Post Office & Convenience Store
Price:
Freehold - £750,000
Business Type:
Retail businesses
• ADVISED POST OFFICE SALARY FOR Y/E 2009 £35,483
• ADVISED AVERAGE GROSS WEEKLY SHOP SALES £8,000
• ADVISED AVERAGE WEEKLY COMMISSION SALES £6,500
• TOTAL RETAIL SPACE CIRCA 1,780 SQ/FT (165 SQ/M)
• DETACHED PROPERTY – SELF CONTAINED ACCOMODATION
• ESTABLISHED BUSINESS FOR OVER 34 YEARS
LOCATION
The business is situated on Billet Road (B179) in Walthamstow, London and surrounded by residential housing, industrial units and complementary businesses.
The Britannia Sports Ground, the North Circular (A406), Crooked Billet roundabout and the London Hospital Sports Ground are all within 500 metres of the premises.
DESCRIPTION
Current product lines available in the business include: general supplies, toiletries, Bake & Bite, Alcohol, National Lottery, sweets, stationary, newspapers, magazines, greeting cards, toys and freshly prepared sandwiches to takeaway.
The business is fitted and equipped with: Electric Doors, a 7 metre open display chiller, digital CCTV with 5 cameras, ATM, National Lottery terminal, 4 x double chest freezers, photocopier, Walls ice cream display freezer and EPOS.
THE BUSINESS
The business has been owned and operated by our clients for over 34 years. During this extensive period of trading they have built up a loyal customer base. Consequently the business has been fine tuned to the community’s requirements strengthening the business and increasing profitability.
An established foundation is in place for a new operator to input fresh ideas and plans to develop the business and increase profitability further. The current owners are trading the business on limited hours, an extension of these could also help to increase turnover.
THE POST OFFICE
A two position Post Office located to the rear of the retail space. We have been advised that the reported Post Office salary for year end 2009 was £35,483.
Transfer of the Post Office is at the sole discretion of the Post Office Network.
HOURS
The current trading hours are: Monday-Saturday 08:00 to 20:00 & Sunday 09:00 to 19:00.
STAFF
The business is currently run by 3 working owners with the assistance of 2 part time members of staff.
ACCOMODATION
Self contained access to the accommodation is situated to the front of the property and comprises of:
4 Double Bedrooms
Kitchen
Bathroom
TRADING INFORAMTION
The advised average weekly sales of the business are £8,000 generating a GP of around 20%. Average weekly commission based sales are £6,500.
The reported Post Office salary for the year end 2009 was £35,483. Full trading information will be available after a formal viewing has been conducted.
INTERNAL AREAS
Trading area approx 1,780 sq/ft (165 sq/m)
Two Post Office counters
Stockroom
2 x WC
Bakery prep area
Office
Access to side for deliveries
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