3 bedroom convenience store for sale

HR3 6EH

Guide Price £80,000

Property Description

Commercial information

  • Business for sale

Key features

  • Convenience Store and Petrol Station. All reasonable offers considered.
  • Ideal trading position with limited competition/ Sale due to ill health
  • Tunrover Y/E 2013 742,218 EBITDA 48,000
  • 3 Bedroom living accommodation

Full description

Tenure: Leasehold

DESCRIPTION
This is a opportunity to purchase a convenience store and petrol station in Herefordshire, close to the border with Wales. The area offers a wide range of attractions including walking, cycling, bird watching, fishing, golfing etc. The business has an ideally situated on thre busy A438 and benefits from good volume of passing trade.

This business is a petrol forecourt with an impressive convenience store. The current owners have succeeded in creating a business that provides for both the local community as well as passing trade and tourists. The petrol station sells approximately 430,000 litres of fuel per annum. The extensive range of products in the modern convenience store, which achieves weekly sales in excess of 5,000. The National Lottery is also installed

The store also has an in store bake off facility this is currently not being used but can easily be re-introduced to increase turnover.

Established by our client in December 2005 the business has grown from strength to strength and currently enjoys a healthy turnover

This property also offers a self contained 3 double bedroom accommodation, perfect as a family home, especially in this desirable location. For new owners, this is a tremendous opportunity, not only is this already a highly successful business, but with new owners enthusiasm, there is no reason why sales could not rise even higher still.

SALES
Currently weekly average 14,750 approximately.
Shop sales are approximately 5,000pw
Petrol sales are approximately 8,750

ACCOUNTS
Available accounts are to year end 2010 and are summarised below:
2009 - Sales 729,170 GP 78,526
2010 - Sales 758,985 GP 77,720
2011 - Sales 791,816 GP 89,793

TRADING HOURS
Monday - Saturday 07:00 - 19:30
Sunday 09:00 - 19:30

STAFF
Managed by the owners.

PROPERTY
Combining a convenience store and petrol forecourt, the property is situated on an 'A' road close to the Hereford/Welsh border in stunning countryside.

TRADING AREAS
The shop is well fitted for a wide range of products including beer, wines and spirits, newspapers, fresh and packed grocery products and to the rear is an in-store bakery (not currently in use). The forecourt has two twin pumps serving petrol, two diesel pumps and three super unleaded pump.

RESIDENTIAL ACCOMMODATION
Three bedroom accommodation which in brief also comprises a conservatory, kitchen, living room and bathroom. Outside there is a private garden.

TENURE
New FRI Lease
Annual Rent of 24,000 per annum
10 Year Lease
Rent Reviews are every 3 years

Option to purchase the freehold for offers over 500,000. This is by way of negotiation with the vendor.

SUMMARY
This is an ideal opportunity where new owners can build on what has already been achieved. For sale due to impending retirement, the only way to fully appreciate this superb proposition is to view.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Dolau (14.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Dolau (14.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 39988. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Kings. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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