£0 £1000000
£0 £1000000

General Store & Post Office With Enviable Reputation

Stafford, Staffordshire

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£159,999 +SAV

Ref: 14000 D

Leasehold

Overview

There has been a newsagent’s business at these premises since the early 1960’s. The current owners have been running the business successfully for the last 14 years and are now selling reluctantly to concentrate on other business interests. The business comprises a thriving and lucrative Convenience Store with a popular and well used community Post Office which is currently the hub for three ‘Outreach’ Post Offices in neighbouring villages. There is little or no competition locally and the business really is the ‘heart of the community’ with lots of regular customers many of whom are known by the owners on a first name basis; additionally, the business benefits from great footfall and passing trade. The Post Office salary is £42,000 per annum and the news bill is an impressive £1,800 per week. The business offers two newspaper delivery rounds at weekends only. Scope to Improve Extend the opening hours, licensed to 22.00 seven days a weekOffer a grocery delivery service Introduce newspaper roundsConsider a loyalty card/scheme.

Turnover
Annual turnover is approximately £624,000 per annum excluding the Post Office salary of £42,000.

The business is owner managed with the assistance of two-part time members of staff.

6am - 8.30pm seven days a week.

Haughton is a village in Staffordshire, approximately 4 miles to the west of Stafford town. It lies on the A518 between Stafford and Gnosall. The business is perfectly situated in the middle of the village in a small but busy shopping parade on a main road position, alongside other complimentary retail businesses such as a butchers and hairdressers. There is on street parking immediately outside the business and a generous free car park to the rear. The business is immaculately presented and maintained with good signage.

The business occupies the ground floor of a generous terraced retail unit and was fully refurbished at considerable cost to the current owners about seven years ago. ShopWindows to front creating a light and airy interior, tiled floor and suspended ceiling with concealed lighting. Equipment includes: -24 camera CCTV systemBespoke counter with generous wrapping areaOpen Post Office counterCigarette gantryLong open chillerGreeting card rackingCentral shelving gondolaMagazine & Newspaper rackingTwo glass fronted drinks chillersGlass topped ice cream freezerFurther open dairy chillerDouble glass fronted food freezersATM To the rear of the shop there are ample storage facilities and a staff toilet.

Tenure
The vendors own the Freehold of the business premises and will grant a new lease for a period of 10 years at an initial rent of £15,500 per annum. Rent reviews will be at three yearly intervals. There are no business rates currently payable.

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