Licensed Convenience Store with Post Office and Accommodation in Shrewsbury
Kidderminster, Worcestershire, West Midlands
Advert ref: 1023NJ
If you're looking for a fantastic investment opportunity in Cleobury Mortimer, then look no further than this exceptional convenience store and post office. Situated in a prominent location on the main street of this charming market town, this business has been well-run and has earned an excellent reputation for providing an extensive range of high-quality produce.
One of the key advantages of this business is its location, which benefits from ample free on-street parking. This means that customers can easily access the store and post office, making it a popular destination for locals and visitors alike. The post office also has a salary of c£20k, which provides a stable income stream for the new owners.
The convenience store and post office is a well-established business that has been successfully run by the current owners since 2019. It has consistently generated weekly sales of £4200, demonstrating its strong customer base and potential for further growth. With the right marketing strategy and additional services, there is potential to increase these sales further.
The substantial self-contained accommodation above the store offers a fantastic opportunity for the new owners to live on the premises or rent out the space for additional income. This spacious accommodation is well-appointed and has been meticulously maintained, providing a comfortable and convenient living space for the owners.
Overall, this is an exceptional investment opportunity that offers a range of benefits, including a prominent location, excellent reputation, extensive range of produce, and substantial self-contained accommodation. With a proven track record of success and significant potential for further growth, this convenience store and post office is the perfect choice for anyone looking to invest in the thriving town of Cleobury Mortimer.
Opportunity:
This opportunity presents itself as a strong and stable investment, and it offers multiple paths for growth, making it an excellent purchase for entrepreneurs looking to break into this industry or expand their existing operations. The business is a convenience store that also houses a Post Office and has the potential to become a domestic and commercial landlord.
For those without any experience in the industry, this opportunity provides a way to enter the market without starting from scratch. With an existing customer base and established operations, the new owner can focus on growing the business and maximizing profits.
For those who already have operations in the area, this opportunity presents a chance to bolt on an existing business and expand their footprint. This can lead to increased market share and greater profitability. Entrepreneurs looking for a diverse business opportunity will find this opportunity attractive.
The convenience store and Post Office offer stable revenue streams while becoming a landlord provides the potential for passive income. Investors looking for a hands-off investment opportunity can appoint a manager to run the business. With a strong customer base and multiple revenue streams, this opportunity is ideal for investors who want to see a return on their investment without being involved in the day-to-day operations.
In conclusion, this business opportunity offers multiple paths for growth and is a strong and stable investment.
Next steps:
To further your enquiry, please follow the instructions under 'What Do I Do Next?' at the end of these particulars.
Key features:
- Prominent location in the charming market town of Cleobury Mortimer
- Well-run convenience store and Post Office
- Excellent reputation and extensive range of produce
- Main street location with ample free on-street parking
- PO salary of circa £20k and weekly sales of £4200
- Well-established and run by the current owners since 2019
- Substantial self-contained accommodation above
- Opportunity to extend the shop and generate additional rental income
- Our client will provide a comprehensive business handover
Property Details: Leasehold
Turnover: £233,750 Annual
Location:
Situated in a prominent location on the main street of this beautiful market town. One of the key advantages of this business is its location, which benefits from ample free on-street parking. This means that customers can easily access the store and post office, making it a popular destination for locals and visitors alike.
Premises Details:
The premises are reasonably sized to service the local community with a diverse selection of produce/products and a Post Office counter at the front of the shop.
The shop also consists of a storage area at the back of the shop to store stock to service the shop.
A substantial self-contained accommodation above the shop is included in the lease with massive potential
Accommodation Included: Yes
Living Accommodation Details:
The self-contained accommodation above the premises consists of a 5-bedroom flat with separate access at the back of the building. It has been newly refurbished with a monthly rental market value of about £800.
Size in Sq Ft: 1300
Lease Terms:
The rent is currently £1666 per month. The original term of a 15-year lease with 9 years left.
Reason For Selling:
The owners seek other business interests.
Competition:
As far as we know, there's limited competition and the potential to increase demand to increase sales.
Expansion potential:
Massive potential to generate additional rental income from renting the space at the back of the premises. Therefore, a visit to the site is essential to understand the opportunities available.
Trading hours:
Mon-Sat 9:00am-9:00pm
Sunday 9:00am-8:00pm
Further potential to expand the opening hours
Support & training:
Our client will provide a comprehensive business handover to ensure a smooth ownership transition and trading continuity.
Rates:
The business currently benefits from Small Business Relief.
Costs:
Each party to be responsible for their own legal and professional fees.
Fixtures and fittings:
All fixtures and fittings are included in the sale price.
Financial Details
- Leasehold: undisclosed
- Turnover: £233,750 Annual
- Net profit: undisclosed
- Fixtures value: undisclosed
- Stock value: undisclosed