Worcester, WR4

Leasehold Convenience Store & Post Office Located In Worcester

2 Bedroom flat above (Rental Income £125 PW)

Post Office Salary £60,000 PA

Retail (2,000 Sq ft)

Ref 2372

Location

This established Convenience Store & Post Office is located in Ankerage Green, Worcester. The business is positioned within a busy precinct along with other complimentary retailers to include a hairdressers, estate agents, dentist, fish & chip shop, Chinese takeaway, children's day nursery and public house, all of which bring high levels of footfall. The immediate area is densely populated with residential houses and can be easily accessed by the M5 motorway with is less than 1 mile away.

Asking Price: £104,950 plus SAV (£30,000)

Business Description

Veritas Business Sales are delighted to offer for sale this outstanding Convenience Store & Post office which is located in Worcester. The business has been established for 10 years and has been in the careful hands of our clients for the past 6 years. Reluctantly the business is now being offered for sale to so that they can concentrate on other business interests. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. J S Convenience Store is overseen by the owners but is mainly operated by a team of 1 full time and 4 part time staff members and has an impressive weekly turnover of circa £13,000. This is a main local post office and the salary is an impressive £60,000 pa. They retail groceries, bread, frozen foods, dairy produce, stationary, cold drinks, slush puppies, confectionery, newspapers, magazines, greeting cards, hardware, toiletries, pet foods, tobacco, beers ,wines and spirits. Other services include an ATM cash machine and instant coffee machine. The property also comes with a 2 bedroom flat above which is currently sub-let for £125 per week. We believe that there is further potential to increase trade by expanding upon the current opening times and having a more hands on owner operator. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is priced sensibly and is great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Opening Hours

Monday - Sunday - 8.00am - 9.00pm

Post office hours

Monday - Friday - 9.00am - 5.00pm

Saturday - 9.00am - 1.00pm

Leasehold

Original term: 15 years

Remaining: 10 years

Rent: £32,000 plus vat pa

Reviewed: 5 yearly

Rates: £12,000

Ground Floor

Retail comprising: serve over sales counter with 2 x electronic EPOS cash registers, lockable tobacco kiosk, news & magazine shelves, sales & display shelves, stationary section, greeting cards section, ice cream fridge, instant coffee machine, ATM cash machine, 2 x 2 door Coca Cola fridge, single door drinks fridge, large dairy chiller, large beer fridge, 4 x central display isles and 2 position post office counter.

Stockroom with racking and doors to rear.

Stockroom with storage racking.

Hallway with sink drainer, base unit, tea & coffee area, fridge and microwave.

Spirits storeroom with safe.

Office with desk & CCTV monitor.

Toilet with wash basin and staff lockers.

First Floor

Double bedroom

Single bedroom

Kitchen

Lounge

Bathroom

(gas central heating)

The retail benefits from redcare alarm, CCTV (16 camera system) and air-conditioning unit/hot air blower