£0 £1000000
£0 £1000000

Community Post Office/Cafe/Convenience Store

Cheltenham, Gloucestershire

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£99,999 +SAV

Ref: 2789 H

Leasehold

Overview

Reduced price of the business due to health reasons Hilton Smythe is delighted to introduce to the market Gotherington Village Store. This traditional post office was originally established in the 1970’s, and has grown with the town. Our client first took over the store in 2009, and has really enjoyed running a thriving post office in such a brilliant area. Our client is now looking to reluctantly sell the business after facing health issues. Due to this the store has been run at a steady pace to suit our client needs. Leaving room for a new owner to thoroughly increase turnover. The store currently runs as a post office, convenience store and offers craft classes. The business also has a fantastic popular café which offers sandwiches, hot snacks, tea and coffee etc. This generates a combined advised turnover of around £195,000 per annum with a gross profit of 42%. They currently offer 4 newpaper delivery rounds, however there is demand for more which would increase this extra revenue further. There is great potential within the store and could be changed totally as all fixtures& fittings are removable. I.e. Restaurant, health rooms, hairdressers etc. Below are a few ideas that could be done to increase turnover: Advertising and marketing campaign, the current owners carried out a leaflet drop when they first took on the business, this had great success. Consider offering pet supplies, we are advised this is often asked for in the shop. Develop the outside catering side of the business particularly the corporate side, there are several large companies nearby notably ‘Zurich’ and ‘Smiths Industries’. Open as a bistro in the evenings, the current owners have been offering gourmet nights with 7 course dinners and these have proved extremely popular with the local villagers. The current owner is well known for her craft classes, i.e. sewing, painting, card making and glass painting etc. The owner could consider craft table hire. Use the wall space in the cafe for displaying art works to be sold on a commission basis. Maximise the use of free social media. Extend the opening hours The accommodation can be sublet to gain further income These are just a few ways in which we believe could highly increase turnover. The post office is the hub of the village offering many services. This would be the perfect opportunity for a husband and wife team looking for a new lifestyle, or people who are just simply looking to be in the centre of a vibrant village. This business is a fantastic opportunity with a huge amount of potential. The property comes with fantastic owner’s accommodation and really is a turnkey opportunity. We highly advise early viewing to avoid missing out on this wonderful business, property, home and life style.

Turnover
The business reports a turnover of £195,000 per annum.With a gross profit of 42%

The business is run and managed by the owner with the assistance of 1 part time and 8 casual members of staff.

The business opens:- Monday-Friday: 6:30am – 5:30pmSaturday: 8am – 12pmSunday: 9am – 11am

Gotherington Village Store is located in the beautiful village of Gotherington within Cheltenham, Gloucestershire. This historic town has a wealth of grade 2 listed properties, and is a fantastic place to live and work. The area is surrounded by countryside and farm lands. Despite the small village surroundings, there is a generous amount of village stores, pubs, eateries and tea rooms. The village is well connected with a great amount of public transport links. Directly outside of the post office is a bus stop. Cheltenham town centre is just a short drive away around 5.5 miles. The property is close by to the A435 which is the main road connecting the village to Cheltenham.

This perfect detached property comes with free parking immediately outside and has a private drive to one side, providing extra off-road parking for several cars. The property comes fully fitted and ready to move in to. Cafe Area Large window to front creating a light and airy interior, tiled floor, pendant lighting, tongue and groove pine panelling to dado height. A main feature in the room is the fire place with pine surrounding and marble effect inserts. In the café, there is covers for up to 40. At the side of the property is a grassed area which is perfect as an outside eating area. The cafés kitchen is well fitted with the following equipment-‘Flavel’ range type cooker with 8 rings and three ovensCoffee machineGenerous run of worktopsHanging utensil storagePerimeter shelvingTiled walls to rearStainless steel sink and drainer with cupboards beneathUnder counter fridge and freezerToasterMicrowave ovenMixer The cafe can be screened from the shop and post office by the use of pulldown blinds which makes the cafe area feel more intimate for evening dining. Shop and Post office areaBespoke timber counter housing the lottery terminal and post office counter. On the ground floor is also an office, w/c and a dry good store/freezer room with perimeter shelving and a Belfast sink, this area also has access to the side of the property. Owners accommodation The owner’s accommodation is accessed via an external staircase to the rear of the property. The accommodation is well laid out and has been kept well maintained. BathroomGood sized room, Velux window to rear, wood panelled bath with useful built in storage cupboard with shower above and glass shower screen Bedroom 1Good sized double room with window to side and built in cupboards. Bedroom 2 Generous sized room with large Velux window. Bedroom 3 Good sized double room, window to side, wardrobes included. LoungeThis is a particular feature of this property. The lounge is an impressive large room and would be ideal for use by a growing family. This is a fantastic space with a dining area. KitchenA well fitted and well maintained kitchen, beech effect wall and base units with silver coloured handles in a contemporary style. Generous run of work tops in a black marble effect, tiled walls, serving hatch to lounge. There is space for a cooker and fridge freezer, peninsula unit with chrome legs and glass doors, space for washing machine and also a dish washer. The property is well signed with a traditional characterised feel. We are advised there is also a sign written delivery van available on separate negotiation. The accommodation can be sublet to gain further income.

Tenure
We are advised the business is leasehold Original lease length 15 yearsNew lease will be assignedRent £1,200 per monthBusiness is currently exempt from paying business rates

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