Post Offices for sale in Chester

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Mr & Mrs Campbell (Jan 2015)
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Leasehold Price: £149,950 Weekly Turnover: £20,000
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Business Description
SUB POST OFFICE in Chester for Sale.

Very busy Post Office which has been designated as a core mains office and which occupies a PRIME TRADING POSITION within Chester City Centre – this is a bustling city in its own right but also attracts many thousands of tourists throughout the year. This VERY PROFITABLE BUSINESS is achieving a very impressive Post Office Salary of £86,000 and benefits from very reasonable overheads, currently achieving Adjusted Net Profits of £55,089 prior to depreciation and motor expenses on accounts for year ended 31st May 2015 - Showing Adjusted Net Profits of £53,017 prior to depreciation on accounts for year ended 31st May 2016 - could very easily be substantially increased with addition of new lines to the private business as the sales floor is currently under-utilised by our client – taking £20,000 annually. The premises are held on lease and comprise: very smart, superbly fitted retail area with suspended ceiling, air conditioning and 2 position fortress counter in addition to the new style 2 position combi till counter, private office to the rear. The 2 bedroom flat is currently sub-let for £665 and comprises: First floor lounge and kitchen. The second floor offers 2 bedrooms and combined bathroom. EPC Band C.
Stock £2,000.
Tenure: Leasehold

Listed by: Ernest Wilson
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