Community Post Office and Convenience Store

Ludworth, Durham
REF: R07518

Asking Price:
£249,000
Annual Turnover:
£434,832
Annual Net Profit:
£58,318
Recently Sold
REF: R07518
Photo of Community Post Office and Convenience Store
Photo of Community Post Office and Convenience Store
Photo of Community Post Office and Convenience Store
Photo of Community Post Office and Convenience Store

Overview

Tenure:
Freehold
Established:
2000
  • Excellent Reputation
  • Accommodation Included
  • Equipment Included
  • Very Loyal Customer Base

Trading at this site for over 100 years and under present ownership since 2005, this popular community post office and convenience store has been serving the local community of Ludworth Village in Durham.
 
Providing essential services such as parcel drop off and pick up and Pay Point, as well as lottery tickets, alcohol, newspapers and groceries, the store is visited daily by locals and those passing through the area.
 
As the current owner is now seeking retirement, a new owner is required to continue running the business profitably and maintaining its excellent reputation.

Externally, the store has bold, welcoming signage which attracts people inside. To the left of the entrance are fridges and chiller cabinets containing drinks and a wine display unit further on. To the right is an ATM machine and a TV mounted on the wall, with a long customer counter, with a Post Office counter to the left. Throughout the shop there is various shelving with confectionary, greetings cards and toiletries. To the rear of the shop is a fully-fitted kitchen, toilet facilities, stock room and office area, with an exit door leading to the back yard with two sheds and secure gate.​

Below the shop is a cellar for storage, whilst above there is a three bedroom flat with a separate entrance, complete with a living room, kitchen and bathroom. The flat is currently rented out at £450 per month.​

The business would suit someone local or wishing to own a business which is a cornerstone of the local community and could develop the store in various ways.​

Opening longer hours would be a great way to take advantage of later trade and meet demand from the local community. The current licence allows from 7:00am until 11:00pm ​

Widening the business’s variety of products on offer to include hot food would also help to increase trade. Homemade sandwiches have proven very successful in the past​

The existing owner is happy to stay on for a transitional period upon sale to hand the business over smoothly.​

Location

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Property

Rates
TBC
Accommodation Included
TBC
Freehold Property Value
£150,000
EPC Rating
C 51-75

Financial & More

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Annual Net Profit
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Stock at Valuation
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Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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