Hilton Smythe welcomes to the market The Colne Engaine Village Shop. The business was established in this location in the 1900’s. Our clients then took over the store in 2007 and look to sell, due to family changes.
The business runs as a traditional village convenience store offering a huge range of products. The store sells local fresh vegetables which are delivered daily, local meat, cheeses, fresh curry meals, newspapers and magazines, ice creams, alcohol, Lottery, cigarettes, fresh bread, full convenience range, household goods, stationery, toiletries, greeting cards, plants and flowers and garden ornaments. The store also provides a parcel collection point, as well as dry cleaning.
The Colne Engaine Village Shop is set on a busy link road and much of the trade is derived is from passers-by. Trade is split local sales 20% and 80% passing trade. The Colne Engaine Village Shop generated an advised turnover of around £269,000 as of the 2017 accounts, with a gross profit of 16%. Although, this is a healthy turnover we feel there is scope to increase this figure. The purchaser could look to introduce hot and cold food sales. The property has a fully equipped kitchen, this could be transformed into a commercial kitchen if required.
Opening later hours could also be something the purchaser considers. The business is currently open 7-7 every day of the week.
This is a fantastic opportunity that would be ideal for a husband and wife team or partnership looking to run a bustling village store. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
The Colne Engaine Village Shop is located in Colne Engaine, Colchester, Essex.
The store is set in a picturesque village location. This is a residential location; from which the store sees 20% of its trade. There is ample parking in the area and there is a drive for staff parking.
Colne Engaine is a village just north of the River Colne. The village is approximately 10miles northwest of Colchester a large well known town of Essex. Colne Engaine has all amenities and some independent retailers, this includes a church, primary school, pub, farm, car sales, wedding car hire and a bed and breakfast. The village had a population of circa 1,008 as of the 2011 census.
The business is set on a main road that runs through the village. The A131 arterial a-road is also close by. This road runs into Chelmsford and Bury St Edmunds. There is a bus stop directly outside the store, this has regular daily routes into Colchester town centre.
The Colne Engaine Village Shop boasts a good sized detached ground floor shop with adjacent garage used for storage. There is a drive by the entrance for staff parking. The property is well-signed and looks presentable. A ramp leads up to the main entrance, this has a hand rail.
On entry is the large recently refitted retail space. By the entrance is a corner service counter with counter top displays, cigarette gantry and shelving behind. There is perimeter shelving around the store and central isles.
There is also a staff toilet with sink, staff kitchen and a rear household area.
The garage is a good size, this is accessed via the door to the right of the shop entrance. This space is equipped with shelving.
Equipment included in the sale: -
Glass topped ice cream freezer
6ft high central gondolier shelving unit
4 x tall glass fronted chillers
Glass fronted freezer
Greeting cards and household shelving area
Air conditioning unit
4 x camera CCTV system
Retail data partnership epos till with audit and ordering facility
Nescafe hot water machine
Stainless steel sink and cupboards
Wall mounted cupboards
Single chest freezer
Under counter fridge
3 x sets of storage racking units
Newspaper storage shed.
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 3 years.
New lease to be negotiated with the purchaser.
Rent: £8,640 per annum.
We are advised there is a flat above the business (not included in the sale) and that the landlord is currently looking for a tenant.
The business opening hours: -
Monday - Sunday: 7am – 7pm
The business is run and managed by our clients.
The Colne Engaine Village Shop generated an advised turnover of around £269,000 as of the 2017 accounts, with a gross profit of 16%.