Prominent Village Location
Accounts Available Year End 28th February 2020
Annual Turnover £8,952
Post Office Salary £24,600
Accounts Available After Viewing
Long Trading History
Retirement Sale
4 Bedroom Accommodation
Well Presented
Fully Equipped
Scope To Expand Product Range
Potential For Longer Opening
Scope To Introduce Convenience Products
EPC - D
REF 7343 – Freehold Post Office With AccommodationBlacks Brokers are pleased to bring to the market this freehold Post Office with accommodation located in Cwmcarn, Newport.
INTRODUCTIONCwmcarn Post Office was established over 100 years ago in this well populated area of Newport. Our client has been in ownership since 1988. With such an impressive trading history, the business 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 and superb reviews are noted on Google.
LOCATION
Cwmcarn Post Office occupies a high trading position within the centre of the village. The area is densely populated residentially but there are also a number of other local amenities nearby including a primary school, takeaways, independent retailers and much more. The area is well linked by the M4 with very strong public transport links and parking is available in the immediate 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.
STAFF
The business operates with our client and spouse only in full time employment.
FINANCIAL DETAILS
Cwmcarn Post Office has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £8,952 with Post Office salary of £24,600. 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 reliable and long established business occupies an enviable trading position in a residential area of Cwmcarn. 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. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. It may also be of great interest to an investor looking to let the accommodation and business either together or separately. Early viewings are strongly advised. Fixtures:
Shelving
Racking
Till
Trading hours:
MON - FRI: 08:30 - 17:30
SAT: 08:30 - 12:30
SUN: CLOSED
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Cwmcarn Post Office operates from the ground floor of a spacious mid terraced property on a busy road. The business has large branding and signage on display above a fully glazed frontage. Inside, there are three counters enclosed within a secure area which is positioned to the rear of the large retail space. The storage room is to the rear of this. All areas are well equipped and presented nicely.
The first floor accommodation comprises of four bedrooms, lounge and kitchen. There is also a laundry area and toilet facilities within the basement of the property.
Location Details:
Newport
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