Convenience Store with Post Office and Bakery in Kent For Sale

Detached property, excellent trading position, residential area, Kent.

Turnover £ 15,000
Post Office £ 15,000
Price £295,000

Features

Convenience Store, Counter News, Bakery, Counter Newsagency and Post Office (local)

Outstanding opportunity to acquire an old established Retail Business with Sub Post Office

Parking in front of shop for 7/8 cars

DOUBLE FRONTED PREMISES, in the region of 1,775 ft², WITH ELECTRIC SHUTTERS, CCTV (12 cameras), commercial non-slip floor, suspended ceiling with LED lighting.

Sales counter, 2 EPOS cash registers, 3 (2.6m) 4 door fridges, single 2m 3 door fridge, ice cream freezer, 2 double door freezers (1.3m), coffee machine, adjustable shelving, 2 coca cola chillers, Redbull chiller, hot food cabinet, greeting cards racks,

Post Office section - Fortress with 2 positions with parcel hatch.

Store room - 2 chest freezers, commercial oven, shelved.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £15,000 p.w. with a Gross profit of 25% approx.. Wholesale newsbill £550 p.w..

POST OFFICE SECTION OPEN 9 a.m. - 3 p.m. generating an income in the region of £15,000 p.a. approx.

We are advised the accounts for the 16 month period ending 31st March 2025 showed sales of £740,751 with a Gross Profit of £112,169.

Staff

The business is at present operated by the Husband & Wife team with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - FRIDAY 5.30 a.m. - 7.30 p.m.
SATURDAY 6.30 a.m. - 7.30 p.m.
SUNDAY 7.30 a.m. - 12 noon.

POST OFFICE SECTION OPEN 9 a.m. - 3 p.m.

We are advised the is demand and potention to increase opening hours.

Accommodation

The SPACIOUS, SELF CONTAINED, living accommodation with FULL GAS FIRED CENTRAL HEATING comprises:

4 Bedrooms (3 doubles, 1 single)
Bathroom with bath, wash hand basin
Separate w.c. plus shower room with shower, w.c. and wash hand basin
Large Lounge
Separate Dining Room
Spacious Kitchen/Breakfast Room

Included in the sale is a SELF CONTAINED FLAT with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Open plan Lounge / Kitchen,

We are advised the accommodation is let on a shorthold tenancy, vacant possession if required, providing a RENTAL INCOME OF £30,000 per annum.

Outside

Garden laid to lawn.

Tenure

The vendor subject to satisfactory references are prepared to grant a new SECURE RENEWABLE granted for 15 years in 2025 with reviews every 3 years at a starting rent of £55,000 p.a.

Business Rates from April 2025 £5,390 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2011, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £295,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 147,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote