Asking price: £320,000

Sales revenue: £52,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
LOCATION:
This long established Village Stores first started trading some seventy years ago and has been in our current vendor’s hands for the past twenty nine years and only now, because of retirement, does this Village General Stores become available. The shop is located on the main road through the village which is situated some three miles from Chelmsford.

DESCRIPTION:
As previously mentioned the Stores are situated on the main road through the village with parking on the forecourt for three or four vehicles. The entrance to the store is to the side of the bungalow and leads directly into the shop. The store is equipped for trading as of today. However, to bring the store up to date we would recommend a refit (please see agent’s note). Items to be included in the sale are wall shelving, central gondola, two cold drinks cabinets - one of which is hired, card rack, ice cream freezer, deep freezer unit, refrigerated display counter, cigarette gantry, preparation area with two stainless steel sink units and hand wash basin, storage cupboards and work surfaces.

ACCOMMODATION:
The accommodation benefits from full uPVC double glazing and full gas central heating. The accommodation comprises as follows:
Ground Floor:
Kitchen with base and wall units, roll top work surfaces, bathroom fully tiled with panelled bath with shower and shower screen fixed, low level wc and wash hand basin. Good size lounge with gas coal effect fire as fitted, television point, ample power points, door and windows overlooking rear garden, access to double bedroom with fitted wardrobe units.
First Floor: there is a spacious landing area with a full range of wardrobe units and a spacious double bedroom.
Outside:
As previously mentioned there is parking for three/four vehicles to the front of the premises. To the rear is a garden which is almost 200’(unmeasured) with two patio areas, lawn areas and although in need of some attention, could be a lovely feature of the property.

TURNOVER:
The current turnover is some £1,000 per week. However, the scope to increase the turnover is endless. The shop is currently open between the hours of 8.30 am until 5.30 pm, therefore, missing most people going through the village on their way to and from work. In addition, until two years ago, the business had a licence to sell alcohol. This licence requires renewing. The shop needs refitting, the hours need extending and with very little competition in the village the turnover would be dramatically increased. Newspapers are urgently required.

STAFF:
The business is currently run by our husband and wife vendor clients.

HOURS:
As previously mentioned the business trades between the hours of 8.30 am until 5.30 pm Monday to Friday and the business is closed Saturday and Sunday.

TENURE:
As previously mentioned this business and property is being offered freehold.

PRICE:
We are instructed by our vendor clients to offer this chalet bungalow with business attached at the very realistic freehold price of £320,000. However, sensible offers will be considered.

AGENT’S NOTE:
Absolute stunning location – no-one could ask for a Village Stores with accommodation in this most sought after location within Essex. In addition, with changes made to the business, the shop’s turnover will increase dramatically.