Post Office With Substantial Salary and Retail store

Price:

Leasehold - £54,950

Turnover:

Seller Ref:

9601IP

Location:

Suffolk

Business Type:

Retail businesses

See Other:

General stores for sale in Suffolk
Post offices for sale in Suffolk
Retail businesses for sale in Suffolk

Description:

THE BUSINESS:

HISTORY

• Post office location last forty years
• Acquired by vendor five years ago
• New product ranges introduced during his tenure

REASON FOR SALE

• Retirement

PRODUCTS

• Greetings cards
• Confectionary
• Books
• Bric-a-brac
• Soft drinks
• Stationery

SERVICES

• Wide range of Post Office services including DVLA
• Dry cleaning agency
• Window cards

CUSTOMERS

• Mix of locals and passing trade with parking immediately outside
• Close to American Air Force base with large numbers living locally

SUPPLIERS

• Wholesalers and cash and carry

FINANCIALS

• Post Office salary £43,283 per annum
• Retail turnover £15,000 per annum

STRENGTHS

• Security of substantial Post Office salary
• Central trading position
• Established many years and supported by the community
• Extremely low staff overheads
• High margin sales such as greetings cards
• Very limited competition in area
• Large Tesco opening soon and a pharmacy coming next door
• Leisure Complex being built in village

SCOPE

• Substantial opportunity to introduce new product lines and services
• Development of off licence and bakery
• Opportunity to increase shop takings from relatively modest £1,000 per month
• Introduction of additional Post Office services such as passport checks and Bureau de Change
• Introduction of locally sourced products

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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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).

Location Details:

• High Street location in a village in Suffolk • Busy main thoroughfare • On street parking immediately outside with ample free parking close by

Lease Terms:

Leasehold Rent £5, 200 per annum Rates £1, 200 per annum N.B. The substantial 5 bedroom house attached to the property, along with the freehold to the Post Office is currently on the market and may be available by separate negotiation if required

Trading Hours:

• Mon to Sat 9am to 5.30pm

Accommodation:

• Lock up ground floor unit • Part of larger detached dwelling (currently on the market) • Two Post Office counters • Retail area with racking and shelving • Drinks display cabinet • Glass display counter • Post Office alarm