Convenience Stores for sale in Sherborne

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Post Office & Convenience Store + Accom- Sherborne

Sherborne, Dorset, England

  • Leasehold Price: £139,950
  • Annual Turnover: £175,804
  • Annual Gross Profit: £44,613
Seller Reference: 7397
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Business Description
 
 
 
 
 
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Seller Reference: 7397
Request Details
Business Description
Prominent Village Location
Accounts Available Year End 5th April 2020
Annual Turnover £175,804
Gross Profit £44,613
Post Office Salary £13,000
Accounts Available After Viewing
Two Bedroom House Included
Established 1904
Retirement Sale
Beautiful Accommodation
Scope To Extend Opening Hours
Potential For Additional Product Lines
Scope To Introduce Deliveries
Potential For Social Media & Online Presence
EPC - E
REF 7397 – Leasehold Post Office & Convenience Store + Accom
Blacks Brokers are pleased to bring to the market this leasehold Post Office and convenience store with two bedroom house located near to Sherborne, Dorset.

INTRODUCTION
Ellwoods Stores was established in this beautiful area of Thornford in 1904 and our client has been in ownership since 2012. The business offers a range of convenience products as well as Post Office services. The business is also licenced for alcohol sales and offers newspaper and tobacco sales too. As a long standing business in this village, the shop is very well known in this area and has a strong base of regular customers in place as well as benefitting from a good amount of footfall brought by the Post Office side of the business. Our client has ensured the business has an excellent reputation.

LOCATION
Ellwoods Stores occupies a prominent trading position within a pretty village setting. The area is well populated residentially with much trade generated by locals. The village is three miles from Sherborne and six miles from Yeovil and is well linked by the A37 with very good public transport links and free parking is available immediately outside the shop.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement plans, 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.

LEASE
The building is available on an Internal Repairing Only leased (IRO).The current lease is a ten year lease which began in 2014 with a rent of £152 per week (paid quarterly @ £1,975 per quarter). We are advised that a new lease is available if preferred.

STAFF
The business operates with our two clients in full time employment supported by one casual member of staff and two newspaper delivery staff.

FINANCIAL DETAILS
Ellwoods Stores has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 5th April 2020 show annual turnover of £175,804 and gross profit of £44,613. The Post Office salary is £13,000. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. The house has a rateable value of £1,909.41. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This long established business occupies an enviable trading position in a picturesque area of Dorset and the lease includes a stunning two bedroomed accommodation. 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 product lines, a delivery service and longer opening hours, possibly a social media and online presence. 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 Shelving
Counters
Till & Scales
Fridges & Freezers
Telephone
Outside Seating
Trading hours:
Shop MON & TUE: 08:00 - 18:00 WED: 08:00 - 13:00 THU & FRI: 08:00 - 18:00 SAT: 08:00 - 13:00 SUN: 09:00 - 11:00 Post Office MON & TUE: 08:30 - 13:00 / 14:00 - 17:00 WED: 08:30 - 13:00 THU & FRI: 08:30 - 13:00 / 14:00 - 17:00 SAT: 08;30 - 12:30
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Ellwoods Stores operates from a spacious, two storey property which is attached to the front of a stunning detached house. The business has large branding and signage on display above a traditionally styled frontage. Inside, the servery/counter is positioned to the rear of the shop. The shop is fitted with flag stone flooring, display fridges, freezers, fitted wall shelving and free standing central gondola. There is a first floor which is currently used for storage. All areas are well equipped and presented nicely.

The residential accommodation is set back from the road with gated front garden and separate entrance (although this can also be accessed via the shop). The ground floor has a fitted kitchen, dining room and lounge with cosy snug. The first floor comprises of two double bedrooms, one single bedroom currently used as an office and a family bathroom. The property has original features such as ceiling beams and a thatched roof. It also has a large rear garden with stunning views which is not overlooked.

Location Details:
Sherborne
Leasehold Term:
£152 Per Weel
Listed by:
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