Freehold Convenience Store PO On The Isle Of Wight For Sale

Business description

Established as the focal point of this popular and expanding coastal Village, the business enjoys virtual monopoly trading and strong all year round local support augmented in the summer months by visitors to the five holiday sites in the immediate area. Occupying an elevated position diagonally opposite the very large village green which has hosted the annual carnival since Victorian times, and provides recreation facilities with football and cricket pitches plus a children’s playground, all situated within ten minutes walk of a popular sandy beach. The area is of great historic interest and also benefits from recent new residential development. Our clients have traded successfully for almost 10 years and are reluctantly selling due to serious health problems. The business may also have considerable appeal to those with sailing interested as Bembridge Harbour is within one mile of the shop.

Property information

Property:

Freehold

Living accommodation:

THE SELF CONTAINED FLAT ABOVE: Approached from a rear stairwell and comprises a small kitchen with sink unit and worktops with cupboards under etc, attractive double aspect front lounge, approx 15’ x 13’ with both sea and country views towards Bembridge Airport along the Downs. There are two good sized double bedrooms, one with built in wardrobe, and two single bedrooms, one of which is currently used as an office and the other as a utility room. Bathroom with panelled bath and hand shower, hand basin and w.c. Gas fired central heating with radiators throughout. Outside, and to the side of the property, private parking space for two cars plus a small yard to the rear.

Premises details:

THE TURN OF THE CENTURY, BRICK BUILT, SEMI DETACHED PROPERTY PROVIDES A RETAIL SHOP MEASURING APPROX 20’ X 37’ OVERALL: Arranged on self service lines being fully fitted and equipped with mainly adjustable display shelving, two dairy cabinets, visual top frozen food display cabinet, double door vertical chiller cabinet for wines and beers, two single upright drinks coolers (one on loan), Walls ice cream cabinet, serving counter with electronic cash register, snack food display cabinet, Lottery terminal, extensive DVD rental display area, two metre Menzies newspaper and magazine display unit. Lino tiled flooring, suspended ceiling with diffused lighting. Single position Post Office counter to rear with security screens. To one side, level storeroom with two chest and two upright deep freeze cabinets, adjoining shop kitchen with additional deep freezer for bake-off items, Eunox baking oven, stainless steel sink unit and some shelving. Gas fired boiler. Staff toilet.

Business Operation

Reasons for selling:

Ill health forces sale.

Trading hours:

Our client and his wife employ three part time assistants at a cost of £410 per week but where there are obvious savings to be made here by fully active and fit new owners.

Employees:

Open from 7.00 a.m. to 8.00 p.m. seven days a week (Sub Post Office hours – 9 a.m. to 1.00 p.m, 2.00 p.m to 5.30 p.m. week days, 9.00 a.m. to 12.30 p.m. only on Saturday).

Other information

Inventory / Stock value:

£15,000

Related documents:

• 
• Document

Post office salary:

£19,300 per annum