Ref 7019 – Leasehold Convenience Store & Post Office With Accommodation Blacks Brokers are pleased to bring to the market this leasehold convenience store & Post Office with accommodation located in Hodnet, Market Drayton. Introduction
Hodnet Stores was established over 100 years ago and our client took ownership in 2015. During the last four years, our client has invested over £25,000 in refurbishment of the shop when they took over and also introduced The Post Office. This has brought new life to the store, with a range of new local customers. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Location
Hodnet Stores occupies a prominent trading position in the village. The area is densely populated residentially with limited commercial neighbours. The village church is immediately opposite and there are schools, nurseries and other local amenities nearby along with a number of housing areas. The area is well linked by the A53 with good public transport links and parking is available in the immediate area. Reason for sale
The business is ideally suited to a hands-on owner-operator but due to our client’s relocation, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level. Lease
The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2018 at a cost of only £173 per week. This includes the large owner accommodation within the ground and first floor. Staff
The business operates with five part time members of staff in employment supporting our clients partner working on a full time basis. Financial details
Hodnet Stores has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has Accounts Year End 31st May 2019, Annual Turnover (Year End May 2019) £358,086, Gross Profit (Year End May 2019) £66,394, and a Post Office Income £13,500. This includes £41,000 per annum of National Lottery takings. Full financial information is available after viewing. Business rates
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable. Summary
This is a long established and extremely well known shop and Post Office which occupies a superb trading position and has a strong base of regular customers in place. There is plenty of scope to develop the business further with the introduction of a new product lines and longer opening hours – particularly on a Sunday. There is very limited competition in this area. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £99,000.
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