Post Offices for sale in Saltburn-by-the-Sea

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Ian McGregor (Nov 2013)
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Weekly Turnover: £300
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Business Description
SUB POST OFFICE, CARDS, STATIONERY & FANCY GOODS & MOTOR VEHICLE LICENSING OFFICE Cleveland.

POST OFFICE REMUNERATION £9,500-£10,700 PER ANNUM. RETAIL SALES £300 PER WEEK.

An opportunity to acquire a delightful business and freehold property situated in a LOVELY SETTING in this semi rural area yet bustling North Yorkshire township offering a very profitable business plus stunning 3 bed accommodation. Same ownership for the past 24 years - our clients are now retiring. INSPECTION HERE IS ESSENTIAL. Comprising spacious Georgian sales shop with greeting cards department and excellent modern 3 position Post Office counter. RARELY DO BUSINESSES OF THIS CALIBRE REACH THE OPEN MARKET - HIGHLY RECOMMENDED. Showing Net Profits of £29,593 on accounts for year ended 31st August 2013. The Sub Post Office will be offered on a "Local" Post Office Contract with Post Office remuneration currently projected by the Post Office at £9,500-£10,700 per annum, in addition the Post office will invest, subject to contract, up to £10,000 to convert this Sub Post Office into a modern one position Post Office Local with new modern signage. This will involve inserting a "combi-till", a combined open plan Post office and Retail counter, allowing both tills to be operated by one person, perhaps the majority of the opening hours. This will enable Post Office services to be available over extended hours rather than just the current Post Office core hours of 9.00am - 5.30pm should a buyer wish to extend the current opening hours. This increase in accessibility to Post Office services can be expected to increase the remuneration from that projected. Application is made to the Post Office in due course for the Post Office contract. The Post Office would have an expectation that an applicant can build a significant retail business alongside the Post Office Local offering by both maximising the retail space, more of which would be available after conversion to a Post Office Local, and by introducing additional products typically expected in a village convenience, confectionary, tobacco and news business or by utilising the space for any other complementary business (for example a Hardware Store or Café - subject to planning consents). Please note the asking price does not include any payment for the Sub Post Office contract, as no goodwill payment is payable for this Sub Post Office contract appointment.
Stock approx £5,000/£6,000. EPC Rating D.
Listed by: Ernest Wilson
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