Post Offices for sale in Evesham

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 We found a buyer within the first week of advertising with you. 

Mrs Herbert (Nov 2017)
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Leasehold Price: £129,999 Sale Agreed Turnover: £343,503 Gross Profit: £134,602
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Business Description
Business
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Salford Priors Post Office & Stores, which is a well-established business with a renowned reputation amongst local residents.

This is a superb opportunity to take on a popular and well used Post Office and Stores in a mainly residential area teeming with customers.

There has been a village Stores and Post Office at this site since the 1960’s.

The current owners have run the business successfully and lucratively for the last 18 years and are now selling, albeit reluctantly and with a heavy heart only due to their wish to enjoy a well-earned retirement and to move to the coast.

Salford Priors Post Office & Stores is the only shop in the village and thus benefits from an impressive number of regular customers, many of whom use the business on a daily basis and are known on a first name basis by the current owners who are popular and well-respected members of the local community.

The business can truly be said to be at the heart of the village.

The business is well stocked and sells a comprehensive range of products including;

• Newspapers and Magazines
• Tobacco products
• Confectionery
• Crisps and snacks
• Dairy products
• General groceries
• Bread and cakes
• Ice cream
• Frozen food
• Beers, wines and spirits
• Soft drinks

Additionally, the business has a Lotto terminal with average takings of approximately £1200 per week.

The business has a particularly impressive news bill of over £2000 per week which is reputed to be the 2nd largest in the county and offers a number of news rounds deliveries to local villages including Sedgeberrow, Dumbleton, Harvington and The Lenches to name just a few.

The Post Office offers the following services;

• Drop and Go
• Foreign Currency (Euros only)
• National Express tickets
• Current Account servicing
• Savings application forms

Salford Priors Post Office & Stores enjoys good visibility on the internet.

Reasons to Buy:

• A well-established business with an enviable reputation and many regular customers
• Prime trading position at the heart of the village
• Little or no competition locally
• Low running costs with inexpensive rent and no business rates
• Ideal owner managed or partnership business
• A real lifestyle business offering the opportunity to live and work in the beautiful Warwickshire countryside.
• Includes lovely living accommodation
• Possible subletting possibility from the flat above with a potential rental income of £550-£650 per month
• Current owners happy to offer a handover to ensure the continued success.

Hilton Smythe highly advise early viewing to avoid disappointment. This lovely little business is likely to attract considerable interest.

Location
Salford Priors Post Office & Stores is located in Salford Priors in Warwickshire.

Salford Priors is a rural, agricultural village and civil parish about four miles south-west of Alcester Warwickshire.

The population of the civil parish as taken at the 2011 census was 1546. It is on the Warwickshire border with Worcestershire.

The village is eight miles from the popular tourist town of Stratford upon Avon, the birthplace of William Shakespeare and the river Avon runs near to it. Evesham lies seven miles to the south-west and is an important agricultural centre and soft fruit growing area.

The village has a number of areas designated as conservation areas. The village is popular with tourists and photographers especially in the summer when it is full of flowers paid for by Salford Priors Parish Council.

The village also recently won Warwickshire Village of the Year, for its services and beauty.

Salford Priors Post Office & Stores is ideally situated in a stand-alone position at the centre of the business and is presented and maintained to a high standard.

The business has clear visible signage and there is free parking to the front and side of the premises along with free off-street parking in the surrounding roads.

Premises
Salford Priors Post Office & Stores occupies an end terraced brick-built building over two floors and briefly comprises;

Ground Floor

Shop
• Windows to front and glazed door to side creating a light airy and inviting interior which has been cleverly designed to maximise the space available
• Suspended ceiling with concealed LED lighting
• Wood effect flooring
• Perimeter shelving
• Two central shelving gondolas
• Bespoke counter with till and Lotto terminal and generous wrapping area
• Cigarette gantry and spirit shelving behind
• Two glass topped food freezers
• Glass fronted drinks chiller
• Newspaper and magazine racking
• Greeting card display
• Double glass fronted drinks chiller
• Remote Air Conditioning/Heating

Post office counter
With door to:

Office / Kitchen
• Perimeter shelving
• Window to side with security grill
• Sentry safe
• Stainless steel sink and drainer with double cupboard beneath.

Staff Washroom
• Close coupled toilet, window to side, hand wash basin with Santon Aquarius water heater

Store Room
• To the rear of the shop is a brick built, detached store Room
• Generously proportioned with Dexion type perimeter shelving
• Floor storage space
• Two chest freezers
• Window to side and fluorescent lighting.

Walk in Store
• There is a further, useful walk in Store.

First Floor
• A particular feature of this business is the well-presented living accommodation above which is accessed by a separate entrance which includes an unusually spacious, under stairs cupboard on the ground floor and stairs to the first floor.

Lounge
• A lovely bright room
• UPVC window to side
• Feature brick fireplace

Kitchen
• Generous kitchen with feature glass wall to lounge which further enhances the feeling of space
• Wood effect flooring
• Range of modern base and wall units in a light Oak effect with complimentary worktop
• 1 ½ bowl sink and drainer and Monobloc tap
• Space for cooker
• Useful larder cupboard.

Family Bathroom
• Window to rear, white three-piece sanitaryware, wood effect flooring and tiling to dado height.

Landing
• Good sized landing with airing cupboard and access to roof space (potential to extend)

Bedroom 1
• Good sized double with window to front

Bedroom 2
• A further good-sized double with window to front and built in wardrobes.

Tenure
We are advised that Salford Priors Post Office & Stores is being sold as a leasehold business opportunity.

The existing Lease is arranged on a rolling basis and the rent is an extremely reasonable £11,820 per annum especially given the lovely living accommodation.

We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The business benefits from being exempt from business rates.

Hours
Monday to Friday 7.00 am – 6.00 pm
Saturday 8.00 am – 6.00 pm
Sunday 9.00 am – 12.00 pm

Staff
The business is run and managed by our clients with the help of three part time members of staff.

There are also two part time Newsround drivers.

Financial Profile
Salford Priors Post Office & Store generated an advised turnover of circa £344,000 as per the 2017 accounts.

We are advised Post Office Salary is £21,000 per annum

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04528
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