Convenience Store for sale

Kessingland Store & Post Office, 62-64 High Street, Kessingland, Lowestoft, Suffolk, England, NR33 7QQ

£545,000

Property Description

Commercial information

  • Business for sale

Key features

  • Total sales Y/E 31/12/2016: 362,480
  • Gross profit Y/E 31/12/2016: 63,548
  • Post Office salary Y/E 31/12/2016: 34,742
  • 4 bedroom accommodation
  • Well established store with further potential
  • Ideal second business for existing operator. Energy Rating D

Full description

Tenure: Freehold

Description

A detached, two storey building constructed of brick elevations under a pitched tiled roof, with the convenience store and Post Office located on the ground floor and the accommodation on the first floor.

Location

The business is situated on the main High Street running through the centre of Kessingland, amongst several residential estates and other businesses.

Kessingland is a large coastal village and is popular with both retirement based locals and visitors to the beach. Kessingland has several holiday parks and weekend second homes and benefits from a local zoo, several schools and sports amenities.

Kessingland can be reached via the A12, with Lowestoft approximately 10 miles to the north and Ipswich approximately 40 miles to the south, with London a further 140 miles to the south.

Internal Details

The business has an open plan sales area of approximately 1,200 sq ft and is fitted and equipped for the sale of convenience goods, frozen and chilled products, a full off licence, a chilled off licence, newspapers, magazines, cigarettes, confectionery, fresh fruit and vegetables, local products, pharmacy and medical products, stationery, hardware and DIY products, pet food, fancy goods and gifts. The business is also a National Lottery and PayZone Agent.

To the rear there is a large stockroom, office and staff restroom.

The business benefits from full CCTV and alarm systems.

Fixtures & Fittings

We are advised by our clients that all of the trade fixtures and fittings are owned outright, with the exception of any free loan soft drink chillers.

External Details

An established business, situated in a highly visible, main road location, central to the large housing estate areas of Kessingland, which are on the main local bus route. There is ample on-road parking for several cars.

Owner's Accommodation

The self-contained flat comprises four bedrooms, lounge, kitchenette and two bathrooms/WC's.

The flat can be accessed either to the rear of the business or via a side entrance.

The Opportunity

The business has been owned and operated by our clients since 1979, since which time they have steadily invested and updated the standard of fixtures and fittings.

The Post Office is located to the rear of the store and was installed in 2014 and operates as a Post Office 'Main' format and benefits from a combi counter.

Staff

The business is run by three part time family owners, with the assistance of three part time Post Office employees.

All staff are covered by TUPE as part of employment law.

Trading Information

Total sales for the year ended 31 December 2016 were £362,480, with a gross profit of £63,548. The Post Office salary for the same period was £34,742.

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

Trading Hours

Convenience Store:
Monday to Saturday 7:00am to 8:30pm
Sunday 8:00am to 1:00pm

Post Office:
Monday to Saturday 8:00am to 5:30pm
Sunday 8:00am to 1:00pm

Business Rates

The Rateable Value is £7,700 for the year commencing April 2017.

Regulatory

Premises Licence.


Nearest stations

  • Oulton Broad South (3.5 mi)
  • Oulton Broad North (4.0 mi)
  • Lowestoft (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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

  • Oulton Broad South (3.5 mi)
  • Oulton Broad North (4.0 mi)
  • Lowestoft (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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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