North Norfolk Village Store and Post Office with Owners Accommodation For Sale in Norfolk- Business 4 Sale .co.uk

Business Summary

HISTORY

• Post Office and village store on site for many years
• Original building dates from the 16th century
• In the hands of the vendor since 2010
• Subject of an extensive shop refit in 2011 at a cost of £70,000 +
• Range of services gradually extended to include National Lottery and ATM
• Very much at the heart of the community

REASON FOR SALE

• Vendors are seeking a new project

PRODUCTS

• Wide variety of traditional groceries including fruit and vegetables
• Confectionery
• Greetings cards
• Alcoholic and non alcoholic beverages
• Cigarettes
• Household goods
• Frozen goods
• Ready meals
• Newspapers and magazines
• General goods

SERVICES

• National Lottery
• ATM in store
• Newspaper reservations
• Full range of Post Office services excluding DVLA
• Non alcoholic beverages for consumption on the premises

CUSTOMERS

• Mainly villagers (population 240) with additional trade from several small businesses close by
• Campsite located within walking distance of the village
• Largely non seasonal trade pattern

SUPPLIERS

• Lack of tie to branded retailers ensures a broad choice of suppliers including Bookers, Dairy Crest & Shire Foods
• Increasing trend for local purchases, e.g. pies, jams beers etc

FINANCIALS

• Annual turnover circa £234,000
• Gross profit margin 19%
• Stock holding approximately £22,000
• Post Office salary circa £15,000 per annum
• Lottery sales are approximately £1,000 per week

STRENGTHS

• Retail presence on site for many years
• Delightful Norfolk village location offering wonderful quality of life
• Close to town of Holt
• Spacious owners’ family accommodation with period features
• Unopposed within the village
• Recently refurbished at considerable cost and to high standard – a tremendous modern retail environment
• Air conditioned
• Security of a Post office salary

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property Information

	Property:	Freehold

	Lease Terms:	• Freehold • Rates TBC

	Living Accommodation:	Yes

	Details of Accommodation:	House – Ground Floor • Entrance lobby • Dining Room • Large kitchen • 2 further reception rooms • WC House – First Floor • 3 large double bedrooms • Family bathroom House – Second Floor • Attic bedroom House - External • Parking for approximately 3 vehicles to front of shop • Large enclosed garden to rear • Patio seating area • Drive with garage • Patio style seating for customers • Garden to front

	Location:	• Centrally sited in an affluent traditional Norfolk village close to delightful Georgian Holt • Customer parking to the front of the shop and with unrestricted street parking • Within easy reach of north Norfolk coast and rural environs • Unopposed within village

Growth Potential

• Introduction of addition products lines especially with locally sourced focus
• Business development activity relatively limited
• Further community involvement
• Additional opening hours
• Could easily be run by husband and wife team

Reason for Selling

• Vendors are seeking a new project

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Business Hours

Shop

• Weekdays 7 am to 7 pm
• Sunday 9am to 12 noon

Post Office

• Weekdays 9am to 5.30pm
• Saturday 9am to 12.30pm
• Sunday closed

Summary of Staffing

• 3 part time staff (total 48 hours per week)

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