Established Post Office - Lyme Regis

High Street Trading Position
Accounts Available Year End 31st March 2020
Annual Shop Turnover £76,759
Turnover Includes Post Office Salary Of £41,045
Accounts Available After Viewing
New Lease To Be Negotiated
Long Established
Retirement Sale
CCTV Fitted Throughout
Fully Equipped
Well Presented
Potential For Newspaper Sales
Scope To Add Product Lines
EPC - E
REF 7319 – Leasehold Post Office

Blacks Brokers are pleased to bring to the market this leasehold Post Office located in Lyme Regis.

INTRODUCTION

Lyme Regis Post Office was established in this affluent area of Lyme Regis in 2015. The business offers full Post Office services as well as stationary sales. It is 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. At present, the business does not have a website or social media presence.

LOCATION

Lyme Regis Post Office occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as The Co-op and Tesco. There are also a number of tourist attractions nearby including Langmoor and Lister Gardens and Dinosaurland Fossil Museum. The area is well linked by the A35 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement wishes, 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 new lease will be fully negotiated with our client, this will run at a cost of £300 per week. The upper floors of this large property are privately let residential flats.

BUILDING LAYOUT AND DESIGN

Lyme Regis Post Office operates from the ground floor of a spacious and impressive mid terraced property on a busy road. The business has large branding and signage on display above the main entrance and frontage. Inside, the main entrance, lobby leads into the modern and airy retail space which is fitted with shelving, central gondolas and racking. To the left hand side is the main post office section with two post office counters with a managers private office. To the rear of the building are staff toilet facilities and a staff room. All areas are well equipped and presented nicely.

STAFF

The business operates with three members of part time staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Lyme Regis Post Office has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st March 2020 shows that the business has an annual turnover of £35,955 and Post Office salary of £41,045. Full financial information is available upon request.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This popular and long established business occupies an enviable trading position in a bustling central area of Lyme Regis. 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 and longer opening hours, possibly a collection and drop off service where appropriate especially to support local people during the current global crisis. 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

Epos Till System

CCTV System

Alarm System

Card Racking