CONVENIENCE STORE WITH POST OFFICE
Substantial Freehold with Profitable Business
Affluent and Idyllic Coastal Community
Huge Potential to Raise Turnover
Scope to Add Self-Contained Living Accommodation
Net Profits Adjusted to £41,356
Annual Post Office Remuneration £14,000
Weekly Turnover £3,500
REF 583456. EPC Band C.
Business and Property £240,000
CONVENIENCE STORE WITH POST OFFICE in Sunderland for Sale.
A truly excellent opportunity to acquire a long established business which plays a central role in this idyllic North East coastal community. This is an affluent seaside village on south Tyneside, some 5 miles north of Sunderland. It has retained its village character, with its main street, parish church, cricket ground and park with bowling greens and tennis courts. A beautiful coastal park is only a stone’s throw away, making this property an exceptionally attractive lifestyle business. The building is a substantial and prominent two storey, terraced property within a parade of shops and offices fronting the busy main street. The business is well supported by the local community and serves as the village Post Office, convenience store and newsagents. The business has operated from these premises for over 50 years and has been owned by the current owners for the last 20 years. It is only now, with an eye toward retirement, that this wonderful opportunity comes to the open market. Accounts for the year ended 30th November 2018 show sales turnover of £143,170 plus Lottery Commission of £5,369 plus PayPopint Commission of £684 and Community Post Office core payment of £14,002 (Current Weekly Turnover £3,500). This is already a very profitable business but has huge scope for more by adding an Off-Licence facet to the business.
The premises comprise:- Attractive and prominent two storey brick built detached building with glazed, double wide frontage to both ground and first floors. Entryway leading to shop floor with Post Office counter. Various dedicated sales areas for newspapers and magazine racks, cards and stationary, groceries and toiletries, household items and even tools and accessories. Ice cream chiller and upright beverage display chiller. Sweets corner. The spacious shop floor sales area is comprehensively yet comfortably racked out to provide a vast amount of stock and choice of goods for its customers. To the rear of the shop floor there is a kitchenette and toilets and a store room. Lottery point and ATM machine. To the rear of the property there exists a single storey extension to the property with electric shutter door and a parking space. Stairs leading to the first floor which was previously rented out as office space but is currently under-utilised. It has one huge room with floor to ceiling windows, a back office and additional storage area.
There is potential for converting the first floor to provide self-contained living accommodation for new owners, or even to convert to provide rental accommodation (subject to surrendering the Post Office facet to the business though and seeking approval for change of use).
EPC Band C.
Number of employees: