The retail area with service till and Post Office counter overlooks the store. Re-fitted to a high standard, there are two gondola aisles with perimeter shelving and a card rack. CCTV is fully integrated, steel shutters, new flooring and new, energy efficient LED lighting make it a bright and modern store. Ancillary areas include the stockroom and toilet area to the rear. The store is well stocked with stationery, newspapers, magazines, confectionery, soft drinks & tobacco and in addition offers a wide range of wines, beers & spirits along with an extensive DIY product range, haberdashery and cards.
The Post Office offers a £29,000 annual salary in addition to the retail shop sales and has a premises licence operating between 6am-12pm. Further income is generated on commissions from Lottery, PayZone and parcel collection. We are advised the business operates on a gross profit of around 20%.
The shop incorporates F&Fs which includes two 5m chiller cabinets, one 1.4m double door freezer and one 1.8m ice cream freezer. The current owner has run the business since 2016 and is selling due to other business commitments.
Opportunity
Extending the opening hours would instantly increase trade, and a focus on growing certain areas of the business could also contribute to higher sales. The two bedroom accommodation is an ideal opportunity for an individual or couple wishing to live and work in a very desirable location within the County Durham area.
Key Features
- Weekly Sales £9,000
- Post office salary £29,000
- Beautiful village location
- Well re-fitted trading area
- Upstairs 2 bed accommodation
Financial Information
Price - £79,950
Tenure - Leasehold
Gross Annual Income - £468,000
Annual Rent - £18,000
Rateable Value* - £10,750
* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay)
Further Details
Employees
Manager and 1 full time non-contracted employee
Post Office Salary
£29,000 annually
Premises Licence
Alcohol licence from 6:00am - 12:00am
Estimated Stock Value
£20,000
Shop Measurements
Retail Area 87.5m² (942ft²)
Storerooms Total 17m² (183ft²)
Notice
All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale). See our disclaimer page for more details.
Viewings
Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.
Trading hours:
Monday to Friday 6am – 8pm
Saturday to Sunday 8am – 8pm
Number of employees:
1 non contracted
Is accommodation included?:
Upstairs 2 Bed Accommodation Available
Competition:
No competition
Location Details:
Sedgefield is a town and civil parish in County Durham. The Post Office, Convenience Store & Off Licence is centrally located within the heart of this idyllic village, along the main road which runs through.
Leasehold Term:
New lease available
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