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Long Established Multi Facet Business in Coningsby, Lincolnshire for Sale

Lincoln, Lincolnshire

£477,000 +SAV

Ref: 2351

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Description

Hilton Smythe is delighted to welcome to the market this Book Shop, Stationers Post Office business in Coningsby. The business was established in 1925 and has been in our client’s family since. It is only now being offered to the market due to our clients` desire to take a well-deserved retirement. The business is open 6 days a week and generates a turnover in the region of £143,000 per annum with a gross profit of approximately 41% and a post of salary in the region of £101,000. Coningsby Post Office & Bookshop is a long-established family run multi facet business, which is well known in the area and is very popular with a loyal customer base. The business has a Facebook page with growing customer interaction, www.facebook.com/coningsbybookshop. The business offers a lot of popular services including a commercial status 4 position Post Office with Royal Mail Sorting office to the rear and a mobile Post Office van serving 7 out-lying villages over a 5 day week, all of which generates a fantastic Post Office salary of £101,141 per annum. The shop also stocks a wide range of different products such as cards, stationery, books, craft and art materials, Knitting yarns, wrapping paper, calendars, diaries, stickers, toys, and gift items. Other services include a dry cleaning agency and shoe repair agency both for local businesses. We feel the business could possibly expand to offer further services and products such as general food and drinks and household items, which could increase the customer base and turnover. The premises is complete with spacious owner’s accommodation, which is fitted to a high standard and is beautifully styled throughout with 3 bedrooms including a master bedroom with en-suite. The dining room leads onto a large covered patio area, the premise further benefits from a 4 car garage. This is an excellent opportunity for a new owner to take this long-established business with excellent owner’s accommodation to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Tenure

Freehold

We are advised freehold.

Hours

The business is open: Monday - Friday: 9am till 5:30pmSaturday: 9am till 5pm

Staff

There are 10 staff most of which are part-time.

Financial Profile

We are advised the business generates a turnover in the region of £143,000 per annum with a gross profit of approximately 41%.The post office has a salary of £101,141 per annum.

Location

Coningsby Bookshop & Post Office is located in Coningsby, Lincolnshire. Approximately 25 miles from Lincoln and 13 miles from Boston. The next nearest market towns being Sleaford and Horncastle. The business is situated on the A153, in the town centre, which is the arterial road to Skegness, and there are many complimentary shops and businesses in the area so generating a good amount of footfall and passing trade. There are 3 Primary Schools and 1 Secondary Academy within a short walking distance. Coningsby is a small but growing town with a population in the region of 4,000, having gained town status a few years ago. It is in the East Lindsey District of Lincolnshire and is conjoined with the Village of Tattershall, which has a tourist attraction, Tattersall Castle owned by the national trust. Lincolnshire is a historical county in the east of England. It borders Norfolk to the South East, Cambridgeshire to the South, Rutland to the South West, Leicestershire and Nottinghamshire to the West, South Yorkshire to the North West and the East Riding of Yorkshire to the North.

Premises

Multi fronted semi-detached parade premises, Briefly summarising:- Cellar:Cellar underneath the premises which is approximately 48 square feet in size. Ground floor:The ground floor is made up of a good sized shop area with 2 service counters and tills with EPOS, the shop also has a central display stands with perimeter book shelving which is sectioned into different reading interests, card display racking units, display stands, Wool display, Stationery, gifts on top and display shelving. The shop is well presented and is fitted to a high standard and has public pedestrian access from the A153 at the front and from the public car park at the rear. The post office has a four secure position post office counters with rear secure office. An internal passage leads to a private area with 5 storage rooms which are racked and shelved, 2 offices, 2 staff toilet facilities, staffroom, large sorting office which is fully racked for purpose, top cellar area with access to lower store area A passage area also leads to access stairs to private accommodation and side access door leading to rear garden and access gates from public car park to rear to a large 4 x car garage. First floor:The first floor is used for owner’s living accommodation and comprises of a large lounge area, a hallway with floor to ceiling fitted shelving, a large kitchen area and dining room, master bedroom with en-suite bathroom, 2 further double bedrooms both with fitted cupboards and shelving, full sized shower room, there is also the covered patio. The accommodation is has full central heating and is decorated to a high standard and is well presented. Security:The premises is secured with the use of shutters on all doors and windows (excluding the main shop window which is alarmed) on the ground floor (some electric) and all first floor windows to the rear of the business. It is fully alarmed and monitored system, the rear access gates are also electric.

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