Business for Sale in Silverstone, Northamptonshire FREEHOLD VILLAGE STORE, POST OFFICE & APARTMENT - SILVERSTONE

Freehold Price £1,400,000

Key Information

Reference
G34360SM
Tenure
Freehold
Status
Under Offer
Region
Northamptonshire
Sector
Convenience Stores
Business Rates
We are advised that the business currently enjoys a full exemption and thus no Business Rates are currently payable. This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.
Accommodation
Independent 3 Bedroom Apartment.

Business Information

  • Internationally Known Location
  • Busy Post Office & Sorting Office
  • Family Owned for Many Years
  • Very Well Regarded
  • Significant & Substantial Turnover
  • No Competition Locally
  • Presented in Excellent Condition
  • Rare Opportunity
  • Independent 3 Bedroom Apartment
  • Local & Visitor/Tourist Trade

PARTICULARS

Location, Location, Location! It is unlikely that there will be many people that have not heard of the world famous race track at Silverstone, known not only for the British F1 Grand Prix but many other motor sport events that are held there throughout the year.

The village of Silverstone is itself a beautiful and busy spot which continues to grow as further development takes place, benefiting from it’s proximity to the track but being a vibrant community in it’s own right. The location could therefore not be better given the substantial passing trade from visitors to the track, which is supported by the local trade throughout the year.

The business and property has been in the same family ownership for many years and only comes onto the market now as the owners look to retire. This is a rare opportunity therefore to acquire this substantial freehold property which generates significant turnover and profit and has the added benefit of including a 3 bedroom residential apartment.

As opportunities like this do not come along very often we expect there to be strong interest in it and so would urge you to contact us at your earliest opportunity if this is of interest to you, and you are in a position to proceed.

THE BUSINESS ITSELF

The owners father originally took the business on in 1976 and it has grown and flourished ever since with his son and daughter taking over the reins in 1998. The original shop was smaller than it’s current size but the owners have extended it over the years as well as taking on the village post office and sorting office when that became available. They have been a Nisa partner for approximately 8 years and they and their customers now enjoy the benefits that this partnership brings.

The business continues to go from strength to strength with the owners ensuring that not only are current trends and customers demands met but that they also continually invest in the upkeep of the shop meaning that it is now presented in excellent order. In our opinion the shop gives the impression of a mini upmarket supermarket such is the quality of it’s fittings and the extent of the product ranges that it stocks.

The shop offers a full selection of goods, from fresh fruit, veg, meat and dairy produce, frozen foods, drinks, both alcoholic and soft, stationary, greeting cards, newspapers and magazines, cleaning products, items for pets and for motoring, seasonal goods such as Christmas trees and, it would seem, everything else in between.

As mentioned the business generates a significant and sizeable turnover and we are able to provide further detailed accounts showing these figures only upon receipt of a signed non-disclosure form and confirmation that funds are available for a purchase at this level.

PREMISES

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The property is located in a delightful elevated position in the centre of the village offering a picturesque setting and with the benefit of a good amount of public free parking outside giving ease of access for customers.

Upon entering the store you will firstly note the quality of the interior fit out with tiled floors, a higher end suspended ceiling with inset spot lighting and speakers. Similarly the extensive range of display units, fridges, upright clear fronted freezers and coffee machine are all of excellent quality and help to bring an upmarket feel to your shopping experience. There is a large service counter which has 3 EPOS till points, a Lotto terminal and a Post Office Local counter providing ample room to assist customers with their purchases.

Overall the shop retail area measures in the region of 1,585 sqft and with it’s excellent design and layout means they are able to stock the extensive range of products they do enabling their customers to easily carry out a full weekly shop.

The shop further benefits from a useful basement cellar used for storage and is fitted out with racking and shelving and is predominantly used to store drinks and similar products. To the rear of the main store there is then a staircase leading up to a good sized manager’s office with a range of shelving, ample room for multiple desks if required and is where the CCTV for the shop is monitored.

Moving out of the back of the store there is a good sized store room which as well as providing storage facilities is also home to a staff kitchenette area and a staff toilet. Further on in this room you will find a walk in fridge and a walk in freezer and then behind them a further kitchen area with oven for baking off hot baked products.

There is access out into the enclosed yard area which also has large gates out onto the main road which is ideal for deliveries. The yard is a very good size and has parts which are under cover as well as open and in addition it has a large shed which is partly caged for the storage of Calor gas bottles and part fully enclosed for further storage of products.

To the rear of the yard the vendors have more recently constructed a 2 storey building which the ground floor is now rented out to Royal Mail and used as their local sorting office. On the upper floor is an open plan room with small kitchenette area, window to side, two skylights and wooden style flooring. On the ground floor there is the main sorting room with 4 desks, W.C, stairs to first floor, doors to the yard and then main door to the road. The overall maximum internal floor space is in the region of 1,200 sqft. This well constructed building is an interesting addition to the overall property and could offer a number of possible uses, subject to planning, should the arrangement with the post office come to an end in the future.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The neighbouring property was previously a 2 storey terraced house but the vendors extended the business into the ground floor of this property and then converted the good sized first floor into a well presented 3 bedroom apartment with lounge, kitchen and bathroom.

This property is currently rented out on an AST agreement providing an additional income for the vendors however one assumes that it could also provide suitable accommodation for a new owner operator of the business if so wished.

As previously stated opportunities like this one, in a location as famous as this, do not come along very often and so we would urge you to get in touch with us to discuss this if it is of further interest to you. Please note that all viewings will be strictly by appointment arranged via EMF.

FURTHER INFORMATION

REFERENCE NUMBER

G34360SM.

OPENING HOURS

6:00am to 8:00pm Monday to Saturday and 7:00am to 6:00pm on Sunday.

TENURE

Freehold.

RATES PAYABLE

We are advised that the business currently enjoys a full exemption and thus no Business Rates are currently payable.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

EPC

Where applicable the Energy Performance Certificate is available on request.

PRICE

£1,400,000.00.

To include the goodwill and fixed tangible assets of the business and the freehold property but excluding vehicles. The price shown is for a sale of the company shares based on a cash free/debt free balance position in the company with stock payable in addition at valuation with any adjustment to be made to reflect the company’s actual position as at completion and to be agreed between the parties during negotiations.

VIEWING

Strictly by appointment only, please call our Warwickshire & Northamptonshire office on (01788) 435 966 to make an appointment.

FINANCE

Finance may be available to suitable purchasers.

BUSINESS TO SELL?

Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

PREMIER MARKETING

We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on all of the online portals and our own website, make your business stand out from the crowd - call us today!

UNHAPPY?

Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

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Warwickshire & Northamptonshire

Your Regional Director Chris Ruggles

Warwickshire and Northamptonshire

Valiant Office Suites, Lumonics House
Valley Drive
Rugby
Warwickshire
CV21 1TQ