Village Store And Off Licence In South Yorkshire For Sale

Business description

Village store and newsagent with sales in region of £300,000 per annum at a healthy 22% gross margin including lottery and paypoint. Premises comprise retail area, rear store/kitchen and w.c.
Rent £13,000pa.Opportunity to expand range and profits considerably.

Property information

Property:

Leasehold

Location:

LOCATION:
The business is located in the South Yorkshire village of Hemingfield which is approximately 5 miles south east of Barnsley and 3 miles east of J36 of the M1 motorway.

BUSINESS:
The business has been established for many years and has been under the stewardship of the current owner for the last 2 years. The last accounts to the year ended 31/3/2011 state sales of £288,501 with additional commissions of £5,742 from lottery and paypoint. A mix of off sales, news and convenience, complemented by commissions, generated a gross profit of £65,202, which is in line with industry norms for a business of this type, size and location.

BUSINESS PREMISES:
The business premises are nicely presented and comprise;

Retail Area fully racked with centre island, sales counter and chiller cabinet.

A door at the rear of the Retail Area leads through to

Kitchen/Store Where there are facilities for staff, tea coffee etc, though this is an area predominantly used for storage.

Cloakroom With w.c. for the use of the Vendor and staff.

PRIVATE ACCOMMODATION:
There is no private accommodation included with this sale.

OUTSIDE:
To the rear of the property there is a small enclosed yard.

TENURE:
This business is offered for sale leasehold.

RATES:
There are total rates paid of £1,127 in the year to 31/3/11.

SERVICES:
We understand from the vendor that all main services are connected to the property.

STAFF:
The business is currently operated by the Vendor and 4 part time members of staff who are currently employed for a total of 49 hours per week.

HOURS:
Monday to Saturday: 6.00am to 7.30pm
Sunday: 7.00am to 1.30pm

STOCK:
The vendor informs us that the value of the stock is approximately £7,000.