Hilton Smythe is delighted to introduce to the market Murton Station Post Office. The business was established in the 1960’s with our client successfully running the business since inception some 16 years ago.
The business is very well supported by the local community benefiting from a monopoly trading position with unopposed competition in the area. Murton Station Post Office generates a very healthy turnover of £182,000 per annum with a gross profit of 25%, in addition to a post office salary of £13,000 per annum.
We are advised that there is a post office stipulation in situ for the post office to be changed to a post office local after 3 months of sale which can only benefit the business. Additional revenue is derived from general convenience items.
We believe the business has potential for future growth. In particular, there is a lower level storage area, which we believe could be converted (subject to planning) to create additional retail space to allow for further stock lines to be introduced. Conveniently, there is a single storey garage included in the sale which could hold additional stock.
A new owner could also introduce newspaper deliveries and Lotto sales to boost revenue.
We highly recommend early viewing of this long established and well supported business, which comes to the market as our client looks forward to a well-deserved retirement.
The business is located in the village of Murton, County Durham.
Murton Station Post Office is at the heart of the community, within a large housing estate from which the business derives much of its trade. The business benefits from free street parking in the vicinity and a bus stop within walking distance.
The business is located just off the B1285 a busy commuter road connecting to the A690 leading to Durham city centre around 6 miles away and Sunderland 7 miles away.
Well-presented and signed, detached double fronted premise briefly comprising:-
Main shop entrance into retail area with post office counter to the left and shop central and to the right
Through to kitchen area with toilet and small store room
Access to large store area 4 steps down from ground floor with rear access for deliveries
Fully equipped retail shop with all fixtures and fittings included, large cold display, fridge, freezer, ,meat slicer and general shelving
The business benefits from CCTV, alarm and shutters.
We are advised freehold.
The business opens:-
Monday to Saturday 9.00am – 8.00pm
Sunday 10.00am – 1.00pm and 3.00pm – 6.00pm
The business is owner run and managed with the assistance of 4 part time members of staff.
The business reports a healthy turnover of £182,000 per annum with a gross profit of 25% in addition to a post office salary of £13,000 per annum.
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