Multifaceted Newsagents in Cambridgeshire

Whittlesford, Cambridge
REF: 05513

Asking Price:
£200,000
Annual Turnover:
£364,000
Annual Net Profit:
TBC
REF: 05513

Overview

Tenure:
Leasehold
Established:
1920
  • Leasehold Option Available
  • Inclusive accommodation
  • Post office and off licence
  • National lottery
  • Dry cleaning service

A brilliant opportunity has emerged for an interested buyer to purchase a well-established convenience store/post office in Cambridgeshire.

Established for 50 years, the business has been a vital necessity to the surrounding community since it first began trading, providing its customers with their everyday essentials.

Now, only up for sale due to the current owner’s change in lifestyle, a new owner is required to take hold of the business’s renown reputation and fully-stocked premises, to lead it to future success.

The business is threefold, operating as a convenience store, off licence and post office. The store provides consumables and everyday household items, as well as offering National Lottery and National Express tickets, a repeat prescription and dry cleaning services.

Operations run from a spacious, well-stocked premises. Upon entering the single fronted property, the customer notices the range of snacks, ice-creams and newspapers which line the shop’s extensive shelving, alongside its wide variety of alcoholic beverages stored in fridges. A customer counter is located at the front of the shop and a postal counter towards the rear. Behind this, a sorting office and storage room leads to the toilet facilities, garage and parking. A staircase leads to the first floor which encompasses a three bedroom flat with a kitchen, living room and bathroom. Customer parking is also available at the front of the premises.

With no expenditure on advertising, the business has grown organically through word of mouth, predominantly utilised by the general public and local organisations.

Intelligent Business Transfer are pleased to bring to the market this excellent, well established convenience store which possess a great reputation and vast scope to further increase the sales turnover.

The success of the store resides in its friendly staff providing personalised and wide-ranging services to its many customers, generating a fantastic annual turnover of £364,000.

Appealing to a buyer wishing to gain a profitable venture in the heart of a close-knit community, a new owner could increase takings through a number of steps. Creating an online presence in the form of a navigable website and complimentary social media channels would possibly help to grow the store’s customer base. Promoting special offers, services or new stock through these mediums would further attract trade.

Only having been under current ownership for seven months, the owner wishes to pass the business on to a committed individual and has indicated a willingness to stay on for a transitional period to be agreed upon.

Intelligent Business Transfer are searching for a suitable buyer.

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  • The business herein described is located in a picturesque historic village within the county of Cambridgeshire. The charming village setting is home to a close, thriving community which utilises the convenience store on a daily basis. The surrounding area possesses great amenities such as a village green and tennis courts, which are used for many annual events and social activities. The business is also close to main transport links, with a one hour train journey direct to London Liverpool street. The city of Cambridge is also located 8 miles North. Being the only convenient store in the village is also hugely advantageous for the business.
Rent
£0
Rates
£0
Lease Term
TBC
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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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