Hilton Smythe is delighted to introduce to the market Colley Road Post Office and Convenience Store. Originally founded in 1965 the business has been successfully run and managed by our client’s a husband and wife team for over eleven years. The business is at the heart of this densely populated community and is very well supported by local residents.
We are advised that the takings of the Post Office and salary increase annually, with the current salary at a fantastic £48,000. The post office provides full DVLA services, a check and send passport service, Bureau de Change and almost all post office services from the 3 position serving counter.
Additional revenue is derived from the convenience store which sells groceries, stationery, cards, drinks, confectionery, frozen food and ices and has the benefit of income generated from full lottery sales and scratch cards. Additionally, there is an ATM machine on the outside wall.
Although clearly profitable, we believe the business does have potential for further development. Perhaps, by reorganisation of the internal space or extension of the premises at the side to increase the convenience store and sales area (subject to planning permission and building consent) would be beneficial. Additional sales items could be introduced such as cigarettes or alcohol to further turnover.
We believe this is an ideal purchase for perhaps a couple/family to continue this prosperous business which genuinely comes to the market as our clients look towards a well deserved retirement.
Colley Road Post Office and Convenience Store occupies a prominent position on a busy major road within a very large residential housing estate in the City of Sheffield in South Yorkshire.
The business is located in-between Barnsley to the north and the City of Sheffield to the south and is easily accessible from the M1 motorway and A61 arterial road.
The business benefits from street parking to the front.
A single detached brick built unit with car park at side for up to 4 cars and roadside parking in front.
A disabled ramp affords access.
Attractive well presented post office and convenience store. There are 2 picture windows and a central door leading into a very well maintained interior.
There are wall and 2 floor display units, modern units and shelving, display racks, a large drinks display cooler, an upright drinks fridge,a card rack, a cigarette display cupboard, an ice freezer and a double display frozen food unit.
The post office counter has 3 positions and a serving area behind with tills, safe and scales. There are secure and unsecured areas.
There is a secure stock room behind with shelving and units and also a small staff area. There is a toilet with handbasin.
We are advised that the building was extended in 2005.
We are advised leasehold.
Rent is £6,500 per annum.
The business opens:-
Monday and Tuesday 8.00am – 6.00pm
Wednesday 8.00am – 7.00pm
Thursday and Friday 8.00am – 6.00pm
Saturday 8.00am – 7.00pm
The business is owner run and managed with the assistance of 3 part time members of staff.
The post office salary is £48,000 per annum.
We are advised that turnover is £36,000 with gross profit at £10,000 per annum.
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