Fantastic Village Shop and Accommodation in Beautiful Exmoor

Minehead, Somerset
REF: R07762

Asking Price:
£49,500
Annual Turnover:
£79,900
Annual Net Profit:
£10,700
REF: R07762

Overview

Tenure:
Leasehold
Established:
1990
  • Excellent reputation
  • Loyal customer base
  • Growth opportunity
  • Secure contracts in place
  • Accommodation included

This is a rare gem of a lifestyle business opportunity in the beautiful Exmoor National Park, just a few miles from the coast. The business is predominantly a village store and post office, with the recent addition of an evening bar and daytime coffee area.

The residents are keen supporters of the village shop, frequently ordering papers and purchasing top-up supplies, alongside any visiting walkers and cyclists who pass by on their travels. The post office’s main functions include all postal services, cash out, cheques in, phone top-ups, and bill payments. The business currently only opens mornings, offering huge potential to open for longer hours.

The shop and its post office have been present in the village for decades and are a revered facility for the community, particularly since its recent renovations by volunteers and the creation of a bar in 2019, which has quickly become the prime social hub for the village. The buyer will therefore become truly embedded in village life and socialise with the vibrant, proactive, and very friendly population.

The buyer will also benefit from a 2-3-bedroom accommodation included in the premises, thus offering them a thriving business, comfortable accommodation in a fabulous part of the UK, and the support of a lovely village. The company is only for sale due to the owner’s desire to move back into the educational business sector, therefore making this an extremely unique and unbeatable opportunity.

The business is only 3 miles away from Minehead, Somerset in the small but very busy village of Wootton Courtenay, with numerous events and facilities for residents. The only other commercial property is a Hotel, which doesn’t have a public bar.

The shop is an ideal size and has the addition of a bar area which extends into a conservatory. There is a beautiful and private garden which looks onto the magnificent Dunkery Beacon and can be used for the bar, if necessary. The vendor lives above the shop in a comfortable 2-3 bedroom flat with a lounge, kitchen, and bathroom. It is extremely private, and no extra rent is paid for it.

Sunday/holiday staff cover is provided as needed by 2 local residents.

The lease is very flexible as the freehold is owned by the village, with a Ltd company set up to oversee its care. Their sole aim is to retain a shop in the village and so they provide support in many ways. Furthermore, a transitional period is available to ensure a smooth handover.

This would be the perfect acquisition for a sociable, retired individual or couple, who also possess a commercial mindset and are looking for an exciting opportunity.

The new owner/s could further develop the shop further by introducing different product ranges and by extending the morning trade hours into the afternoon. The bar’s operating hours could likewise be extended. There would be no additional costs attributed to expanding the bar’s opening hours, as there are plenty of village volunteers to run it and the rota is always quickly filled, therefore making this a highly profitable option for business development.

Initially there is a 6-year lease, with opportunity to extend.

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  • Village location
  • High footfall
  • Rural setting
  • Stunning Exmoor views
  • No local competition
Rent
£4,000
Rates
£0
Lease Term
6
Lease Expiry
2030
Square Footage
TBC
Accommodation Included
Yes
Premises Licence
yes
Property Value
TBC
Planning
TBC
EPC
TBC

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

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