AWARD WINNING POST OFFICE FOR SALE
Price:
Leasehold - £380,000
Business Type:
Retail businesses
The particular highlights of the business are:
- Officially recognized by the post office as In the Top 10 Post offices in the U.K
- Accredited with the STEPS program for financial products
- AEI Machine for Driving Licence Renewal
- Training Room on first Floor
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £572000 with a net profit of £60000. (See financial summary below).
- A business with great potential which has not been exploited.
- An easily run operation.
- Good loyal well trained staff.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Main Post Office and convenience store.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving Post Office which has been established since 1980. The business has been in the hands of the current owner since 2008 and now wishes to sell due to working on new projects with the Post office
Services
This very good business opportunity provides Main Post Office Facilities, Convenience Store, Newsagents, Lottery, Pay Station and Stationary.
Staffing
The concern employs 15 staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of Business Clients Locals and Passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Longer Opening Hours.
• Increasing the product line to include an off licence.
• Better Use of footfall in the retail Area
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
The present annual turnover is £572000 with a gross profit of 20% and a net profit of £60000. The wages are £145,000. The present value of the stock is £15000.
The potential turnover of the business within the next 2 years is forecast to reach £700000. pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in Essex.
- Prominent location on main arterial road.
- Part of a parade of shops with in the market square.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A120.
- Area enjoying much growth and regeneration.
- A lifestyle area
- Excellent local demographics for this type of area.
The original length of the lease was 15 years with 12 years remaining. The rent is £33,000 pa with a review in 2years. The lease may be renewable or negotiable for longer term if required. The rates are £14,100.
Monday to Saturday 8.00am -5.30pm Sunday Closed
North Yorkshire
£ 750,000
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