Greengrocers for sale in Stafford

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 Advertising my business on Daltons was a great success. I found a buyer relatively quickly. 

Ahmed Zahir (August 2016)
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Leasehold Price: £159,999 Sale Agreed Turnover: £624,000
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Business Description
BUSINESS
There has been a newsagent’s business at these premises since the early 1960’s. The current owners have been running the business successfully for the last 14 years and are now selling reluctantly to concentrate on other business interests.

The business comprises a thriving and lucrative Convenience Store with a popular and well used community Post Office which is currently the hub for three ‘Outreach’ Post Offices in neighbouring villages.

There is little or no competition locally and the business really is the ‘heart of the community’ with lots of regular customers many of whom are known by the owners on a first name basis; additionally, the business benefits from great footfall and passing trade.

The Post Office salary is £42,000 per annum and the news bill is an impressive £1,800 per week. The business offers two newspaper delivery rounds at weekends only.

Scope to Improve

Extend the opening hours, licensed to 22.00 seven days a week
Offer a grocery delivery service
Introduce newspaper rounds
Consider a loyalty card/scheme.

LOCATION
Haughton is a village in Staffordshire, approximately 4 miles to the west of Stafford town. It lies on the A518 between Stafford and Gnosall.

The business is perfectly situated in the middle of the village in a small but busy shopping parade on a main road position, alongside other complimentary retail businesses such as a butchers and hairdressers. There is on street parking immediately outside the business and a generous free car park to the rear.

The business is immaculately presented and maintained with good signage.

PREMISES
The business occupies the ground floor of a generous terraced retail unit and was fully refurbished at considerable cost to the current owners about seven years ago.

Shop

Windows to front creating a light and airy interior, tiled floor and suspended ceiling with concealed lighting.

Equipment includes: -

24 camera CCTV system

Bespoke counter with generous wrapping area

Open Post Office counter

Cigarette gantry

Long open chiller

Greeting card racking

Central shelving gondola

Magazine & Newspaper racking

Two glass fronted drinks chillers

Glass topped ice cream freezer

Further open dairy chiller

Double glass fronted food freezers

ATM

To the rear of the shop there are ample storage facilities and a staff toilet.

TENURE
The vendors own the Freehold of the business premises and will grant a new lease for a period of 10 years at an initial rent of £15,500 per annum.

Rent reviews will be at three yearly intervals.

There are no business rates currently payable.

HOURS
6am - 8.30pm seven days a week.

STAFF
The business is owner managed with the assistance of two-part time members of staff.

FINANCIAL PROFILE
Annual turnover is approximately £624,000 per annum excluding the Post Office salary of £42,000.

Reasons to buy

A well-established business with an enviable reputation and many existing customers.
Ideal owner managed or husband and wife business.
Little or no competition locally, no shop or Post Office in the neighbouring 5 villages.
Offers the possibility of owner’s accommodation if required.
Immaculately presented and maintained making this a real Turnkey business.
A lifestyle business offering the opportunity to work in an award-winning village in the beautiful Staffordshire countryside.
Includes three outreach Post Offices.
Current owners happy to offer a handover to ensure the continued success of the business.

Tenure: Leasehold

Listed by: Hilton Smythe
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