Property Information
Address:
Reading, Berkshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH523696
Property Ref/Agent: 12602-caf-and-eacute-and-village-store-with-catering-service
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe welcomes to the market The Village Shop. The business was originally established by our client in 2011. The owner is now looking to sell the store due to the desire to focus on other business interests.
The business runs as a caf and village store. The store is very busy and has very little competition close by. The turnover is made up of 70% caf and 30% grocery sale. They offer a fantastic range of products. Including freshly made sandwiches, pies and coffees in the caf. The caf has an excellent 5 star hygiene rating. The store also sells a plethora of stock, this includes locally sourced meats, preserves, wines and beers. This store offers flowers and potted plants in the summer months and a catering service throughout the year.
The business currently generates an advised turnover of around 200,000 per annum with a gross profit of around 31%. There are option to boost turnover, some ways are to open later hours, introduce the Lottery and maybe add a post office counter. There is no business like this one in the area so the store benefits from repeat trade from the locals.
The store has a website from which they advertise the services available. The site is easy to use and is included in the sale. Our client is introducing an online shop to the site which is currently being developed.
There is high demand for an outside catering service. Close by there are large blue chip companies. Developing the catering service could benefit the turnover. Our clients have currently got 9 regular catering contracts which is fantastic for repeat loyal trade.
This business has been run to an exceptional standard by our client and is not to be missed. The store has huge scope to boost turnover and would be great for a purchaser looking to relocate. Above the store is a large first floor, there is the option to convert this space into a two bedroomed owners accommodation.
Hilton Smythe highly advise early viewing to take in the full potential of this multi-facet business.TENUREWe are advised the business is being sold as a Leasehold opportunity.
We have been advised that as of January 2017 the lease will be renewed for a further 10 years.
Rent: 8,000
per annumHOURSThe business is opening hours-
Monday - Friday: 5:30am - 5:30pm
Saturday: 7am - 3pm
Sunday: 8am - 12pmSTAFFThe business is run and managed by our clients with the help of 2 members of staff.FINANCIAL PROFILEThe business generates a turnover in the region of 200,000 per annum.
Gross profit 31%
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