• Private sale. Same hands for eighteen years. Retirement sale.
• Net profit year ended 31/03/2016 £25,784. Post Office salary year to 31/03/2016 of £52,510
• Staff run with involvement by owner on just 2½ days per week.
• Low overheads. Easy hours. Repeat custom. Experienced, competent staff.
• New 8 year lease proposed at very reasonable £6,000 p.a.
• Opportunity for new owner to reinvent the business as a new model Post Office Mains.
Established in this location in1998 the business has been in the same ownership since. Now being offered to the market due to retirement sale.
The Post Office currently operates easy hours 5½ days per week. Retail turnover £24,953 for year to 31/03/2016 at 23.5%POR. Current retail turnover circa £175-£200 per week without tobacco sales.
Post Office salary year to 31/03/2016 of £52,510 ( rising from £51,447 in year to 31/03/2015 )
The Post Office provides customers with the traditional services including high proportion of the profitable mails transactions, moneygram & Euro sales. There is also a high volume and value of business banking which should give assurance of maintaining the Post Office mains status. The benefit payments made at this office are very limited due to the nature of Cambridge's generally well-to-do population.
The business also retails greeting cards, packaging, stationery and a large, popular range of postcards. The sales area is uncluttered and equipped for the trade and has been fitted with a much appreciated desk for customer use in preparing their mail. The fixtures & fittings are in generally very good, clean condition.
The business has a very loyal client base, with much repeat trade and good reputation for service & professionalism.
There is plenty of scope to increase turnover for example by increasing opening hours and offering other lines e.g. tobacco / cigarettes, soft drinks, crisps & snacks or confectionery, etc as desired. There is not much immediate competition in these lines. A marketing campaign to promote the business and the services offered could be beneficial.
This is a first rate opportunity for an owner / manager to further develop this already profitable business. An early viewing is recommended to avoid disappointment.
Appointment by Post Office Ltd will be to the new "Mains" model where business income is commission based only.
Comparable commission under the new Post Office Mains model has previously been estimated at £48,600
As the incoming purchaser will be operating a new Post Office Mains branch there will be a requirement to invest for the future of the branch in some improvements such as new signage, carpet/vinyls, some redecoration & updating, etc. Whichever investments are considered neccessary Post Office Ltd will reimburse half the approved costs. Total investment required may exceed £10,000.
The business is managed just 2½ days a week by the owner/manager and run with 1 full time and 1 part time member of staff.
Number of Employees: 1-5
Support & Training:
Vendor available to offer full support & advice throughout the Post Office application process and remain available after sale during settling in period with help & advice if required.
Premises situated in charming courtyard adjacent the very busy regional arcade, Grafton Centre in Cambridge. CB1 1HP.
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