Business for sale

Business 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

General Information
Trading hours:7 Days a Week
Property:Leasehold
Lease terms: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
Living accomodation:BUSINESS PREMISES A detached property briefly comprising of: 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 First Floor - Fully fitted kitchen/diner - Delightful lounge - Main double bedroom with fitted wardrobes - Bathroom/shower and separate w/c - Second double bedroom - Third bedroom with built in wardrobes
Location:Our client is located in a delightful village in Bedfordshire on the busy A5120 which leads to the M1 motorway network.

The business acts as a hub for the village centre and has a monopolistic trading position.

The immediate area is surrounded by middle to upper class homes.

There are 6 dedicated car parking spaces for customers to the side, together with private owner’s car parking to the rear.

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.