Post Offices for sale in Bargoed

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Adam Warren (Jan 2017)
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Freehold Price: £149,995 Turnover: £75,000
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Business Description
Business
Hilton Smythe welcomes to the market this very well-established Main Post office, Newsagents and General Store.

They have a diverse range of products to include, newspapers, sweets and groceries, national lottery, greeting cards, stationary, together with sundry items to include cash machine and photo machine.

The post office is very busy, offering tremendous opportunity, with the nearest competition being in Blackwood which is around 3 miles away.

We believe that the current shop takings are around £500/£800 per week which used to be far more, however the owner is running the stock down due to impending retirement, together with earnings from the post office of around £52,000 annually.

Presently they are taking approx. £400 pw for newspapers, £200 pw for stationary, £100 for cards, £90 per calendar month for the photo booth and around £300 per month for the cash machine.

There is tremendous potential for taking the shop to the next level with a wider range of products to include alcohol, longer hours and more advertising.

There is an extensive inventory of fixtures and fittings to include large drinks fridge, shelving and racking, serving counter and till. An internal inspection is very highly recommended to appreciate the real potential on offer.

The shop itself has been run by the current owner for 18 years now and he is looking towards a very well-earned retirement.

Location
Bargoed Post Office is situated in Bargoed, a busy town with lots of footfall. Bargoed is a town in the Rhymney Valley, Wales, one of the South Wales Valleys. It lies on the Rhymney River in the county borough of Caerphilly.

As defined by the local authority Caerphilly County Borough Council, consists of the towns of Bargoed, Aberbargoed and the village of Gilfach. The combined population of these settlements is approximately 13,000. Good access is gained to all surrounding areas via the A470, A465 and M4.

Premises
These are easily managed, but good-sized premises covering approx. 118 sqm, with main shop area including 1 secure enclosed post office area and 2 open post office areas, stock room, kitchen, WC and further storage to the first floor.

The business has equipment to include, serving counter and till, drinks fridge, various shelving and racking, food fridge, ice cream fridge, CCTV (monitor needs repair) and much more. The shop also has a post office alarm system, part gas central heating, AC unit and fan.

An internal inspection is very highly recommended to appreciate this very well priced prime opportunity.

Tenure
We are advised that the business is being sold as a Freehold opportunity.

Hours
The business opens:
Monday to Friday 7:30 a.m. to 5.30 p.m.
Saturday 8:00 a.m. to 1.00 p.m.
Sunday closed

Staff
The business is currently run by the owner and 2 other full-time members of Post Office staff.

Financial Profile
We believe from the owner that the shop currently turns over around £25,000 per annum, plus around £52,000 per annum for the post office.

The shop figures are currently low because the owner is running the stock down due to impending retirement. This figure could easily be substantially increased with the new owner.

According to the VOA website the current rateable value is £6,900. However, they presently benefit from small business rate relief so have no rates to pay.

Tenure: Freehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04272
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