Freehold Post Office And Convenience Store
Price:
Freehold - £500,000
Location:
Nottinghamshire
Business Type:
Retail businesses
HISTORY
• The business has been trading in a retail capacity since 1900.
• The freehold concern has been in the careful hands of the current owners for almost two decades.
REASON FOR SALE
• This is a genuine sale for retirement purposes.
PRODUCTS
• The business operates along the lines of a traditional convenience store together with the normal services provided by a post office.
• Some of the product lines that are retailed include:
o Beers, wines and spirits
o Newspapers and magazines, counter sales only
o Confectionery, crisps and snacks
o Soft drinks and ice creams
o Convenience foods and tinned foods
o Frozen foods
o Pet foods
o Household items
o Pay point
o Lottery through the post office
o Gas and propane
STOCK VALUES
• At present, the business is holding approximately £30,000 worth of stock at cost.
FINANCIALS
• The vendor has informed us verbally that weekly takings are averaging £10,000 per week
• An average margin of 17.5%.
• In addition to the above there is a further average weekly taking of
approximately £5,000 per week from the pay point facility for which there is a profit margin of 2.5%.
• The annual post office salary is £20,000 per annum.
• The business has an ATM facility which generates a monthly commission of approximately £130 per month
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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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.
• Our client is located in a village setting on the Nottinghamshire/Derbyshire border. The immediate area has a mixed stock of residential dwellings from a housing estate to private homes.
• There is ample free car parking in the area.
• Monday to Saturday: 6am to 7am
9am to 8pm
• Sunday 8:30am to 1pm
6pm to 8pm
• The extensive freehold accommodation briefly comprises of the following:
Retail sales area
• Counter with cigarette gantry to rear
• Appropriate racking, shelving and gondolas
• Four frozen food fridges
• Three vertical drinks fridges
• Ice cream fridge
• Leading to post office and kitchen facilities
• Store room which was previously a fresh fruit and veg store
• Large basement storage
Ground Floor Accommodation
• Lounge
• Fitted kitchen
• Enclosed gardens
• Secure parking for three vehicles
• Outbuilding
First floor
• Five double bedrooms
• Large w/c and bathroom
• Office
• Lounge
North Yorkshire
£ 750,000
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