Sold
Traditional Village Convenience Store
Colchester, Essex
- Asking Price: £48,995 +SAV
- Turnover: Colne Engaine Village Shop generated a pro rata turnover of circa £194,000 as of the first quarter 2018 accounts with a net profit of 18% as opposed to the previous owner’s gross profit, which was 16%.
- Tenure: Leasehold
Hilton Smythe welcomes to the market Colne Engaine Village Shop, which has been on this site for decades. Due to Personal circumstances our client is now looking to sell.The business runs as a traditional village convenience store offering a huge range of products. The store sells,• Local fresh vegetables which are delivered daily • Fresh bread from a local well-established bakery• Local meat• Cheeses • Fresh takeaway food and hot drinks• Newspapers and magazines• Ice creams• Alcohol • Lottery• Cigarettes• Full convenience range• Household goods• Stationery• Toiletries• Greeting cardsThe store also provides a parcel collection point, as well as dry cleaning. Colne Engaine Village Shop includes its own Facebook page.There are 5* reviews on Google.Our client has currently put in an application to the Post Office to have a Post Office counter in place. Our Client has been in ownership since 2017 and has increased the profitability of the business dramatically in that time, however, there is scope for further development,• Christmas orders, Valentine’s day gifts, Mother’s Day and Father’s Day gifts • Continue with the Post Office applicationThere are many reasons to buy the business including,• Long established customer base• Extremely low competition levels • Recent increased revenue• The Premises benefits from an on and off license meaning people can consume alcohol on premises or take away from 7:00am until 10:00pm, 7 days a week.• Potential to extend hours to further increase revenue• Possible accommodation on site Hilton Smythe highly advise early viewing to avoid disappointment.
The business is run and managed by our client, with the help of 2 part time members of staff.
Monday to Saturday 7am till 7pmSunday 8.30am till 2.30pm
Colne Engaine Village Shop is located in the picturesque village of Colne Engaine, just a few miles from Halstead, Essex.The village shop is the only shop in the village with the best available parking that service the several local villages and beyond, being set on a busy link road there is lots of extra passing custom.Colne Engaine has all the amenities that you would expect from a thriving village, including, school, pub, church and has a population of 1,008 as of the 2011 census.The business is set on the main road that runs through the village, the main A131 is close by and runs between Chelmsford and Bury St Edmunds. There is a local bus stop, post box and village notice board all outside attracting people to shop.
The Colne Engaine Village Shop boasts a good-sized detached ground floor shop with adjacent garage used for storage.The business benefits from excellent outside signage and lighting.There is an outside seating area which has a frame tables for outside seating. There is potential to extend further to accommodate seated food and drinks if this was of interest to the new owner. A ramp leads up to the main entrance, this has a hand rail. On entry is the large recently refitted retail space. By the entrance is a corner service counter with counter top displays, cigarette gantry and shelving behind. There is perimeter shelving around the store and central aisles. Off this main area is a further shelved area displaying more stock.There is also a staff toilet with sink, staff kitchen.The garage is a good size, this is accessed via the door to the right of the shop entrance. This space is equipped with shelving. Equipment included in the sale: • Retail equipment• Shelving • Glass topped ice cream freezer • Vegetable shelving • Newspaper racking • Bread shelving • 6ft high central gondolier shelving unit • 4 x tall glass fronted chillers • Greeting cards and household shelving area • Recently serviced Air conditioning unit • Brand new CCTV connected to web for mobile log in• Retail data partnership EPOS till with audit and ordering facility• Card machine • Electronic scales • Phone• Lottery station • Cigarette gantry• Kitchen equipment, recently purchased kettle, crockery, kitchen stalls and bins all to remain • Nescafe hot drinks machine in store• Stainless steel sink and cupboards • Wall mounted cupboards • Extraction unitGarage Equipment• Tall fridge • Tall freezer • 3 x sets of heavy-duty racking • Staff white board and notice board• Branded Parasols for seating area• Staff seating• Maintenance and cleaning products• Luxury Christmas decorations for store
Tenure
We are advised the business is being sold as a leasehold business opportunity with a 6-year Lease signed in 2017. The annual rent is £8,400.
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