Status: Completed
Tenure: Leasehold
Leasehold Rent: £18,000 per annum
Turnover: £297,185
Charming Village Store in Lea, Herefordshire For SaleCharming Village Store in Lea, Herefordshire For SaleCharming Village Store in Lea, Herefordshire For Sale
£69,950 + SAV

Charming Village Store in Lea, Herefordshire For Sale

Completed
  • Reference: 2586
  • Location: Ross-on-Wye, Herefordshire
Hilton Smythe are delighted to offer this charming village store to the market, which was established over 100 years ago. Our clients have owned since 1988 and only offer the business for sale due to their wish to retire. The business operates 6½ days per week and generates a turnover in the region of £297,000 per annum, with a gross profit of approximately 20%.

The business retails a wide variety of general convenience items including fresh fruit and vegetables, newspapers and magazines, groceries, a selection of cosmetics, cigarettes, wines beers and spirits. The business has an excellent reputation locally, due to the high quality of the goods and service offered, which has resulted in a very loyal client base.

The premises are well-equipped to suit the trade with a spacious shop area with numerous display units and a large counter with electronic cash register.

The business could be further developed with the introduction of Payzone, Lottery terminals and newspaper rounds. The village's milkman has recently retired and so a milk delivery service to local residents could easily be resumed by Lea Village Store.

Early viewing must come highly recommended.

TENURE

Advised leasehold with 4 years remaining of a 12 year lease.
Rent currently stands at £8,500 per annum.

HOURS

The business currently observes the following opening hours:

Monday to Friday: 8am - 1.15pm and 2pm - 6pm
Saturday: 8.30am - 6pm
Sunday: 9am - 1pm

The business is closed for all the Bank Holidays.

STAFF

The business is owner ran and managed, with the assistance of 1 part time member of staff.

FINANCIAL PROFILE

The business currently generates a healthy turnover of approximately £300,000 per annum, with a gross profit of 20%
This business is situated on the main road through the idyllic Herefordshire village of Lea. Lea lies approximately 5 miles South East of the market town of Ross-On-Wye and 13 miles North West of the City of Gloucester.

Nearby are other complementary businesses such as a public house, and a guest house. The business benefits from much passing trade as a result of its main road location, with a bus stop adjacent to the premises.
The business occupies a beautifully presented multi -fronted, detached premises. Internally, the premises are well presented and fitted with the main retail area briefly comprising:

Serving counter with electronic cash register.
Perimeter shelving.
Cigarette gantry.
Magazine racking.
Freezers.
Drinks chillers.
Chilled dairy cabinet.

Drinks storeroom with:

Perimeter shelving and bread oven for the preparation of bread rolls, baguettes etc.

Main stock room with:

Perimeter shelving.

Kitchen with:

Beamed ceiling.
Good range of base and wall units.
Range style stainless steel cooker.
Stainless steel extractor.
Stainless steel sink unit with double drainer.
Room for a good size table and chairs.

Veranda/utility area with:

Door leading to garden.
Upright refrigerator/freezer.

To the first floor is the well-appointed, three bedroom owners accommodation comprising:

Dining room.
Lounge.
Bathroom.
3 x double bedrooms.

External with:

The stunning exterior has recently been re-decorated.
The stunning exterior has recently been re-decorated.
To the rear of the premises are the beautifully maintained private gardens with lawn area, flowerbeds and specimen shrubs. The garden also has vehicle access.