For Sale

Village Post Office General Store & Delicatessen

Loughborough, Leicestershire

£79,999 +SAV

Ref: 14181 H

Contact sales negotiator

Aidan Murphy

01204556301

Email Aidan Murphy

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Description

Cross Street Stores has been operated by the current vendors for over 14 years and has established itself as the centre of village life having been in this location for over 100 years. Our client now looks to sell the business, due to the desire to take a well-deserved retirement.

The shop offers a wide range of services and produce to serve the village and the surrounding communities. The shop is fully licensed and stocks a wide range of convenience store essentials, greetings cards, fresh groceries, frozen foods, solid fuels, newspapers, confectionery and homewares; as well as operating as a delicatessen counter selling a range of homemade sandwiches.

Cross Street Stores has the added benefit of a secure Post Office counter utilising the pay station service, national lottery and regular paper rounds.

The site offers an excellent opportunity for a new operator to take this well-established business to the next level. The site would further benefit from an expansion of its current range of goods, extended hours and a home delivery service. The village and surrounding areas are experiencing growth in residential dwellings so the business has the potential to grow further generating new income streams as well as increasing historical sales.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity.

New lease to be negotiated with the landlord.
The current rent passing at £450 per calendar month.

Hours

The opening hours are currently:

Monday to Friday: 6.30am to 7pm
Saturday: 6.30am to 4pm
Sunday: 6.30am to 1pm

Staff

The business is run and managed by the current vendors.

Financial Profile

We are advised the business is currently turning over in the region of £240,000 per annum trading limited hours with a healthy gross profit.

Post office salary £19,000 per annum

There are currently no rates payable on the business.

Location

Situated towards the end of Cross Street in the sought-after village of Hathern, the site is set in the centre of this growing and prosperous village. Hathern is a large village and civil parish in Loughborough, Leicestershire.

The village itself is located in the north of the district, and is just north of Loughborough, accessed via the A6. There are great close links to Leicester, Nottingham and Derby either by 24-hour bus service or by easy access to the M1 and rail services. East Midlands Airport is also only a 15-minute drive away.

Premises

Ground floor convenience store with secure Post Office to the rear of the site.

WC

Equipment included in the sale: -
All display counters shelving
Storage units
Refrigeration units
Cold food display counters
Drinks & food chillers
Post office desk
Secure storage units

All the necessary equipment for the business to continue trading in its current format.

Unrestricted parking to the front of the store and within the surrounding residential area.

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