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Property Listing Details

Property details

Features

  • Leasehold
  • Convenience Store, Post Office and Tea Rooms
  • Income c. £125,000 per annum/po salary c. £30,000 per annum
  • £3000 rent pa pays no rates
  • Retirement sale, viewing recommended

Listing view statistics

Last 30 days: 49 page views

Since listed: 1273 page views

Description

Reference - 46878

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.

Map & Nearby

Local Amenities

  • Peterborough 3.9 miles
  • Whittlesea 8.9 miles
  • Orton Wistow Primary School 0.8 miles
  • Ormiston Meadows Academy 1.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Peterborough 3.9 miles
  • Whittlesea 8.9 miles
  • Orton Wistow Primary School 0.8 miles
  • Ormiston Meadows Academy 1.2 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Kings Business Transfer. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Kings Business Transfer for full details and further information.