Post Office & Village Store in Dickleburgh Price Reduced
Price:
Freehold - £430,000
Location:
Norfolk , Dickleburgh
Business Type:
Retail businesses
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business.
- Turnover in excess of £490,000 (see financial summary below).
- A business with great potential which has not been exploited because the present owners have been concentrated on other projects.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or partnership.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides convenience goods, off licence, newsagent, post office, lottery, ATM Machine, stationary, cards, gift wrapping, sandwiches, rolls and hot drinks.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Post Office and Village Store which has been established since 1985. The business has been in the hands of the current owner for the past 10 years and now wishes to sell due to retirement.
Services
This very good business opportunity provides convenience goods, off licence, newsagent, post office, lottery, ATM Machine, stationary, cards, gift wrapping, sandwiches, rolls and hot drinks.
Staffing
The concern employs 8 members of staff.
Owners Role
The owner is involved in the day to day running of the business. They are semi-retired hence employing 8 staff
Marketing
The owner markets the business in the ‘Parish News’.
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business some 5 miles away.
There is no local competition.
Market
The client base consists of 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 including local and internet advertising.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Redevelop the shop area by creating an open plan and utilising the floor space.
• Introducing special offers.
• 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.
PROPERTY DETAILS
The property is detached and is approximately 25 ft x 100 ft. The front is branded with an attractive glass front. There are wooden/manual shutters. The main customer service area is tiled with a middle aisle, shelving and racking to the walls. It is very well presented and very conveniently laid out.
To the rear is a store room. There is a toilet and general staff facilities.
There is an option to purchase the garage and store room which is addition to the premises.
FIRST FLOOR
On the first floor there is a 3 bedroom flat with a bathroom, kitchen and lounge area.
EXTERNAL
To the rear is a large loading area, garage and storeroom.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £25,000.
FINANCIAL DETAILS
The present annual turnover is £498,000 with a gross profit of 85%. Post office salary of £24,000 pa. The wages are £37,800. The present value of the stock is £19,000.
The potential turnover of the business within the next 2 years is forecast to reach £800,000 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 the Dickleburgh area of Norfolk.
- Dickleburgh boasts an active community including FODS (Friends of Dickleburgh School), The Village Society, The Luncheon club and The Sports & Social Club.
- The village also entertains regular annual events including The Dickleburgh May Fayre, Christmas Fayre and 'Dicklefest'.
- Excellent parking facilities to the front and side.
- Surrounded by a densely 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 A143 & A140.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- The property also benefits from a small hairdressers within the premises, renting the room only. This yields an annual rental income of £3,600 to the present owner.
Monday to Sunday: 7.00 am – 10.00 pm.
On the first floor there is a 3 bedroom flat with a bathroom, kitchen and lounge area.
North Yorkshire
£ 750,000
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