Shop for sale

Peasedown News, 45 Bath Road, Peasedown St. John, Bath, BA2 8DL

£310,000

Property Description

Commercial information

  • Business for sale

Key features

  • 4 bed owner's accommodation
  • Popular village location close to Bath
  • Gross profit margin c.41%
  • Retail turnover c.3,500 per week
  • PO income c.25,000 already converted
  • Close to the local primary school. Energy Rating E

Full description

Tenure: Freehold

Description

The property is semi detached with the newsagents to the right hand side and the owner’s accommodation to the left.

The owner’s accommodation is of stone construction under a pitch tiled roof set back from the pavement with a large private garden to the rear which benefits from side access running to the right hand side of the shop.

The shop is also of stone construction under a flat roof with large glazed windows either side of the pedestrian access door to the front. Rear access is through the owner’s accommodation via their hallway.

Location

Peasedown News is located in one of the largest villages in Somerset, Peasedown St John, which lies just over four miles south west of Bath. The business is situated on Bath Road and is the main thoroughfare in the village with the local primary school and the local pub, the Red Post Inn, in close proximity.

Internal Details

The retail area is well fitted and equipped with a number of adjustable display units. The service counter has a single electronic till position with a Post Office combi counter and there are a number of other display units including provision for newspapers and magazines.

The ancillary areas include two suitably fitted stock rooms. A door leads through from the shop to the owner’s accommodation which also has separate access to the front and from the rear garden.

Fixtures & Fittings

The fixtures and fittings are owned outright by the vendor and will be transferred at the point of sale.

Owner's Accommodation

The owner’s accommodation has been substantially improved by the current owners. It benefits from a new gas central heating system, recently fitted combination boiler and double glazing, lounge, kitchen/breakfast room, dining room, downstairs toilet and attractive mature gardens to the rear.

To the first floor there are four bedrooms and a family bathroom with stairs leading to an attic room. New windows have been installed to the front of the house along with a new front door. There have been light decoration works throughout the property within the last year and a fireplace with an electric fire has been installed in the living room.

The Opportunity

The store presents an excellent opportunity for an operator to acquire a well-positioned business, operating at a good profit margin with further potential, free of symbol group ties that benefits from both local and passing trade throughout the year.

The store has considerable potential for the incoming purchaser to offer additional profitable lines including fresh and hot food offerings.

The store opening hours are relatively short, so could potentially be lengthened to increase turnover.

Staff

There are currently three part time members of staff working in the store and Post Office with paper boys assisting with the news rounds during the week and at weekends.

The owner is actively involved in the day to day running of the business.

Trading Information

The accounts for Y/E 30th September 2018 show sales of £166,601 with a healthy gross profit margin of around 41%, highlighting the fact that premium pricing is achievable in the store's location.

Trading Hours

Monday, Tuesday, Thursday and Friday: 6:45am – 1pm. 2pm – 6pm, Post office opens at 8am

Wednesday: 6:45am – 1pm and 2pm – 5pm, Post Office opens at 8am

Saturday: 6:45am – 12:30pm, Post Office opens at 8am

Sunday: 6:45am – 12pm, Post Office closed


More information from this agent

Nearest stations

  • Oldfield Park (4.9 mi)
  • Bath Spa (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Bristol

Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

0117 407 0138 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.

Floorplans


To view this property or request more details, contact:

Christie & Co , Bristol

Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

0117 407 0138 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 stations

  • Oldfield Park (4.9 mi)
  • Bath Spa (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Bristol

Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

0117 407 0138 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.

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