• Gross Turnover WHS £362,040
• 10 year lease 2014, 5 year rent review £44,000 PA
• Additional rental income from above flat and office space £1,400 PCM
*OIRO* Profitable and established leasehold post office and store in prime shopping location. Turnover for year 2015 of £161,000 plus post office commission in excess of £106,000 PA. Limited company sale. Flexibility on selling other products. Excellent scope for growth. Possible 2nd site. 44553
This is a rare opportunity to purchase a business which is fully established upon a leasehold basis, with excellent growing commission rates as a main post office, plus the added bonus of a W H Smith Local franchise (optional) also producing excellent profitability. Located upon a busy shopping arcade with parking, Fryern Hill Post Office and W H Smith Local offers a new first time business owner the security of a large high street chain and name, plus scope to expand and add their own twist to the site. Fryern Hill offers exceptional profitability for a seasoned business owner to take the next step upwards.
Located in the Fryern Hill Arcade, off Winchester Road in Eastleigh Hampshire, Fryern Hill Post Office offers many post office facilities. The business is located approx. 2 miles outside Eastleigh in a very affluent area. This post office and W H Smith Local benefits from a recent refit and offers excellent scope for a potential new owner to expand and sell additional goods and services.
Eastleigh is within easy reach of the M27, M3 A31 routes both North, East and West and within easy reach of Southampton and Gatwick Airports. The business is only being offered for sale due to the vendor’s lifestyle demands.
The post office is a protected commissioned position and the salary from day one of trading is £205,825 PA and growing. In addition to this, there is the franchise from W H Smith Local. The extensive store offers all of the W H Smiths services and products and is flexible at what the new owners want to add to sell in the store. This offers a turnover just on the retail side of £362,040 and growing.
The current vendors established the business in 2014 where the store was fully renovated and fitted out as part of the franchise agreement. Fryern Hill Post Office and W H Smith Local represents a truly stunning opportunity. The vendors also own and are selling another site set up the same and would consider selling both to one vendor.
Summary. Fryern Hill Post Office and W H Smith Local represents an ideal opportunity for a newcomer or seasoned business owner to acquire a business in a unique position with a good rental, offering excellent scope to develop further.
The business represents an ideal lifestyle and demand is expected to be exceptionally high, therefore an early viewing is a must.
Further to this, there is a second site at Gosport and the two sites could be sold together.
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