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Post Office, Convenience & Off Licence (Accommodation available)

Cleobury Mortimer nr Kidderminster

Leasehold Price TBC (Ref 5704)

Business Description

A very well established convenience & off licence business for sale in a very affluent area. The business is well positioned on a busy road within the village of Cleobury Mortimer. We are advised this is a profitable business with weekly sales circa £6,500 per week.

Business

The business has a prime location with car parking outside the shop and post office service which currently offers a £22K net year salary. The trading area features a large 3.75m closed beer & wine chiller and 3.75m closed dairy chiller. Other features include an EPOS till system, electric shutters, CCTV & alarm system. The shop is currently owner operated with 2 employees.

The owners’ reason for sale is due to other business commitments. Current lease has 13 years remaining.

Accommodation

Accommodation above the business is available on request.  A well presented 5 bedroom property with lounge, kitchen and bathroom and a further optional 1 bedroom property to the rear of the shop. Please contact us for further information on the details of the accommodation.

Shop Dimensions

Trading Area: 70 m² (753 ft²)
Stockroom Area: 85 m² (914 ft²) 

Financial Information

Leasehold Price
£29,950

Weekly Sales
£6,500

Annual Sales
£338,000

Annual Business/Accommodation Rent
£18,000

Business Rent
£9,600

Accommodation Rent
£8,400

Garage Income (Annual)
£2,400

Business Rates
Current rateable value £10,000
(Business rates relief available please see below *)

Post Office Salary
£22,000 (Net)

Fixtures & Fittings Estimated Value
£15,000

Annual Net Profit
Available on Request

Gross Profit Margin
24%

Accounts Available
3 Years

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) Click here for more information

Further Details

Premises Licence
The premises has a licence to sell alcohol

Lease Terms 
Lease expiration 01/11/2032

Employees
1 full time and 1 part time employee

Employee Information
Total of 72 staff hours at a wage of £7.50 per hour

Commissions on Services
Approx £200 per month

Stock Value Estimated
Approx £20,000

Trading Hours
Monday – Friday 7:00am – 9:00 pm
Saturday 7:00am – 9:00 pm
Sunday 8:00am – 8:00 pm

Key Features

•  Accommodation available on request

•  Profitable business

•  Long term lease

•  Business well established

•  Very desirable area

Location
Situated in Cleobury Mortimer, a market town and civil parish in Shropshire near Kidderminster in the midlands area west of Birmingham, United Kingdom.
Location on Map

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Convenience Off Licence & 5 Bed Flat 5704