High Street, CO7

Wivenhoe Town Store & Post Office
Turnover: circa £176k
Adjusted Net Profit: circa £45k

BUSINESS SUMMARY

Business Name: Wyvern Stores
Location: Wivenhoe, Colchester, CO7 9AA
Type of Business: Town Store & Post Office

THE OPPORTUNITY

Prime Location: Strategically located in a high-traffic area with excellent visibility on the main high street in Wivenhoe.
Established Customer Base: A loyal and diverse customer base, including 10 current outreach post offices, that values the convenience and quality offered from a traditional town store and post office.
Strong Financial Performance: Consistent revenue growth and profitability over the years and consistently strong net profits.
Comprehensive Product Range: Well-stocked inventory catering to the varied needs of customers, including a range of eco refills, groceries, snacks, beverages, and household essentials complimented by the addition of the Post Office.
Experienced Staff: A dedicated and skilled team that contributes to the efficient operation of the business.
Mobile Post Office: The business also offers 2 mobile post office services to local village locations in Essex and Suffolk.

SALE CONSIDERATION

With the owners of the last 12 years looking to retire, the store is being made available presenting a turnkey operation for aspiring entrepreneurs or existing chains looking to expand. The sale will encompass all aspects of the business, including its prestigious brand, loyal customer base and the addition of the Post Office which is very busy element that brings increased footfall into the store.

The premises is a low cost and secure leasehold and will be made available by lease assignment or new lease to be agreed.

BUSINESS OPERATIONS

Staffing:

A team of 5 existing staff members is known for their experience and dedication to the business, the current owner runs the post office.

Suppliers:

Relationships with local and national suppliers the business has built-up long-lasting relationships with suppliers on preferred terms, contributing to the consistent profits over the years.

Systems and Procedures:

Documented operational procedures, staff training manuals, and customer service protocols are in place to maintain the businesses high standards. The business utilizes a state-of-the-art POS system for efficient ordering and inventory management, the store also benefits from internal CCTV.

FINANCIAL SUMMARY

The business benefits from multiple revenue streams, all of which are robust and consistent, providing a reliable source of income.

PREMISES

The store is located on a busy residential riverside town with an immediate population of 7637 people, growing year on year. The vendor has made significant improvements to the property and introduced new low energy lighting and equipment which offer a warm and welcoming environment for customers and requires no further investment from an incoming operator who can capitalise on the extensive, high quality fit out to date.

The premises is a single storey leasehold with 473 sqft of retail space including a retail space with a large range of freestanding and wall hung shelving units. There is a secure two counter post office with safe room and POS material promoting the post office services.

Viewing is essential to appreciate the quality of the business on offer.

LOCATION

The business is located within walking distance to the main railway station and quay front which is popular with residents brining in repeat passing trade. In the town there is a free public car park providing easy access for customers.

MARKET ANALYSIS

The convenience store industry in the United Kingdom is a dynamic and resilient sector that plays a vital role in meeting the daily needs of consumers. Characterized by a diverse range of products and services, convenience stores have become an integral part of the retail landscape. This market analysis aims to provide an overview of the key trends, opportunities, challenges, and competitive landscape within the convenience store industry in the UK.

Market Size and Growth:

The convenience store industry in the UK has experienced steady growth over the years. The demand for convenient and accessible shopping options, coupled with changing consumer lifestyles, has contributed to the expansion of the market. The convenience store sector has proven to be resilient, adapting to consumer preferences and incorporating technology to enhance the shopping experience.

The convenience store industry in the UK remains a vibrant and evolving sector with opportunities for growth and innovation. Adapting to changing consumer preferences, embracing technology, and differentiating through unique offerings are essential strategies for success in this competitive market. As the industry continues to evolve, convenience stores that demonstrate agility and responsiveness to market trends are poised for long-term success.

FURTHER INFORMATION

Further information is available by speaking with us and viewings are strictly by appointment only as the sale of this business is strictly confidential.

For more information, please contact us.