Business for sale

Business description

Location This business is located in Gloucestershire.

We are informed the turnover averages £11,000 p.w. in our opinion offering tremendous potential to increase, especially with additional opening hours. Wholesale newsbill £2,000 p.w. Gross profit 19.5% approx. Post Office salary £25,000 p.a. approx. (including lottery commission of approx. £4,000 p.a).

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £140,000 plus STOCK AT VALUATION (£40,000 approx. can be reduced).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features No parking restrictions.

Spacious single fronted Sales Shop approx. 1,000 sq. ft. sales area, all newly fitted at considerable expense last year. Automatic Door. Air conditioned. Ceramic tiled floor, suspended ceiling with fluorescent lighting. The equipment includes counter, EPOS scanning system with 2 tills plus back-up computer, 2 upright double door drinks display fridges, 1 upright single door drinks display fridge, 3 glass topped chest deep freezes, 1 upright glass fronted display deep freeze, 1 2.5 metre (approx) dairy unit, 1 2 metre (approx) dairy unit, 2 ice cream deep freezes (including 1 on loan), in-store bakery, electronic scales, new adjustable shelving, 2 revolving card stands (on loan), 1 double sided greeting card display stand. Post Office Counter with anti-bandit screen (2 positions). CCTV system including 9 cameras (2 outside), 2 monitors plus video. Burglar alarm system (on an agreement).

Stockroom with shelving
Office
Staff cloakroom with w.c. and wash hand basin plus kitchen area

Staff The business is at present operated by a husband and wife team with the assistance of 1 full time plus 3 part time staff plus additional casual staff at weekends. 5 morning newsrounds. 5 evening newsrounds. 3 Sunday newrounds. Delivery charg £1.75 p.w.

Opening Hours Monday - Saturday inclusive - 6 a.m. - 7.30 p.m.
Closing 1 p.m. - 2 p.m. for lunch
Sunday opening - 6 a.m. - 2 p.m.

It should be noted that the sub post office section closes 1 p.m. - 2 p.m. for lunch plus halfday Wednesday closing at 1 p.m. and halfday Saturday closing at 12.30 p.m.

Accommodation The accommodation, all modernized, FULLY DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:

3 bedrooms (2 doubles both with fitted wardrobes, 1 single)
Bathroom with bath, w.c. and wash hand basin
Separate w.c.
Large lounge with laminated wood floor, gas coal effect fire
Fully fitted kitchen with ceramic tiled floor

In additon, there is a large attic (ideal as a children's playroom, study or children's bedroom)

Outside 3 Garages rented at £53 per quarter each, 1 of which is at present used for storage.

Tenure The vendors own the freehold and subject to satisfactory references are prepared to grant a new 21 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £1,700 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED


Reference : G4803