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Popular & Well Used Off Licence Post Office & Convenience Store

Barnetby le Wold, Lincolnshire
Leasehold Price:
£44,999
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Status
FOR SALE
Advert ID
236861
Reference
B04960 / Rightbiz

Details

Business
Hilton Smythe welcomes to the market Barnetby Newsagent, Post Office & Off-Licence.



The business has been operated by the current vendor for over six years in which time it has built up a strong and loyal customer base. Due to relocation this very rare and exciting opportunity has become available.



The shop offers a popular range of services and produce to serve the main residential area, the surrounding communities as well as the busy passing trade.



The store is fully licensed and stocks a large range of convenience store essentials including tobacco, beers wines and spirits a range of frozen produce, confectionery, magazines and newspapers with 4 x newspaper rounds along with gift cards and fancy goods.



The business benefits from no immediate surrounding competition and has the added benefit of Post Office facilities, Lottery and Payzone all generating lucrative income streams. The site offers the opportunity for a new owner to take this already established site to the next level by generating a stronger on-line presence, introducing a local delivery service and extending the opening hours.



The site benefits from a healthy Post Office commission as well as a strong and regular weekly turnover with the added benefit of two-bedroom accommodation to the first floor with a separate entrance making this an ideal opportunity for either an established operator looking for an additional site or an individual or partnership looking to acquire their own established business with accommodation with very sensible in-going and running costs. A golden turn-key business opportunity.

Location
Situated at the top end of Kings Road in Barnetby-le-wold in North Lincolnshire, the site sits in-between Scunthorpe and Grimsby and is located just off the A180 and is easily accessible on foot and by all modes of transport with excellent road network links to the surrounding villages.

Premises
Ground floor convenience store situated within a terraced dwelling, front entrance into main trading area including:



•All refrigeration units

•Racking and shelving

•Storage binnacles

•Display carousels

•Main service counter to the rear of the shop with post office facilities

•CCTV

•Electronic till

•Rear storage area with kitchenette

•WC



Side entrance to the first-floor accommodation which includes:



•2 x Bedrooms

•1 x Kitchen

•1 x Bathroom

•1 x Lounge

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £10,800 per annum with 19 years remaining on the 25 Year lease.

Hours
The opening hours are currently 6.00 am to 8.00 pm seven days a week

Staff
The business is run and managed by the current vendor with 1 x part time assistant.

Financial Profile
We are advised the business is currently turning over in the region of £312,000 per annum with the Post Office commission generating an additional £15,000 per annum



There are currently no rates payable on the business.

Seller Details
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Listing Details
Leasehold Price: £44,999
Tenure: Leasehold
Sector: Off Licences
Financials
Annual Turnover: £312,000
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