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2 bedroom convenience store for sale

Crofton Park, Yeovil, Somerset, BA21

57 sq. m. | £405,000

Property Description

Commercial information

  • Business for sale
  • 613 sq ft (57 sq m)

Key features

  • REF 12305
  • FREEHOLD
  • CONVENIENCE STORE

Full description

Tenure: Freehold

LOCATION
The two Crofton Stores are located in Yeovil, Somerset.

The area is densely populated, from which both stores receive much of their trade. The stores are just a short 5 minute walk away from each other, this is great for an owner looking to manage both stores. Close by to the stores is the local community school, university and college, each are within a close radius of the businesses.

Between the stores is the A30, which is an arterial road in the town. This road further continues to the A303 that runs between Bristol and Exeter.

Yeovil is a large town in Somerset that has a substantial population. The town is served well by an array of public transport. There are many bus stops dotted around the town, which have regular daily routes. Yeovil Pen Mill train station is just a short drive from this location.

BUSINESS
Southern Western Terrance (Shop 2) : 25,000 + SAV available

Hilton Smythe is delighted to welcome to the market this popular chain of stores. Crofton Stores Ltd was established many years ago. Shop 1 Crofton Park we believe was first established in the early 1900's. Over the years the businesses have built up a loyal customer base from passing trade and the locals. The highly populated location gives these stores the edge to thrive. Both of the stores are highly profitable and are being offered to the market as a joint sale.

Our clients have owned the Crofton Park store since 2001 and the South Wester Terrace store since 2010. The owners are now looking to sell the businesses due to the desire to focus on other opportunities.

The stores run as traditional newsagents offering a generous range of stock; this includes hot food. The freshly baked sausage rolls, pies and pasties are great sellers. There is outside space on both premises for customers to sit and enjoy their snacks in the summer months.

The stores are open all year round and generate a combined turnover of around 449,000 per annum. This is a fantastic opportunity for any experienced buyers preferably a husband and wife team who have run busy stores in the past.

The stores stock groceries, wines, spirits, tobacco and hot food. They do also offer a Payzone and earn an extra income from the sale of newspapers. The combined income from the newspaper and news rounds is around 950 per week. The Payzone could be boosted by accepting utility bill payments and top ups.

We feel both stores could benefit from the Lottery. The Lottery is always a great way of increasing income. We highly advise the purchaser to look into this option.

The sale includes a website which offers promotions and information about the stores. The website is personalised and could be updated by the new owner.

This is a great business opportunity for a new owner to take over. Shop 1 does come with a substantial sized owner's accommodation, which has 3 bedrooms. The accommodation could be rented out in order to generate an extra income. It would however be perfect for an owner who is looking to relocate to the area.

These are great businesses for a hard working new owner. Our clients have run these stores at an exceptional standard, and so these businesses come highly recommended by Hilton Smythe; viewing comes greatly recommended.

PREMISES
Shop 1 Crofton Park BA21 4EA

A Victorian end terraced three storey property in a prominent corner position. The business is well presented and maintained with bright attractive signage, there is a raised paved area to the front and side which could be utilised for additional selling space during the warmer months or maybe for chairs and tables to consume the freshly baked pies etc. sold in the shop.

Ground floor
A generous sized store with bay windows to the front and side creating a light and airy interior, vinyl flooring, air conditioning, counter area with two EPOS tills and wrapping area, drinks shelving, cigarette storage area behind, glass fronted pie warmer, magazine and newspaper racking, perimeter shelving with central shelving gondola, two double glass fronted drinks chillers, two glass topped ice cream freezers, 8 camera CCTV system with flexibility to add more cameras, LED lighting, greeting card carousel, coffee machine, security mirror.

Rear Kitchen/Store Room
Used for the baking of sausage rolls, pies and pasties, which are sold on the premises comprising Unox commercial oven, double commercial stainless steel refrigerator, chest freezer, tiled floor, spotlighting, hand wash basin, 4 steel lockers for staff use.

Office

Owners Accommodation
Kitchen
A good sized room with, stainless steel double sink and drainer with useful storage space beneath, space for washing machine and fridge/freezer, Servis gas oven, Zanussi fridge, Beko washing machine, range of wood effect wall and base units. Dining area with double glazed patio doors to garden, LED spotlighting.

WC
With window to side and hand wash basin.

First floor
Lounge
With stripped wood flooring, window to rear, a generous room with feature ceiling fan, radiator.

Family Bathroom
Window to side, three piece white suite, above bath mixer shower with glass shower screen.

Bedroom 1
A double room with window to rear currently being used as an additional storeroom.

Bedroom 2
A generous double with 2 built in wardrobes, dual aspect so light and airy and feature spotlighting.

Second floor
To the second floor is an attic bedroom, dual aspect with windows to front and rear, access to roof space.

To the rear of the store is a secure garden accessed by double gates and providing parking for at least two cars/vans. Additionally there is a concrete storage shed and a raised patio/seating area with feature timber veranda.

Shop 2 South Western Terrace BA20 1NB

Shop
Immaculately presented and easily run store, window to front creating a light airy interior, vinyl flooring, counter with EPOS till and glass fronted pie warmer, coffee machine, magazine and newspaper racking, glass fronted dairy chiller, double glass fronted drinks chiller, double glass fronted drinks chiller, 2 glass topped ice cream freezer, air conditioning, 8 camera CCTV system and monitor, greetings card carousel, monitored alarm, perimeter shelving and central confectionery and grocery gondola.

Rear Staffroom
With perimeter shelving, chest freezer and microwave, door to WC with hand wash basin.

The exterior of the business is immaculately presented and maintained with a seating area to the front. Steps lead to the entrance with iron railings and planters giving a nice upmarket feel to the business

TENURE
Shop 1 Crofton Park BA21 4EA

We are advised this store is Freehold.

Shop 2 South Western Terrace BA20 1NB

We are advised this business is Leasehold.
Original lease length: 15 years
As of April 2016 there is around 9 years left on the lease.
Rent: 8,000 per annum

HOURS
Both stores opening hours-

Monday - Saturday: 7am - 9pm
Sunday: 7:30am - 9pm

The business is open all year round including Christmas Day.

STAFF
The business is run and managed by our clients with the help of 2 part time members of staff.

FINANCIAL PROFILE
The businesses generates a joint turnover in the region of 449,000 per annum.

Shop 1 Crofton Park BA21 4EA
News sheet income 700 per week.

Shop 2 South Western Terrace BA20 1NB
News sheet income 250 per week.


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