Prominent Village Location
Post office commission £14,000 per year
Turnover Year Ending March 2022£550,000
Net Profit £111,000
Accounts Available Year Ending 31st March 2021
Net Profit £110,516
Further Financial Info Available After Viewing
Recently Began Trading As Spar
5 Bedroom Flat ( Sizes of the property within the sales brochure)
3 Bedroom House To Rear ( Sizes of the property within the sales brochure)
Scope To Extend Opening Hours
Potential To Let House As Holiday Home
EPC - TBC
REF 7330 – Freehold Convenience Store/Post Office With Accommodation
Blacks Brokers are pleased to bring to the market this freehold convenience store and Post Office with accommodation located in Stogursey, near Bridgewater, Somerset
The Post Office and shop was established over 100 years ago and our client took ownership in 2005 and has recently began trading under the Spar brand. The business offers a range of convenience products as well as Post Office services. It is very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Stogursey Spar and Post Office has a strong social media following and a comprehensive website provided by The Post Office directly.
Stogursey Spar and Post Office occupies a high street trading position within stunning village location. The area is well populated residentially, and other local amenities include pubs, schools and nursery settings. Stogursey Castle is also nearby. The area is well linked by the A39 with good public transport links and parking is available immediately outside. The village is growing in popularity and there is a large construction site nearby which will provide long term custom.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but sadly due to ill health, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The business operates with eight members of staff in employment supporting our client working on a full time basis.
Stogursey Spar and Post Office has traded solidly for many years and our client has established a strong repeat customer base. We are advised that the business has annual turnover of yr ending March 2021£524,418 and gross profit of £136,310 which is a Substantial increase on 2020 Turnover last year .Full financial information is available upon request
Purchasers should enquire with relevant local authorities to confirm the rates payable.
This well known and long established business occupies an enviable trading position in a highly sought after (area) village near (of) Bridgewater. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and longer opening hours, possibly a collection and drop off service where appropriate and new product lines. As noted above, there is also scope to let the property to the rear of the shop. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.