenhouse
Behind the shop in the beautiful gardens is a detached, two storey former bakehouse. This is currently used as storage but was previously used as a hardware shop and still contains the original peg board to walls along with perimeter shelving. This building has loads of potential perhaps as a catering kitchen, tea room or for conversion into a holiday let (subject of course, to the usual planning permissions)Tenure
We are advised that Hodnet Village Stores is being sold as a Leasehold business opportunity.
The existing Lease is currently arranged on a monthly rolling basis, but we are further advised that the landlord would be happy to negotiate a mutually acceptable Lease with a new owner.
The current rent is £8,800 per annum which is quite astonishing given the exceptional living accommodation, location and size of the premises.
We are advised that the business benefits from being exempt from business rates.Hours
Monday to Friday 7.00 am - 7.30 pm
Saturday 8.00 am - 7.30 pm
Sunday 8.00 am – 2.00 pmStaff
The business is run and managed by our clients with the help of four part time members of staff.Financial Profile
Hodnet Village Stores generated a turnover of circa £380,000 as of the 2017 accounts with a gross profit of approximately 21%.
The business continues to grow at an impressive pace.