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7089MK BEDFORDSHIRE L/H£159950 CONVENIENCE STORE & POST OFFICE

Asking Price: GBP 159950
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Business Location: United Kingdom » Bedfordshire » BEDFORDSHIRE 
Category: Retail » Convenience Stores
Description:
Advent Business Sales have been
instructed to offer for sale this quality
well established profitable concern.
It has been trading successfully for 50+
years with the current vendor at the
helm for some 20 years.
This splendid opportunity has arisen as
the vendor wishes now to retire at the
age of 70.
The business operates on lines of a
supermarket and Post Office, offering
all the normal goods for sale and Post
Office services including:
? Cigarettes and tobacco
? Beer, wines and spirits
? Confectionery, snacks and crisps
? Frozen foods
? Ice cream and tinned foods
? Ladies tights etc
Our client is an agent for Camelot and
offers the Lottery.
The surrounding villages use the Post
Office and store on a regular basis.
Many have expressed their wishes for
newspaper deliveries.
EXPANSION POTENTIAL
There is enormous scope to take
advantage of the alcohol licence by
extending the closing time, which is
currently 7pm during the week, 5pm on
Saturday’s and 1pm on Sunday.
TRADING HOURS
Mon – Fri: 7.00am – 7.00pm
Sat: 8.00am – 5.00pm
Sun: 8.00am – 1.00pm
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
2005 a/c’s: £328,841 ex VAT
Gross Profit: £96,450 inc PO salary
PO Salary: £21,346
Net Profit: £70,000 including wages
Accounts will be made available to
interested parties after a viewing has
taken place.
Please let us know if you require finance
for the purchase of a business.
BUSINESS PREMISES
A detached property briefly comprising:
Ground Floor
? Entrance
? Counter with cigarette gantry to
rear
? Lottery point
? Good standard of racking and
shelving throughout
? Counter secure Post Office
? Storage to rear
? Small office
? Gardens
? Double garage with secure private
car parking to rear
? The sales area is approx 1000 sq ft
First Floor
? Fully fitted kitchen/diner
? Delightful lounge
? Main double bedroom with fitted
wardrobes
? Bathroom/shower and separate w/c
? Second double bedroom
? Third double bedroom with built in
wardrobes
External
? To the front side of the property
are approx 6 dedicated car parking
spaces for customers
TENURE: Leasehold – with
first refusal to purchase freehold
Current Lease: 21 years
Lease Remaining: 2 years
Review every: 5 years
Annual Rent: £15,000
Landlord will give a new 12 year lease
We are advised that the annual business
rates are currently: £3,820
 
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Financial Information:  
Annual gross sales: (GBP) 328841
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 70000
General Information:  
Business Area:
Year Established: 1988
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
No of trading hours: Mon – Fri: 7.00am – 7.00pm
Reasons for selling:
 This splendid opportunity has arisen as the vendor wishes now to retire at the age of 70.
Market competition and expansion:
 There is enormous scope to take advantage of the alcohol licence by extending the closing time, which is currently 7pm during the week, 5pm on Saturday’s and 1pm on Sunday.
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