Post Offices for sale in Rotherham

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I can honestly say I was overwhelmed by the amount of interest and enquires.

Jo White (April 2016)
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Leasehold Price: £120,000 Turnover: £436,800
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Business Description
BUSINESS
  

Hilton Smythe welcomes to the market The Post Office, Far Lane, Rotherham.

This long established business has been run by the same family for over 17 years becoming a hot spot for local trade servicing the surrounding community and beyond.  Providing postal services and a well-stocked convenience store.

The post office receives a commission for services rendered and has remained very busy throughout the current vendors stewardship.

The shop stocks food and provisions to include all the local household staples and much more including newspapers and magazines a large range of frozen foods, an extensive wine and alcohol section, tobacco and a well-stocked range of confectionary, crisps and ice cream.  The business is laid out in a traditional row format with fridges and display counters situated around the perimeter of the site.

The site also has a lottery machine and parcel collection service.

The business offers the opportunity for a new operator to extend and diverse the food and provisions offering further product lines.  Creating a more active web and online footprint as well as introducing local deliveries for the large residential population surrounding the site.

LOCATION
The business is located in the large town of Rotherham, South Yorkshire.

The post office and convenience store is surrounded by residential dwellings and is well supported by the local community.

Easily accessible by the main routes in and out of the town.  The site has the benefit of on street parking to the front of the building as well as along Far Lane.

The local bus stop is conveniently situated to the front of the business.

PREMISES
Well-presented detached premise, circa 320sq m, large display windows and good signage for the store under the nationally recognised “Costcutter” brand.

Ground floor mini supermarket with separate storage and WC.  All refrigeration units and internal shelving and display counters set out in a traditional supermarket row format.  Wall shelving and display units, stand alone chilled drinks fridges and frozen food storage and display units. Magazine racks paper display stands and confectionary racking.

Main service and post office counter to the front of the site.

The premises enjoys the benefit of a busy bus stop to the front of the site, post box and extensive on street parking stretching the length of Far Lane.

There is also the opportunity for the new operator to live on site as the current vendors own the freehold which contains 1x 2bedroom flat and 3x 1 bedroom flats.  (Available by separate negotiation).

TENURE
We are advised the business is being offered on a new leasehold basis with the asking rent to be in the region of £12,000 per annum.

Our clients would also consider a Freehold purchase option on the site.

There are currently no rates payable on the business.

HOURS
The opening hours are currently 7am to 8pm seven days a week.

STAFF
The business is run and managed by the current vendors with the assistance of 3 x part time staff.

FINANCIAL PROFILE
We are advised the business is currently turning over in the region of £442,000 per annum

There are no rates payable on the business.

Post office salary/commission is £33k per annum.



Tenure: Leasehold

Listed by: Hilton Smythe
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