Post Offices for sale in Coventry

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Well Used Post Office & General Stores

Coventry, West Midlands, England

  • Leasehold Price: £93,999  Price Reduced arrow_drop_down
  • Turnover: £170,000
  • Gross Profit: £29,189
Seller Reference: B04866
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: B04866
Request Details
Business Description
Business
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Stoney Stanton Post Office and General Stores which is a well-established business with a renowned reputation amongst local residents.

This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

There has been a similar type of business at these premises since the 1950’s and the current owners have run it successfully and lucratively for for the last 20 years during which time it has thrived and become an important part of the local community.

The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to pursue a change of direction.

The current owners are keen to see their beloved business passed to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

Considerable money (approximately £90,000) has been spent on this business and the rear of the store has recently been extended and refurbished with a view to installing a butchery counter to cater for demand in the area.

The business is extremely well stocked with a comprehensive range of products including;

• Newspapers and Magazines
• Tobacco and vaping products
• Confectionery
• Fruit and vegetables
• Fresh Meat
• Frozen Food
• Takeaway coffee
• Ice creams
• Greeting cards and gift bags
• General groceries
• Sandwiches and snacks
• Dairy products
• Soft drinks
• Crisps and snacks

Additionally, the business includes a busy Post Office counter with annual commissions of approximately £38,000 and offers the following services:

• Mail
• Drop & Go
• Parcel Force Express Services
• Foreign Currency-Euros only
• Current Account servicing
• Savings Application forms

Stoney Stanton has an impressive number of regular customers many of whom use the business on a daily basis and the business enjoys great visibility on the internet. The business has a weekly news bill of approximately £120.

Reasons to Buy

• A well-established business with an enviable reputation and many regular customers
• Low running costs with inexpensive rent and low business rates
• Little or no competition locally
• The rear of the store has been extended and refurbished and offers sub letting potential.
• Current owners happy to offer a handover to ensure the continued success
• Ideal owner managed or partnership business
• Priced to sell, business actually values higher but is being marketed at a price to facilitate a quick sale
• Beautifully presented and maintained and all fixtures and fittings included in sale making this a real turnkey opportunity
• Living accommodation may be available if required

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


Location
Stoney Stanton Post Office is located in Coventry in the West Midlands.

Historically part of Warwickshire, Coventry is the 9th largest city in England and the 12th largest in the United Kingdom. It is the second largest city in the West Midlands region, after Birmingham.

Coventry is 19 miles east-southeast of Birmingham, 24 miles southwest of Leicester, 11 miles north of Warwick and 95 miles northwest of London. Coventry is also the most central city in England, being only 11 miles south-southwest of the country’s geographical centre in Leicestershire. On 7 December 2017, the city won the title of UK City of Culture 2021, after beating Paisley, Stoke-On-Trent, Swansea and Sunderland to the title.

Coventry’s main industries include: cars, electronic equipment, machine tools, agricultural machinery, man made fibres, aerospace components and telecommunications equipment.

In recent years, the city has moved away from manufacturing industries towards business services, finance, research, design and development, creative industries as well as logistics and leisure.

Coventry is near the M6, M69, M45 and M40 motorways. It is served by the A45 and A46 dual carriageways. Coventry railway station is served by the West Coast Main Line with services provided by Virgin Trains, West Midland Trains and Cross Country.

Stoney Stanton Post Office is prominently situated in a main road position alongside other complimentary retail businesses in a mainly residential area and thus benefits from high levels of footfall and passing trade.

The business is nicely presented and maintained with clear visible signage. There is an external cash machine and a post box immediately outside the premises.

There is also free on street parking in the side streets surrounding the business.


Premises
Stoney Stanton Post Office occupies the ground floor of an inner terraced, period style property and briefly comprises:

Shop

• Generously proportioned (193.3 sqm) Shop
• Cleverly designed to maximise the space available
• Fixtures and fittings are all less than three years old
• Double fronted with windows
• Glazed double doors to front creating a light airy and inviting interior
• Wood effect vinyl flooring,
• Suspended ceiling with led lighting
• Air conditioning
• Open post office counter with 2 serving points
• Long counter with 2 Epos tills
• Generous wrapping area
• Cigarette gantry behind
• Perimeter shelving
• Two central shelving gondolas
• Long open dairy chillers
• Long open drinks chiller
• Greeting card racking
• Long run of crisps and snack racking
• Wall hanging space for bagged items
• Glass fronted food freezer
• 2 long glass topped food freezers
• 3 further shelving gondolas
• Nescafé coffee machine
• Range of dump bins for special offers and bilk buys
• Fruit and vegetables section

Stockroom

To the rear of the shop is a very large stockroom which was originally part of the shop and is being refurbished to extend the store and perhaps incorporate a butchery counter etc.

This part of the shop has had the flat roof recently repacked at considerable cost to the owners.

There is a door to a secure yard / bin store

Side Store

There is a further useful storage area with also includes a staff toilets with hand wash basin.


Tenure
We are advised that the business is being sold as a Leasehold business opportunity.

The current owners own the Freehold of the premises and are happy to offer a mutually acceptable lease to a new owner. An annual rent of £18,000 is proposed.

There may also be the possibility of owners accommodation at additional cost if required.

We are advised the business rates payable are approximately £2600 per annum.


Hours
Monday to Saturday 8.00 am – 8.00 pm
Sunday 9.00 am – 5.00 pm


Staff
The business is run and managed by our clients with the help of 4 part time members of staff.

Financial Profile
Stoney Stanton Post Office generates an advised current turnover of circa £222,000 through the shop and Post Office Commissions Of approximately £38,000 Per Annum.

The business is currently being run at a pace to suit, an experienced operator would expect to see turnover and profits increase significantly.

The business really does offer considerable potential.


Tenure:
Leasehold
Listed by:
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