Mailbox Estates present a unique opportunity to purchase a long standing freehold Convenience Store and Post Office, with accommodation, situated in an affluent countryside location.
The shop trades as a traditional village convenience store offering a full range of general groceries, beers and wines, greetings cards, news and magazines.
The Post Office provides banking, car tax, foreign currency and the usual Royal Mail / Parcelforce mail and parcel services and also now includes Amazon and DPD with Evri coming next.
In an affluent area with primary school and GP surgery, the shop is unopposed and has huge potential to increase sales, by extending the opening hours beyond 6.00pm, operating under a symbol group, adding product lines or home delivery. There are also preliminary plans for a further 80 homes to be added to the village.
REASON FOR SALE * Our clients have run the business successfully for 14 years and are now offering the freehold for sale due to genuine retirement.
THE OPPORTUNITY * Long established shop and post office run by the present owners for more than 14 years * Post Office contract includes 'Mailsort' which offers an additional income stream. * Accommodation available for owners / staff or as a further source of income * Ideal owner managed or family business * Option to purchase the Freehold OR a new renewable lease
TURNOVER * We have been advised by our client that the retail sales are £3,300 per week on average with an impressive 30% margin. There is huge scope to increase this by increasing product range or extending the trading hours.
The post office counter income averages £2,000 per month and is enhanced by 'Mailsort'.
* Royal Mail use a room at the rear of the property for a postal sorting room ('Mailsort') and have been on site for nearly 30 years. This provides an additional income of £2,500 per month.
The accommodation is currently tenanted with rental income of £800 per calendar month.
LOCATION * Large detached property occupying a highly prominent corner trading position on a busy main road. *Own car park with parking for 15 cars.
* The store operates on very convenient trading hours and is licenced until 11:00pm.
STAFF * The business is owner operated, husband and wife team so there are no staff to transfer.
TENURE * The Freehold is offered for sale.
*Option to purchase the lease for £120,000 with rent per annum of £16,000 or £26,000 with the accommodation.
FIRST FLOOR ACCOMMODATION: * A spacious two bedroom self-contained first floor flat with fabulous views across the surrounding countryside.
Approx. 98sq m (1,054 sq ft) and consists of a separate front door with entrance hall, then stairs to large landing. * Fitted kitchen with utility area * Large dual aspect reception room. * Main double bedroom with ensuite bathroom, * Second double bedroom with ensuite shower room * Family bathroom.
The accommodation is currently tenanted but can be vacant upon possession.
GROUND FLOOR PLAN * Ground floor - sales area of approximately 61 sq. metres. (656 Sq. ft.) and is offered in good condition. * Access to the Postal sorting room / stockroom through rear of shop. * Two bathrooms
EXTERNAL * Delivery access to the rear of the property with direct acess to the stock room.
BUSINESS RATES * Our client advises that the business fulfils the criteria for Rural Rate Relief and no business rates are payable. The accommodation is subject to residential council tax.
FIXTURES AND FITTINGS * The business is well-fitted throughout and a valuable inventory of equipment will be included in the sale.
REGULATORY * Premises licence * Post Masters licence
LEGAL COSTS * Each party to be responsible for their own legal costs in connection with the sale.
TRADING INFORMATION * Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.
VIEWING ARRANGEMENTS * Mailbox Estates highly advise early viewing to avoid disappointment. * Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR.
DEPOSITS * Successful applicants will be required to pay a non-refundable deposit.