Post Offices for sale in South Yorkshire

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Sarah Davies (June 2014) View More
Leasehold Price: £59,950 Price Reduced Turnover: £102,425 Gross Profit: £83,053
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this profitable post office. The business was originally established in 1997. Our client first took over the store in 2009, but is now looking to sell the post office due to the desire, to focus on other business interests.

The business is run as a post office with all services available such as-

Drop & Go

Parcelforce Express service

Passport check and send

Vehicle tax

Saving application and current account services

Foreign currency

There are many other services available including an ATM, Lottery and photo booth. The post office stocks a large range of greetings cards and gifts, they also sell some stationary products.

The business currently generates an advised turnover of around £102,000 per annum with a gross profit of around 81%, as of the 2015 accounts. Lottery commission is paid to the post office, to which our client gets a sum.

The post office sees a generous amount of repeat loyal trade, which allows for a healthy turnover. The store offers a great range of services, which allows customer to visit the post office rather than traveling into the centre of Sheffield for the larger post office. Boosting stock would be a great way of increasing custom.

The business comes ready to run, in a walk-in trading position. This is a perfect opportunity for a purchaser who is looking for a post office in a successful area. Our client has run this business to a high standard, and so Hilton Smythe highly advise early viewing to avoid missing out.

LOCATION
The post office is located in South Yorkshire.

The business is situated on a main road on a retail parade of stores. There is an abundance of retail outlets such as a take away, newsagents, hair salon, bakery, clothing store, florist and much more. There is parking along the road for custom, with further parking at the back.

PREMISES
The business boasts a two storey, single fronted premise. There is a large display window at the front which allows for a bright and airy retail space. Built in to the front of the premise is a free withdrawal cash machine.

The retail space is a great size. There is perimeter shelving around and a central isle for displaying a large amount of greetings cards. To the rear of the shop are two post office counters. Next to these counters is another service counter. There is an entrance to the first floor, via the shop.

The stock room is located on the first floor, this is a large open plan room which is fully shelved. There is also a kitchen and toilet.

Equipment includes-

Shelving

Racks

Tills

Counter

Lottery terminal

Cash machine

The premise is well-secured and comes fully alarmed.

TENURE
We are advised the business is Leasehold.

Original lease length: 15 years

Left on the lease as of 2016: 8 years

Rent: £14,850 per annum

HOURS
The business is open-

Monday - Friday: 9am – 5:30pm

Saturday: 9am – 2:30pm

Sunday: Closed

STAFF
The business is run and managed by our client with the help of some members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £102,000 per annum as of the 2015 accounts.

With a gross profit of around 81%


Tenure: Leasehold

Listed by: Hilton Smythe
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