Stretham Store & Post Office, 45 High Street, Stretham; Ely, United Kingdom, CB6 3JQ

A rare opportunity to acquire this profitable retail convenience store in Stretham, Ely. The opportunity suits both experienced retailers and first-time buyers alike.

The property is nicely positioned on a main road through the local village and benefits from high visibility and exposure. The location also benefits from low corporate and local competition.

There is further potential to increase trade via the means of longer opening hours or further promotional stock.

Situated in the affluent village of Ely, on the outskirts of Cambridge. This Village store is located on the High Street.

The location is primarily accessed via the A10 which leads North towards Ely centre and South towards Cambridge City Centre.

The convenience store has a mainly open plan sales area of approximately 725 sq./ft (67 sq/m) and is fitted and equipped for the sale of convenience goods, chilled and frozen products, a full off licence, confectionary, cigarettes, newspapers, magazines, stationary, local products and pharmacy and medical products.

The business has a Post Office, which has a combination counter, located next to the main sales till.

The main sales till are positioned at the front of the store with additional storage space to the rear. There is also a communal staff area, office space and W/C located to the rear.

We are advised by our clients that the fixtures and fittings are wholly owned and will be included within the sale (excluding the Jack's coffee machine).

Outside provides on street parking and access for deliveries towards the rear.

This profitable business has been privately owned and operated by our vendors for over 13– years.
The convenience store derives its sales from traditional products such as tobacco, alcohol, news and magazines, fresh, chilled and frozen foods, grocery products, bread and bakery, confectionary, snacks and soft drinks.

Additional services include Post Office and the store is National Lottery agent.

The business is run with the assistance of part time and full-time members of staff.

The Transfer of Undertakings Protection of Employment (TUPE) regulations shall apply to all employees, requiring purchasers to offer continuity of employment to all staff.

Accounts for period ending 31/05/2023 show sales of £690,543 and a gross profit of £180,008.

The annual Post Office renumeration during this period was c. £23,000.

Further and more detailed trading information will be made available to interested parties following a viewing of the business.

Store opening hours:

Monday-Friday 06:00am – 7pm

Saturday- 8am- 7pm

Sunday -9am- 3pm

A new 15-year lease has recently been instated, with a passing rent of £20,000 per annum.

The VOA web portal states that the current Rateable Value from 1st April 2023 is £9,200.