Post Offices for sale in Caernarfon

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Convenience Store & Post Office - Caernarfon

Caernarfon, Gwynedd, Wales

  • Leasehold Price: £125,000
  • Annual Turnover: £318,217
  • Annual Gross Profit: £65,809
  • Annual Net Profit: £45,085
Seller Reference: 7401
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Business Description
 
 
 
 
 
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Seller Reference: 7401
Request Details
Business Description
Prominent Trading Position
Accounts Available Year End 30th September 2019
Annual Turnover £318,217
Gross Profit £65,809
Post Office Salary £20,074
Low Rent Just £90 Per Week
Accounts Available After Viewing
Established 1989
Owner Operated
Retirement Sale
Alcohol Licence In Place
Free Parking
Potential To Expand Product Lines
Scope For Online & Social Media Presence
EPC - C
REF 7401 – Leasehold Convenience Store & Post Office

Blacks Brokers are pleased to bring to the market this leasehold convenience store & Post Office located in Caernarfon, Gwynedd.

INTRODUCTION

Sheena's Stores & Lon Y Bryn Post Office was established by our client in this busy residential area of Caernarfon in 1989. The business offers a range of convenience products (including alcohol) and Post Office services. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation.

LOCATION

The business occupies a prominent trading position within a residential area of the town. The area is densely populated and is a short distance from a busy town centre, sea front and many tourist attractions. There are also a number of Holiday Parks nearby including Glan Gwna. The area is well linked by the A487 with strong public transport links and free parking is available immediately outside.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease expires in 2034 and runs at a cost of only £90 per week. The lease is provided by Gwynedd Council.

STAFF

The business operates with our client in full time employment supported by two family members working on a part time basis.

FINANCIAL DETAILS

Sheena's Stores & Lon Y Bryn Post Office has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 30th September 2019 show annual turnover of £318,217, gross profit of £65,809 and Post Office Salary of £20,074. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This well known and long established business occupies an enviable trading position in a popular residential area of Caernarfon. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines, possibly a delivery service where appropriate and a social media and online presence. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Shelving

Racking

Drinks Fridge x 5

Slush Machine

Coffee Machine

Ice Cream Freezer

Deli Chiller Display Cabinet
Trading hours:
MON - SAT: 06:30 - 20:00
SUN: 09:00 - 20:00
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
The business operates from the ground floor of a spacious property on a busy road. The business has large branding and signage on display above a large, fully glazed frontage. Inside, the Post Office servery/counter is positioned to one side of the shop convenience store and counter to the other side, both areas have tiled flooring in place with wall shelving, display fridges and magazine/card stands. There are excellent storage and staff facilities to the rear including toilet facilities. All areas are well equipped and presented nicely.

Location Details:
Caernarfon
Leasehold Term:
£90 Per Week
Listed by:
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