Village Convince Store and Post Office

Presenting a unique opportunity to acquire a well-established convenience store with Post Office situated in the heart of the charming coastal village of Cushendun. This thriving business boasts an impressive annual turnover of approximately £414,000, underpinned by a loyal local clientele, a consistent influx of tourists, and the assured foot traffic provided by the Post Office.

The premises are thoughtfully arranged over three floors to enhance both retail operations and potential residential conversion. The basement serves as an excellent space for storage and stock holding, ensuring efficiency in inventory management. The ground floor features the main retail sales area alongside the Post Office, fostering a seamless shopping experience. Notably, the first floor holds planning permission for conversion into a self-contained residential flat, offering prospective owners the dual benefit of rental income or owner accommodation.

Property Highlights

This convenience store and Post Office offer several outstanding features:

• A prime Main Street village location.
• A remarkably low annual rent of just £9.
• Eight years remaining on the lease at the current rate.
• The presence of the Post Office guarantees stable revenue and consistent footfall.
• The spacious premises exhibit substantial development potential.
• Low overheads ensure strong profit margins.

Furthermore, this business presents notable opportunities for growth. New owners could consider:

• Extending opening hours to capture more customers.
• Expanding the product range to meet diverse customer needs.
• Introducing additional services such as an off-licence, hot food offerings, or local produce.
• Generating residential rental income through the conversion of the available flat.

At the conclusion of the lease period, rent will be reassessed according to the current market rates, making this an exceptional opportunity to optimise returns throughout the extended period of low rent.

Reason for Sale

The sale is motivated by personal circumstances, marking a genuine opportunity for new owners.

Ideal Buyer Profile

This business is particularly well-suited for:

• Owner-operators or family-run enterprises.
• First-time buyers seeking a manageable venture.
• Investors aiming for a stable, essential-service business.
• Those looking for a lifestyle business with residential potential in an idyllic coastal setting.

Serious inquiries only. Further financial details are available upon request.

For context, the business has been established for over 80 years, with the current owner managing it for the last two years. It benefits from the proximity of nearby amenities including restaurants and a pub, and is without direct competition within a six-mile radius, making it the sole shop in the area. The sale includes all fixtures and fittings, and the owner is willing to provide training for new proprietors, if required.

This convenience store and Post Office is available as a leasehold for £270,000, with the current turnover at £450,000 and a profit margin of £108,075. The property features robust security measures, including CCTV, and the option for seven-day trading. With space allocation for additional storage and facilities such as a staff washroom, this business is strategically positioned for success.