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Post Office & Convenience Store + Accom- Sherborne For Sale

Sherborne, Dorset, UK
Asking Price:
£139,950 Furniture / Fixtures included
Turnover:
£224,633
Net Profit:
Available on request

Prominent Village Location
Accounts Available Year End 5th April 2020
Annual Turnover £224,633
Gross Profit £53,208
Post Office Salary £17,500
Accounts Available After Viewing
Two Bedroom House Included
Established 1904Retirement Sale
Beautiful Accommodation
Scope To Extend Opening Hours
Potential For Additional Product Lines
Scope To Introduce Deliveries
Potential For Social Media & Online Presence
EPC - E

REF 7397 – Leasehold Post Office & Convenience Store + Accom

Blacks Brokers are pleased to bring to the market this leasehold Post Office and convenience store with two bedroom house located near to Sherborne, Dorset.

INTRODUCTION

Ellwoods Stores was established in this beautiful area of Thornford in 1904 and our client has been in ownership since 2012. The business offers a range of convenience products as well as Post Office services. The business is also licenced for alcohol sales and offers newspaper and tobacco sales too. As a long standing business in this village, the shop is very well known in this area and has a strong base of regular customers in place as well as benefitting from a good amount of footfall brought by the Post Office side of the business. Our client has ensured the business has an excellent reputation.

LOCATION

Ellwoods Stores occupies a prominent trading position within a pretty village setting. The area is well populated residentially with much trade generated by locals. The village is three miles from Sherborne and six miles from Yeovil and is well linked by the A37 with very good public transport links and free parking is available immediately outside the shop.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement plans, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on an Internal Repairing Only leased (IRO).The current lease is a ten year lease which began in 2014 with a rent of £152 per week (paid quarterly @ £1,975 per quarter). We are advised that a new lease is available if preferred.

STAFF

The business operates with our two clients in full time employment supported by one casual member of staff and two newspaper delivery staff.

FINANCIAL DETAILS

Ellwoods Stores has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 5th April 2020 show annual turnover of £224,633 and gross profit of £53,208. The Post Office salary is £17,500. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. The house has a rateable value of £1,909.41. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This long established business occupies an enviable trading position in a picturesque area of Dorset and the lease includes a stunning two bedroomed accommodation. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines, a delivery service and longer opening hours, possibly a social media and online presence. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Shop
MON & TUE: 08:00 - 18:00
WED: 08:00 - 13:00
THU & FRI: 08:00 - 18:00
SAT: 08:00 - 13:00
SUN: 09:00 - 11:00
Post Office
MON & TUE: 08:30 - 13:00 / 14:00 - 17:00
WED: 08:30 - 13:00
THU & FRI: 08:30 - 13:00 / 14:00 - 17:00
SAT: 08;30 - 12:30

Contact Blacks Business Brokers

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