4 bedroom post office for saleGalmpton, Devon
- Business for sale
- Use class orders: A1 Shops
- Desirable waterside/countryside village setting
- Substantial property providing spacious Retail Area
- Self-contained 4 double bed owners accommodation
- Well established, same owners in excess 25 years
- Sound profits in excess £60,000
- All year round trade plus seasonal boost
- Opens favourable hours, closing 6pm latest
- Unopposed business, benefits from own Parking
- Post Office holds Community Status
- Everett Masson & Furby reference number: G34651N
Description: A thriving profitable Village Stores & Post Office, the latter benefiting from 'Community Status', under current ownership a considerable number of years, offering an excellent range of retail lines and services, trading favourable hours, the business proving most profitable. Trading from well maintained and presented premises, a former farmhouse, the subject of investment over the years, providing attractive comprehensively equipped retail area, additional storage, preparation, office and cloakroom facilities. To the rear and above the business can be found spacious self-contained owners accommodation, comprising kitchen/dining room, sitting room, 4 double bedrooms (1 en-suite) and family bathroom. Outside to the front is a display forecourt and lucrative car park, to the rear is an enclosed private courtyard garden. The business enjoys regular all year round trade from local residents and passers-by, in addition to a boost from visitors and holidaymakers to the area.
Location: The business is situated at the heart of the village, fronting the main road passing through the village, adjacent the local butchers and hair salon, surrounded by residential housing, close to local schools to include an Outstanding Pre-School, Good Primary School and Outstanding Grammar School. Also close by is Dartside Quay being host to a number of businesses and Galmpton Touring Park. Galmpton is a desirable village in Torbay, host to a good size resident population, also attracting numerous visitors and holidaymakers, lying on the East bank of the River Dart, approximately 3 miles west of Brixham, 3 miles from the seaside town of Paignton and, via the ferry, 6 miles from Dartmouth. The area is host to a number of visitor attractions, these include National Trust properties comprising The Greenway Estate being the former holiday home of Agatha Christie, and Coleton Fishacre House and Gardens, together with coastal walks and beaches. The nearby A380 provides good communication links throughout Torbay, recently assisted by the opening of the South Devon link road.
Premises: Extended over the years, 'L' shaped with both front and side entrances, wooden framed glazed frontage with glazed entrance door opening to air conditioned RETAIL AREA, vinyl flooring, suspended ceiling incorporating modern LED lighting and air conditioning unit. Initial SERVE OVER COUNTER with 2 EPOS scanning tills, electronic weigh scales, Lotto machine, also incorporating Post Office Combi-Counter, specialist beers display to the front, spirits and wine display shelving behind together with 2 glazed upright wine chillers. To one side, POST OFFICE COUNTER along with greetings card display racking, stationery display shelving, newspaper and magazine display racking. To the other side, main GROCERY RETAIL AREA, benefits from additional side entrance door, includes confectionery display shelving, glazed front upright Coca Cola chiller, grocery adjustable display shelving, refrigerated dairy deck, sliding top chest freezer, glazed front upright freezer, ice cream conservator, and households display shelving. Also houses glazed serve over refrigerated delicatessen counter and Bake 'n' Bite counter incorporating bake off oven and heated display cabinet. From behind the service counter, access to PREPARATION ROOM/KITCHEN, fitted with work counter, base and wall storage units, hand washbasin, contains ham slicer and cheese wire, upright fridge and upright freezer, EPOS back office computer system, also provides access to behind the main Post Office counter and to the rear lobby where CLOAKROOM facilities are situated fitted with toilet and hand washbasin. None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.
Accommodation: Situated behind and above the business premises, totally self-contained with own private entrance door situated in the courtyard to the rear of the property, opens to PORCH with inner entrance door to ENTRANCE HALLWAY with coat hanging cupboard. Leading off is the SITTING ROOM, feature exposed stone, oak flooring, French door opening to courtyard garden. Inter-connects with KITCHEN/DINING ROOM, also with French doors opening to courtyard garden, initial DINING AREA with divider to KITCHEN AREA, vinyl flooring, inset ceiling spot lighting. Fitted with work counters, base and wall storage units, sink/draining unit, spaces for cooker, dishwasher, fridge and washing machine. From the entrance hallway, stairs to FIRST FLOOR and galleried LANDING AREA from which all rooms lead off. BEDROOM 1, a double with rear aspect, inset lighting, EN-SUITE SHOWER ROOM fitted with shower cubicle, vanity hand washbasin and toilet. BEDROOM 2, a double, currently used as second sitting room, rear aspect, fireplace with coal effect gas fire. BEDROOM 3, a double with front aspect, BEDROOM 4, also a double with front aspect.
Outside: To the front of the property, CAR PARK ensuring easy customer access proving lucrative. Also to the front at a lower level, attractive DISPLAY FORECOURT, used in connection with fruit & vegetables with lockable covered display units. To the rear of the property, enclosed private COURTYARD GARDEN, benefits from being south facing, fully paved with raised shrub borders, provides attractive seating area, and contains pond and storage shed.
Business: Purchased by the current owners in 1993, only now offered for sale in order to pursue retirement. Operating as a Convenience Store and Post Office, offering a comprehensive range of retail lines to include groceries, households, dairy items, fruit & vegetables, frozen foods, delicatessen items, food to go, soft drinks, beers, wines and spirits, cigarettes, newspapers, magazines, stationery and greetings cards. A range of niche local produce is also offered, the business benefits from holding the local Post Office which has 'Community Status' ensuring it is protected and from which a salary is received rather than commission enabling a range of Post Office services to be offered to include the National Lottery. Currently 3 newspaper delivery rounds are operated proving lucrative, and for which there is strong demand. The business enjoys regular local trade from local residents, passers-by, and visitors/holidaymakers to the area.
Trading Hours: The business trades favourable hours, Monday to Saturday 7.30am through to 6.00pm and Sunday 8.00am through to 1.00pm. During the winter months opening hours are reduced slightly.
Staff: The business is operated by a husband and wife team with the assistance of 5 part time members of staff, all of whom are Post Office trained. It should be noted that now the owners are looking to retire they only work 4 days each week in the business and also take regular holidays.
Takings: Accounting information provided confirms a strong profitable business with consistent levels of sales and profits. In respect of the financial year ended 30th April 2018 Sales amounted to £307,364 ex Vat returning a Gross Profit of £84,193 equating to an excellent 27%. In addition to this was Post Office Remuneration of £20,830 producing an overall combined Gross Profit of £105,023, and it has been calculated Net Profits in excess of £60,000 would be available to working owners.
Comments: The sale of Galleon Stores & Post Office provides an opportunity to acquire a thriving successful profitable business, under current ownership a considerable number of years, still offering new owners further opportunities through the introduction of additional services, retail lines and increased opening hours. Coupled with this is a substantial character property presented to a high standard providing an attractive family home within a most desirable area offering an enviable lifestyle.
Rates: Currently 'Nil' after 100% rate relief.
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- Paignton (2.7 mi)
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