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5 bedroom convenience store for sale

The Street, IP31

Under Offer £525,000

Property Description

Commercial information

  • Business for sale

Key features

  • Traditional village convenience store
  • Retail sales 2014 569,639 per annum
  • Superb 5 bed owner's accommodation within period property
  • Limited trading hours, excellent scope, retirement sale

Full description

Tenure: Freehold

DESCRIPTION
Stanton is a one of the largest villages in Bury St Edmunds which is one of the county's best known market towns. The village has retained a lot of its charm, and there are still plenty of period buildings along with Stanton Church which is the central focus point.

We have been advised that Stanton Stores has been trading from the same spot since the 1960's and has been under the same ownership since 2003, when our client purchased the business. The business operates from a deceptively spacious five bedroom, two storey 16th century building, right on the high street amongst other independent businesses such as traditional bakers and a pub.

Whilst semi rural the area is very busy throughout the day with plenty of cars and people from surrounding villages, tourists or people passing through, although the majority of the income is generated from the residents of Stanton who use the store on a daily basis. Abbey Homes are currently in the process of building 101 new residential dwellings within the village.

Stanton Stores is a traditional village convenience store but has recently introduced a Deli counter offering freshly made to order sandwiches, baguettes and salads, which has proved very successful. In our opinion the business also trades with fairly limited hours which could be extended by any new owner, especially on a Saturday and Sunday.

The business is only now being offered for sale due to retirement.

SHOP SALES
Currently shop sales generate approx. 569,639 per annum with good profit margins. Included in this figure are the lottery sales.

ACCOUNTS
Current records and accounts can be inspected after viewing by genuinely interested parties.

TRADING HOURS
Monday - Friday 08:00 - 19:00
Saturday 08:00 - 17:00
Sunday - 10:00 - 12:00

STAFF
Managed by the owners, along with a one full time, and three part time staff.

PROPERTY
The property benefits from substantial and valuable five bedrooms, and is a 17th century property occupying a prime corner plot position on the high street.

There is a car park to the rear of the property for 2 vehicles.

TRADING AREAS
Stanton Stores offers flexible retail space which enables the business to change stock regularly throughout the year, and stocks a good selection of everyday goods, greeting cards, beers, wines and spirits.

ANCILIARY AREAS
Towards the rear of the ground floor retail area are two large storage rooms, office and staff WC facilities.

Outside is a converted attached stable which is currently used for the storage of personal goods and also houses two chest freezers which are used for the business.

RESIDENTIAL ACCOMMODATION
Exceptional five bedroom owner's accommodation arranged over two floors, offering good sized family accommodation which has a wealth of exposed beams and brickwork. There is also a secluded and fully enclosed rear garden.

The property is laid out as follows:

Ground Floor

Kitchen
Fully fitted farmhouse style kitchen with tiled floor, full range of base and eye level wall mounted units, roll edge work tops, part tiled walls, plumbing for dish washer and washing machine, space for range cooker, fridge, dish washer and tumble dryer, with a door to rear garden.

Living room
Light and airy family room with front aspect window, French doors to the garden, stripped wood flooring, original open fire place with exposed brickwork and wood burner, exposed beams and door through to the dining room.

Dining room
Feature fire place, front aspect window, and stairs to first floor landing and door to kitchen.
First floor landing with side aspect window and doors leading to:

Bathroom:
Corner bath, shower cubicle, pedestal mounted hand basin, WC, fully tiled walls, tiled floor and front aspect window.

Separate WC

Master Bedroom:
Front aspect window, built in wardrobes and access through to bedrooms four and five. In our opinion the master bedroom is large enough to incorporate a corridor providing separate access to the two rear bedrooms, thus meaning the property would have 5 self-contained bedrooms.

Bedroom Two:
Large double room with front aspect window with built in wardrobes and feature fire place.

Bedroom Three:
Single bedroom with side aspect window and built in wardrobes.

Outside:
Large rear garden which is mainly laid to lawn with a good selection of mature trees, shrubs and plants.

TENURE
We are advised that the property is freehold.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
This is an ideal opportunity to operate a family run business in a lovely Suffolk location whilst also enjoying the features of the period property.


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