Convenience Store with Post Office and HMO in Somerset For Sale

Situated in a parade, commanding main road trading position, residential, office and commercial area, SOMERSET

Turnover £ 1,500
Post Office £ 135,000
Price £375,000

Features

Convenience Grocery Store and off Licence (recently Closed) with Thriving Post office and Lucritive Cards and Stationery Business & Hmo Above - Forecast Net Profit £180,000

IMPRESSIVE PREMISES 3,000 sq ft. Laminate woodstrip floor, suspended ceiling with LED spotlights. 2 EPOS tills with card payment machines, COUNTERS,counters, 5m fridge, 2-3.75m fridges, 2.5m fridge, 1.8m dairy fridge, 2-double door freezers, 3 tier Walls ice cream freezer, warm display unit, modern adjustable 'Eden' shelving.

Post office - 5 COUNTERS (3 open plan and 2 Fortress positions with parcel hatch)

Photobooth.

STOREROOM 500 sq ft - non slip industrial floor, tube lighting, fully shelved.

Bakery preparation room - Read bake off oven, counter, sink.

Disabled toilet

Turnover

Sales of the retail business when trading, we are advised, were £11,000 pw.

Presently the Post Office income is £135,000 pa, with additional cards and stationery sales of £1,500 pw. (80% gross profit)

The photobooth provides an additional income of £1,600 pcm

We are advised with the rental income received, commissions and Post Office income, projected income from the re-established supermarket the NET PROFIT IS FORECAST TO BE £250,000 p.a..

Staff

The Post Office is staff run, 3 full time staff.
Wage bill £1,200 p.w.

Trading Hours

Retail shop - when trading 7 am - 10 pm 7 days per week

POST OFFICE Monday to Friday 9am - 5.30 pm
Saturday 9am - 1.30pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to FLAT above at present let on a room by room basis and provides a rent of £2,900 per month. The accommodation comprises:

Shared fitted kitchen

2 Shower rooms, each with shower, toilet and wash hand basin

5 Bedrooms.

Also located on the first floor is a self contained office, presently occupied, and providing a rental of £500 per month.

Tenure

We understand the premises are held on a secure renewable lease for a period of 25 years from 2015 at a rental of £43,000 p.a. exclusive of rates with rent reviews every 5 years. We are advised the next rent review is 2025 and the rent is increased in line with the RPI.

We are advised the Landlord will require a 6 months rent deposit and a guarentor.

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 187,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote