Freehold Post Office And Convenience Store With Accommodation
Price:
Freehold - £375,000
Business Type:
Retail businesses
HISTORY
• The business was originally founded over 30 years ago with the present vendors owning it for over 4 years
REASON FOR SALE
• The post office is only now being reluctantly offered for sale as they wish to spend more time with their young family
PRODUCTS
• Cigarettes and tobacco
• Beers, wines and spirits
• Greetings cards and gift wrap
• Newspapers and magazines
• Small toys and stationery
• Chilled and frozen foods
• Soft drinks
• General household
• Bottles of calor gas.
CUSTOMERS
• Customers are split approximately 50% locals and 50% passing trade
SERVICES
• Single position post office counter
• 4 morning paper rounds for 7 days a week
• One evening paper round from Monday to Saturday only
• Window display advertising
• Photocopying
• Half a double garage is rented out as storage for £150 per month to a local business
STRENGTHS
• An extremely well established business which has been trading for over 30 years
• Excellent high visibility location on a busy main arterial road
• Good presentation throughout with a new owner having nothing to do on takeover
• Current post office salary of £30,250 p.a., together with shop sales of circa £3,500 per week
• Above industry average gross profits of approximately 27% on shop sales
SCOPE
• Having more paper rounds
• Also offer fresh fruit and veg sales
• Install a bake ‘n’ bite unit in the shop
• Apply to have the national lottery
• Have a web site
• Stock some real ales to supplement the beer sales
FINANCIALS
• Weekly takings £3,500 (shop sales)
• Gross profit margin 27%
• Post office salary £30,250 pa
• Stock holding circa £11,000
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
• The post office has an excellent high visibility location on a busy main arterial road of an affluent town in Berkshire
• There are primary, junior and senior schools all within approximately ½ mile of the premises and a main line railway station approximately 5 minutes drive away
• Monday - Saturday 6.30am to 8pm
• Sunday 7.30am to 4pm
• Very well presented throughout with a ground floor post office and convenience store with private accommodation arranged over ground and first floors, with double glazing and alarm. Briefly arranged as follows:
• Centre entry door into shop with facing single position post office counter
• Side store counter with rear cigarette gantry and spirits
• Confectionery display, photocopier, 2 single door beer chiller units
• Double door chest freezer, 2m open chiller for soft drinks and general dairy products
• Greetings card display, magazine rack, small toys and stationery displays
Living accommodation
• Through from shop to rear private lounge overlooking the rear garden and double garage
• From rear of post office station is the family kitchen with a range of base and wall units
• W/C and stairs to first floor
First Floor
• 3 bedrooms, 2 of which are doubles
• Bathroom with power shower over bath and under floor heating
External
• Rear garden mostly laid to lawn
North Yorkshire
£ 750,000
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