Prime Location Town Store & Post Office With Loyal Customer Base in Wivenhoe, Essex

Description

Wivenhoe Town Store & Post OfficeTurnover: circa £176,000Adjusted Net Profit: circa £45,000Business SummaryBusiness Name: Wyvern StoresLocation: Wivenhoe, Colchester, CO7 9AAType of Business: Town Store & Post OfficeThe OpportunityPrime Location: Strategically positioned in a high-traffic area with strong visibility on Wivenhoe High Street.Established Customer Base: A loyal and diverse customer base supported by the addition of a busy Post Office service, attracting consistent daily footfall.Strong Financial Performance: The business has demonstrated consistent revenue and profitability over time, generating stable net profits.Comprehensive Product Range: A well-stocked retail offering including groceries, snacks, beverages, household essentials and eco refill products, complemented by Post Office services.Additional Revenue Streams: The business also operates two mobile Post Office services serving nearby village locations in Essex and Suffolk.Sale ConsiderationThe current owners, after 12 years of operation, are retiring. The sale presents a turnkey opportunity for an incoming operator or existing group looking to expand. The business includes all goodwill, brand presence and Post Office operation, which is a key driver of footfall and revenue.The premises are offered on a secure, low-cost leasehold basis, available via lease assignment or new lease agreement subject to terms.Business OperationsStaffing: A team of five experienced staff members supports daily operations, with the current owner overseeing the Post Office function.Suppliers: Established relationships with both local and national suppliers ensure consistent stock availability and favourable trading terms.Systems and Procedures: The business operates with structured procedures, staff training systems and a modern POS system, alongside CCTV security coverage.Financial SummaryThe business benefits from multiple stable revenue streams, contributing to consistent and reliable income generation.PremisesThe store occupies a single-storey retail unit of approximately 473 sq ft, including retail space with extensive shelving and a dedicated two-counter Post Office with secure facilities and storage. The premises have been upgraded with modern lighting and equipment, creating a clean and welcoming retail environment.LocationThe business is situated within walking distance of the railway station and quay front, benefiting from strong pedestrian flow, repeat customers and nearby free parking facilities.Market OverviewThe convenience retail sector in the UK continues to demonstrate resilience and steady growth, driven by demand for accessible, local shopping. Businesses that combine traditional retail with essential services such as Post Office operations remain particularly strong performers.Further InformationFurther details are available upon request. Viewings are strictly by appointment only and subject to confidentiality requirements.