Post Offices for sale in Middlesbrough

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S Martin (Feb 2013)
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Leasehold Price: £79,950 Price Reduced Turnover: £20,800
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy Post Office business in Hemlington, Middlesbrough.

The business was originally established in the 1980s and has been in our client’s careful ownership since 2009. Only now is the business being offered to the market due to our client’s desire for a well-deserved retirement. The post Office operates 6 days per week and generates a turnover in the region of £20,800 per annum, with a good gross profit, as well as a Post Office salary of £48,000 per annum. The business further benefits from an ATM machine to the front of the premises.

Our client offers a variety of Post Offices services, greeting cards, confectionery, stationery, soft drinks and toys, as well as offering the Lottery and Paypoint facilities. The premises boast a spacious sales area, which is well-equipped to suit the trade and has been fitted to a high standard throughout. The Post Office was totally refitted in 2014.

The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth referrals.

We feel there is scope to increase the turnover by extending the opening hours and increasing the volume of convenience items offered or introducing tobacco items, subject to the relevant permissions. A new owner could also embark on a modest marketing campaign to promote the business and the services offered.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Hemlington Post Office occupies substantial ground floor, lock-up premises, ideally located in within the area of Hemlington, Middlesbrough. The property is located within The Viewley Centre and is surrounded by a wealth of complimentary shops and businesses, therefore the business benefits from a very high volume of footfall. The Post Office further benefits from ample free car parking facilities within the centre grounds.

Hemlington is a settlement within the town of Middlesbrough in North Yorkshire and has three primary schools. There are a range of local amenities including a recreational centre, which offers various activities, a nine acre artificial lake, which is home to a variety of wildlife, a horse riding centre for disabled people and an adult education and job resource training centre.

The area of the property is well served by the public transport system, with bus stops within easy walking distance of the business. The nearest railway station is Gypsy Lane, which is approximately 4½ miles away. The area is also well served by the A-roads, with the A174 being within easy driving distance, which links to the vast A-road and motorway networks. Middlesbrough town centre is just over 5 miles away and Stockton-On-Tees is 7½ miles away.

PREMISES
Ground floor, lock-up premises in a prime trading location, briefly comprising:

Main sales and display area with:

Open plan Post Office counter with Lottery terminal, credit/debit card terminal and weighing scales.

Confectionery display to front of counter.

Perimeter display shelving.

Wall displays.

Greeting card display units.

Soft drink refrigerator.

Hair accessories carousel.

Fortress Post Office counter to rear.

Kitchen/store room with office space.

WC.

External:

Good signage.

ATM machine to front of premises.

Window and door shutters.

Fully alarmed.

TENURE
We are advised Leasehold:

Original lease length: 6 years

Remaining lease length: 1 year

Rent £800 per month (this is for both the Post Office (£625) and the ATM machine (£175).

HOURS
The business is open:

Monday – Saturday: 9.00am – 5.30pm

Sunday: Closed

STAFF
The business is owner run and managed with 1 x full time and 3 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £20,800 per annum, with a good gross profit, as well as a Post Office salary of £48,000 per annum.


Tenure: Leasehold

Listed by: Hilton Smythe
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