Newsagents for sale in Stockton-On-Tees

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Leasehold Post Office with Accommodation in Durham

Stockton-On-Tees, Durham, England

  • Leasehold Price: £99,950
  • Annual Turnover: £254,662
  • Annual Gross Profit: £222,839
  • Annual Net Profit: £13,971
Seller Reference: 5082
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Business Description
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Seller Reference: 5082
Request Details
Business Description
**Year End Accounts 31st March 2019**
Annual Turnover £254,662 GP 15%
Gross Profit £222,839 (Year End 31/03/2019)
Post Office Commission £70,229
Accounts Available After Viewing
Lease Includes 2 Bed Accommodation
Annual Rental Income From Flat £5,400
Exceptional Trading Location

Blacks Brokers are delighted to bring to the market this long established, highly profitable Post Office and newsagents business in Stockton-On-Tees.

Rimswell Newsagents and Post Office has been trading for more than 30 years and our client has been in ownership since 2008. The business is very much part of the local community and has a very large customer base of local residents, business owners and employees in addition to passers-by and shoppers. Offered for sale now in order for our client to pursue other business interests, we have this exceptional opportunity for a new owner to take on this busy and well known business.

This large, glass fronted shop unit is located within Rimswell Parade, this is a busy and popular shopping parade which consists of other businesses and benefits from free off road parking for up to 27 cars. The shop had a major refit in 2014 and is branded with the usual Post Office signage. There is a main retail area, stocked well with newsagent products including cards, gifts, wrapping etc. To the rear of the shop is the Post Office area, with 3 counters. All areas are well presented with wooden flooring and modern lighting.

On the first floor of the building is a large, 2 bedroom accommodation. This is included in the lease and currently brings an additional £5,400 annually on a sub-let basis. The flat comprises of two double bedrooms, a kitchen/diner, lounge and bathroom.

This business is an ideal opportunity for a new buyer to take on this busy Post Office and Newsagents with a Post Office **Year End Accounts 31st March 2019**, Annual Turnover £254,662 GP 15%, Gross Profit £222,839 (Year End 31/03/2019), Post Office Commission £70,2297, Gross Profits with 15% margin. We feel this proposition would suit a hands on owner/operator with enough time to dedicate to this business and to drive it forward even more. Viewings are essential, call our sales team now on 0161 763 5000 to book an appointment as no one is to contact the business directly.

This business is owner run and managed with the assistance of 6 part time staff members.

2 Upright Chiller Units

EPOS System

3 Post Office Terminals

Gondola Shelving Units

Trading hours:
MON: 06:30 - 17:30
TUE: 06:30 - 17:30
WED: 06:30 - 19:30
THU: 06:30 - 17:30
FRI: 06:30 - 17:30
SAT: 06:30 - 19:30
SUN: 06:30 - 12:00
Is accommodation included?:
Main Retail Area
Open Plan counter: can be used from 06:30 onward
Post Office Area With 3 Counters
Main Retail Area
Open Plan counter: can be used from 06:30 onward
Post Office Area With 3 Counters
Location Details:
Leasehold Term:
£264 Per Week
Downloadable Documents:
Listed by:
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