Porthtowan Village Store & Post Office
Turnover: circa £775k
Gross Profit: £215k
BUSINESS SUMMARY
• Business Name: Porthtowan Village Store & Post Office
• Location: Beach Road, Porthtowan, Truro, Cornwall
• Type of Business: Village Store & Post Office
THE OPPORTUNITY
• Prime Location: Strategically located in a high-traffic area of a select coastal village with excellent visibility on the main route into the beach.
• Established Customer Base: A loyal and diverse customer base that values the convenience and quality offered from a traditional village store and post office.
• Strong Financial Performance: Consistent revenue growth and profitability over the years.
• Comprehensive Product Range: Well-stocked inventory catering to the varied needs of customers, including fresh produce, groceries, snacks, beverages, and household essentials complimented by the addition of the Post Office.
• Experienced Staff: A dedicated and skilled team that contributes to the efficient operation of the business.
THE ACCOMODATION
The subject premises occupy a fantastic and highly visible trading position in the picture postcard seaside village of Porthtowan on the delightful and ever-popular Cornwall coast.
The ground floor of this characterful premises features a full range of modern, high quality fixed and freestanding purpose-built display racking, shelving and furniture, in addition to various refrigerated and frozen display cabinets, dedicated off-licence and greengrocery sections, a triple-deck ice cream conservator, fully fitted point-of-sale counter area with spirits and confectionery displays, tobacco gantry and electronic till point etc.
The main public area also features a, fully equipped Post Office counter with parcel weighing facilities and computerised serving position, 3 x good-sized, fully racked general dry goods stores, together with a fully furnished and equipped private and general administration office and all the usual washroom/WC facilities. The business premises also enjoy the added security benefits of CCTV monitoring and a full Post Office approved alarm system.
The first floor is accessed by separate self-contained entrance and staircase from ground-floor level to the first floor this wonderful lifestyle opportunity provides comfortable and convenient in-house private living accommodation which consists of a spacious lounge and a fully fitted domestic kitchen/breakfast room, together with three good-sized bedrooms and a fully fitted bathroom/WC.
Further private living accommodation to the second floor consists of an additional double bedroom.
Externally: To the front the premises are well signed and attractively presented and afford ample and inviting display window space (onto a good-sized forecourt area) and extensive customer parking available in a large beach front "Honesty Box" public car park. The premises also incorporate a charming, decked patio garden area to the rear, in addition to a covered service yard with separate access for deliveries.
SALE CONSIDERATION
With the owner poised to venture into new opportunities, Porthtowan Village Store is being made available presenting a turnkey operation for aspiring entrepreneurs or buyers seeking a lifestyle change. The sale will encompass all aspects of the business, including its prestigious brand, loyal customer base and the addition of the Post Office which is very busy element that brings increased footfall into the store.
The premises is leasehold and will be made available by way of a secure lease assignment.
BUSINESS OPERATIONS
Staffing:
A team of 4 existing staff members is known for their experience and dedication to the business and post office.
Suppliers:
Relationships with local suppliers and formerly part of a national network of convenience stores chain, the business benefits from the experience gained over the years and long-standing established relationships with suppliers.
Systems and Procedures:
Documented operational procedures, staff training manuals, and customer service protocols are in place to maintain the businesses high standards. The business utilizes a state-of-the-art POS system for efficient ordering and inventory management, the store also benefits from internal CCTV.
MARKETING
The business has limited need to conduct advertising due to the unique location of the store and holding the post office agreement. Marketing is conducted using the social media pages and complimented by the post office website listings, bringing organic visitors to the store. There is no paid advertising being utilized at present, which could be utilized by an incoming operator.
PREMISES
The impressive landmark character property provides outstanding presence within this picture postcard location, with impressive accommodation throughout. The property has 1,186 sqft of retail space on the ground floor and 1,335 sqft of self-contained owner accommodation.
The store is located in a busy coastal village and the vendor has made significant improvements to the property and introduced new low energy lighting and equipment which offer a warm and welcoming environment for customers and requires no further investment from an incoming operator who can capitalise on the extensive, high quality fit out to date.
FINANCIAL SUMMARY
The business benefits from multiple revenue streams, all of which are robust and consistent, providing a reliable source of income. The complimentary offerings below, bring a continuous customer base into the store offering opportunities for upselling and include:
- Lottery
- Pay Station
- Post Office Salary
- Alcohol Sales
- Cash Withdrawal Facilities
GROWTH OPPORTUNITIES
This is a well-established business with limitless possibilities for an existing operator to bolt on, or for someone looking to enter the market with an established brand and customer base.
• Expansion into new locations
• Product diversification
• Enhanced digital marketing to include paid ads
• Ecommerce platform introduction including SEO optimisation and click and collect.
• Increase opening hours
Or simply enjoy this unique and lucrative lifestyle offering with a new life by the sea.
MARKET ANALYSIS
The convenience store industry in the United Kingdom is a dynamic and resilient sector that plays a vital role in meeting the daily needs of consumers. Characterized by a diverse range of products and services, convenience stores have become an integral part of the retail landscape. This market analysis aims to provide an overview of the key trends, opportunities, challenges, and competitive landscape within the convenience store industry in the UK.
FURTHER INFORMATION
Further information is available by speaking with the us and viewings are strictly by appointment only as the sale of this business is strictly confidential.
For more information, please contact us.
