The business has been in the same hands since 1989 and is now offered for sale due to the vendors retirement.
DOUBLE FRONTED PREMISES in the region of 300 sq. ft. sales area, carpeted and well equipped including large greeting card display with drawers under, modern adjustable shelving for stationery & toys, 3 revolving display stands (2 used for cards whilst the other is utilized for callenders). Post Office counter with anti-bandit screen (3 positions).
Kitchen with sink
Turnover : £500 p.w. in our opinion offering further potential to increase in the right hands. Post Office salary £62,000 p.a. approx. We are further advised that the sales year ending 31st March, 2011 showed sales of £25,225 with a gross profit of £13,261 i.e. 50.43% plus post office salary of £62,806 providing an overall gross profit of £76,067. The business has recently been appointed for the sale of on line national lottery tickets plus scratch cards which should obviously provide a further revenue.
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £129,950 plus STOCK AT VALUATION (£5,000/£6,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Monday - Friday inclusive - 9 a.m. - 5.30 p.m.
Halfday Saturday closing at 12.30 p.m.
NO SUNDAY TRADING
Number of Employees:
The business is at present operated by the vendor on a part time basis (approximately 2½ days per week) with the assistance of 5 part time staff (only 2 part time staff employed at any one time). It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced).
Number of bedrooms: 1
The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provices a rental income of £550 per month, however, we understand that vacant possession can be given on completion, if required. The FLAT, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
1 Double Bedroom
Bathroom with bath, shower over bath, wash hand basin
KitchenYard at rear. Small garage (at present let and providing a rental income of £50 per month).
In addition there is an advertising board to the side of the property which provides a further rental income of £450 p.a.
Location Details: Sought after residential area WEST SUSSEX
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