Income c. £125,000 per annum/po salary c. £30,000 per annum
£3000 rent pa pays no rates
Retirement sale, viewing recommended
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Description This is a well established and well used convenience store, post office and tea rooms, situated in a popular Cambridgeshire village. The business is very much a part of the community with people using the shop and post office facilities on a daily basis, due to the lack of competition close by.
The business is presented in good condition throughout, especially the tea rooms on the first floor which provides a welcoming feel when entering from the street. The business has been run under the current ownership since 2005, although we have been led to believe that there has been a post office and convenience store trading from the same spot for many years.
Due to the location and area in general the business has built up a loyal and regular customer base, which produces a good level of income each week along with good profit margins on the retail sales and has a strong post office salary. In addition, there is a third income stream which comes from the tea rooms.
The tea rooms offers a real ‘olde worlde’ feel with beamed ceilings plus cups and saucers which provides a feeling of stepping back in time. The tea rooms menu offers breakfasts, light lunches and afternoon teas, with all the food being prepared fresh to order, along with homemade cakes. There are 18 covers in total arranged on traditional tables and chairs.
Sales Annual po income approximates to c. £30,000.
Accounts Accounts to the year end 05.04.18 show an income of £123,598.
Accounts are available on request.
Trading Hours Shop Monday - Friday 07:30 to 17:30 Saturday 07:30 to 15:30 Sunday 07:30 to 15:30 Bank Holidays 09:00 to 11:00
Post Office Monday - Friday 08:30 to 17:30 Saturday 09:00 to 12:30 Sunday & Bank Holidays – Closed
Tea Rooms Monday - Friday 09:30 to 16:30 Saturday & Sunday 09:30 to 15:30 Bank Holidays - Closed
Staff The business is managed by the owner along with several part time members of staff, some of which work on an ad hoc basis.
Building External The business operates from a highly visible, deceptively spacious, two storey period property. We have been advised that the property dates to the 16th Century and is situated within the centre of the village.
Building Internal The business provides a welcoming, light and airy feel when entering from the street, with a single retail till and one secure post office till. The premises are presented in good condition throughout, along with good quality shelving, fixtures and fittings. As mentioned previously, the tea rooms operate from the first floor.
Ancillary Areas Stock room Staff WC Kitchen
Residential Accommodation There is no residential accommodation for owners/management available.
Tenure We are advised that the property is held on a 15 year lease which commenced in 2013. The annual rent is £3,000 exclusive (correct as advised on 22.11.18). Rent reviews are at 5 yearly intervals.
We have been advised that the lease is renewable subject to landlord approval. We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary This is an ideal lifestyle change opportunity for an energetic family unit/owner who can build upon the excellent reputation the business has within the area. Whilst profitable under the current ownership there is genuine growth potential left for any new operator to exploit.
A viewing is highly recommended to fully appreciate the idyllic and peaceful village location within easy reach of the A1.
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