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Gloucestershire Business News

Cotswold community store and Post Office up for sale

Business property adviser, Christie & Co is advertising the leasehold sale of Rendcomb Stores & Post Office, a community store located in the village of Rendcomb, Gloucestershire.

Situated in a prominent position within the centre of the village, the store benefits from both repeat and passing trade and is ideally located close to residential buildings, Rendcomb College with more than 350 pupils and the Cotswolds, an Area of Outstanding Natural Beauty that attracts hundreds of thousands of visitors per year.

The store has been owned and operated by the current owner, Andrew McHugh since October 2018 and after successfully growing the business he is now looking to sell in order to focus on new stores within his portfolio.

It is on the market with a guide price of £90,000 for the leasehold.

Mr McHugh said: "We bought the business in 2018 after years of working for others in the retail sector. We wanted to move out to the country and get to grips with owning and running our own store.

"It has been an idyllic village to live in and as our first store, it has been invaluable in teaching us about operating our own premises. After building trade up significantly for two years it is with a heavy heart that we are looking to sell.

"We decided to list with Christie & Co because of their stellar reputation and friendly, approachable agents. The business will bring new owners a great deal of joy, whether they are looking to change their lifestyles or are just starting off owning their own retail business."

Rendcomb Stores & Post Office is a well-established business and has recently experienced a rapid increase in sales revenues. Christie & Co add that it offers an ideal platform for an owner or regional operator looking to acquire a strong retail business with an excellent current trading position.

There is an opportunity to introduce a variety of new product ranges, promotions and expand on the hot food offering to help increase gross profit margins. In addition, the store offers scope to increase trade through longer opening hours as it currently closes at 5.30pm throughout the week and all day on Sunday.

Jamie Williams, business agent at Christie & Co is handling the sale and said: "The owners have seen sales increase by 17.6 per cent over one year from 31st March 2019 and there is still significant scope for further growth.

Located in the Cotswolds close to the grounds of an award-winning independent school with a low annual rent, this is the ideal opportunity to acquire a lifestyle business or a great entry to the market for first-time buyers."

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