Thriving Genral Store In Herefordshire | | Eardisley Herefordshire | | Situated in a delightful village in the Wye Valley this virtually unopposed store turnsover £7,000 pw at a gross margin of 19%. Superbly presented detached 4 bed property with additional 1 bed flat included. Excellent development potential with suitable planning permission. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 58933
ADVERT IMPRESSIONS : 4,931 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £440000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION:
The business is situated in a delightful village located in the Wye Valley close to the Herefordshire/Wales border approximately 17 miles northwest of Hereford. It is positioned on the major road through the village for which it is the main newsagent, convenience store and off-licence. There is ample free roadside parking outside the premises.
BUSINESS:
This has been in the hands of the current owner for the past 2 years and retails a range of convenience foods, household goods, beers, wines and spirits, sandwiches, snacks, fruit and vegetables, DIY and gardening items along with the typical newsagency goods of papers, magazines, cigarettes and tobacco. Income is derived from the local village population and is further boosted by trade from lorry drivers going to and from a nearby quarry in daytime hours.
Accounts show a consistent annual increase in turnover and profits in recent years, with the latest accounts to 31/3/2010 showing an average turnover of c£7,000 per week net at a gross margin of 19%. This leads to a healthy net profit for the working owners. Accounts will be available to seriously interested parties after viewing.
BUSINESS PREMISES:
These are located on the ground floor of a large detached building and has a glazed double frontage with central double entrance doors. These lead to a retail sales area which is roughly divided into three sections.
The front section, which measures approximately 390sq ft is equipped with various display shelving, central gondolas, a chilled display delicatessen counter, a large upright drinks display unit, counter, till and wall mounted cigarette display.
This leads through to a central ‘L’ shaped section which has a total area of approximately 455sq ft and is equipped with three large chest freezers, one ice cream chest freezer, one small chest freezer, one single and one double drinks display fridge, three upright display chillers for dairy foods and milk etc., and a range of wall mounted shelving. A door off this section leads to a store room measuring approximately 84sq ft with various steel rack shelving.
The rear area of the shop has carpet tiled flooring and measures approximately 298sq. With it’s own access at the rear this part of the property could be easily separated from the main retail area ft and rented out as previously.
A door from the front sales area gives access to an office with original wooden floor which measures approximately 13ft 9ins x 13ft 11ins (178sq ft) and a kitchen measuring approximately 13ft 9in x 12ft 11ins. There is also access to the private entrance hallway with stairs to the private accommodation and also to a rear door which leads to the large yarded area where staff toilets are located in a separate building. There is a further store room at the rear of the shop which measures approximately 227sq ft., contains three various sized chest freezers and also has access to the yarded area. A large warehouse/store/garage which covers an area in excess of 690sq ft and has separate office/store attached is located in the rear yarded area where there are also various outbuildings including a log store and large shed. There is a driveway from the main road at the side of the property leading to the rear yarded area where there is parking for a number of vehicles.
PRIVATE ACCOMMODATION:
A private front door leads to a hallway, off which, there are stairs to the accommodation on the upper floors which briefly comprises on the first floor:-
Kitchen (12ft 8in x 13ft 8ins max) with original wooden floor and feature fireplace and a range of wooden floor and wall units with light laminate worktops with 1½ bowl sink and mixer tap .
Lounge (17ft x 14ft max) complete with original feature fireplace, fully carpeted with secondary glazed windiw and electric storage heater. There is a small storeroom/office off the lounge which measures approximately 4ft 7ins x 3 ft 1 ins.
Double bedroom 1. (12ft 10ins x 11ft 10ins) fully carpeted with electric storage heater and secondary glazed window.
Bathroom 1. (9ft 1ins x 9ft 6ins max) with new white suite, incorporating corner bath separate shower cubicle and original wooden floor.
Dining Room (12ft 11ins x 11ft 4ins) with original wooden floor with built-in double store cupboard/wardrobe.
Single bedroom 4 (8ft 4ins x 9ft 11ins) fully carpeted with electric storage heater.
This room has lockable access to a separate self contained one bedroom flat which has a carpeted lounge with beamed feature ceiling, bedroom, kitchen with small utility room and bathroom with coloured suite and electric shower over bath. There is rear separate access from the kitchen into the yarded area.
On this floor a door leads to a carpeted landing area where there is an open plan staircase leading to the top floor landing off which, there is access to loft space for storage and further accommodation as follows:-
Double Bedroom 4 (13ft 6ins x 10ft 11ins) full carpeted with electric wall storage heater and Velux type roof window with blind.
Bathroom 2 (6ft 5ins x 9ft 2ins max) fully carpeted with coloured suite, electric wall heater and Velux type roof window.
Double Bedroom 3 (10ft 1in x 9ft 2ins) fully carpeted with electric wall storage heater and Velux type roof window.
OUTSIDE:
To the side and rear of the property is hard standing and a separate garage with power. Behind the garage is a private, enclosed garden mainly laid to lawn with mature trees and shrubs to both sides and the rear.
RATES:
The total rates paid in the last accounts to 31/3/2010 was £2,555.
The rates to be paid for the business in 2011-2012, net of relief, is £0.01 (1 pence). The domestic accommodation falls into Band C for council tax purposes with £1307.98 payable for 2011-2012.
HOURS:
Monday to Friday 7.00am to 5.30pm
Saturday 7.30am to 1.00pm
Sunday 8.30am to 12 noon
We are informed that there is no restriction to opening hours.
STAFF:
The business is currently run by the vendor and family plus 1 member of part time staff .
STOCK:
The vendor informs us that the value of the stock is approximately £22,000 | | | | | | FOR SALE | | | | | REFERENCE: | WM9461 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
