Post Offices for sale in Taunton

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Colin Morley (October 2016)
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Leasehold Price: £59,000 Price Reduced Annual Turnover: £67,600
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Business Description
• Excellent sub post office with added sales from stationery products and greetings cards
• P.O. commission in excess 60K, EBITDA excess of 30K
• Small shopping centre location serving a large area
• Sale to include all fixtures and fittings and assets with scope to expand

Commission only high ranking sub post office based on the outskirts of a major town in Somerset. Post office commission in excess of 60k annum, Total turnover in excess of 80k EBITDA in excess of 30k. Very profitable, good low rental easy in/out Lease. Ref 44055

This is a perfect opportunity to purchase an extremely profitable, lock up sub post office located close to Taunton Town Centre. Located in Priorswood, TA2, Priorswood Post Office is a dedicated post office who supply all aspects of postal services including car tax, passport check and send service, currencies and a whole host of stationery and card services with year round trade and a low annual rental.

Located in the Priorswood Shopping Centre, 5 minutes’ drive from Taunton Town Centre, the post office serves the local community, and some major large employers in the area. It is situated close to the main car dealers in Taunton, which has a high population and excellent school ratings. This represents an ideal opportunity for either an experienced postmaster or an entry level candidate.

Priorswood Post Office is privately owned and is only offered for sale due to retirement of the vendors. Current turnover totals £78,000 of which just over £65,000 is post office commission, the remaining being obtained by sales of its other goods. The post office generates a very healthy profit of some £30,000+ and is a local authority, easy in easy out lease.

The business boasts additional services such as currency and travel insurance, greeting cards, staionery, wool, haberdashery and other paper associated products that one would find in a major high street post office. The post office is an agent for the National Lottery. It is also a higher prize payout office.

The current vendors purchased the business 10 years ago and in 2014 underwent total refurbishment. The post office now offers 4 serving positions, 2 of which are fortress. The site has been known as a post office for over 24 years. The site has ample parking in the shopping centre and easy access for disabled people.

The post office offers a whole host of counter services including vehicle tax, travel services including insurances and currency services, passport checking service and Parcelforce. The

Summary. Priorswood Post Office represents an ideal opportunity for a seasoned business owner to acquire a business in a unique position with exceptionally low rent and offering excellent scope to develop further, it can also be considered as an excellent, profitable starter or first time business.
The business represents an ideal lifestyle and demand is expected to be high, therefore early viewing is a must.
Tenure: Leasehold

Listed by: Kings Business Transfer
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