Business for sale

Business description

Advent Business Sales is delighted to have
been instructed to offer to the market this
extremely well established freehold post
office and convenience store, with a first
floor apartment, which has been trading
successfully for over 40 years.
The current vendor has been in ownership for
almost 15 years and has only now
reluctantly decided to sell as she plans to
retire.
The post office has been guaranteed
continuance and is in the fortunate position
that it is monopolistic to the area.
The business is a traditional post office and
runs the convenience store along the usual
lines, selling news and magazines, greetings
cards and gift wrap, frozen foods, general
household goods and groceries, dairy
products, soft drinks, confectionery,
cigarettes and tobacco, stationery,
sandwiches and compost and seasonal
bedding plants.
The business also has a faxing and
photocopying facility, accepts paypoint with
a monthly turnover of circa £1500 and earns
a salary from the post office of
approximately £30,000 per annum.
The post office has been approved for the
lottery and are currently waiting to have the
terminal installed.
Our client works full time in the business
with the assistance of a full time employee
and 5 part timers who work for
approximately 60 hours per week in total.
We are advised that stock at cost is
approximately £8,000.
REF: 8904GL
TRADING HOURS
Mon-Fri: 6am – 6pm
Sat: 6am – 1pm
Sun: 7am – 1pm
EXPANSION POTENTIAL
Our client has been content with the profits
earned and has not made the most of the
excellent potential available in the business.
1. The shop could stay open later in the
evenings especially at the weekends
2. By having an alcohol licence trade
could be increased significantly
3. The shop could offer a newspaper
home delivery service, which would
bring extra customers into the shop
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
PO Salary: £30,000 p.a
Annual sales: £171,162
Gross Profit: £37,823 p.a.
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Ground Floor
• Side entry door with window cards
for sale display
• News and magazines racking, ice
cream freezer, good greeting cards
selection
• 2 single door chillers,
• 1.5 metre open chiller, central
gondola
• rear counter with till by a single
station post office
• rear office
• kitchen and w/c
• back exit to integral garage with a
chest freezer
First Floor;
Private first floor apartment briefly
comprising of:
• Lounge
• Kitchen
• Bathroom
• Two double bedrooms
• Conservatory
The apartment is fully double glazed and has
gas central heating. It is also alarmed
separately to the post office. It has its own
entrance..
The business has the added security of
having a Red Care alarm system and CCTV
with 3 cameras.
The business is offered on a freehold and a
leasehold basis.
TENURE: Freehold or
Leasehold
Advent Business Sales is delighted to have
been instructed to offer to the market this
extremely well established freehold post
office and convenience store, with a first
floor apartment, which has been trading
successfully for over 40 years.
The current vendor has been in ownership for
almost 15 years and has only now
reluctantly decided to sell as she plans to
retire.
The post office has been guaranteed
continuance and is in the fortunate position
that it is monopolistic to the area.
The business is a traditional post office and
runs the convenience store along the usual
lines, selling news and magazines, greetings
cards and gift wrap, frozen foods, general
household goods and groceries, dairy
products, soft drinks, confectionery,
cigarettes and tobacco, stationery,
sandwiches and compost and seasonal
bedding plants.
The business also has a faxing and
photocopying facility, accepts paypoint with
a monthly turnover of circa £1500 and earns
a salary from the post office of
approximately £30,000 per annum.
The post office has been approved for the
lottery and are currently waiting to have the
terminal installed.
Our client works full time in the business
with the assistance of a full time employee
and 5 part timers who work for
approximately 60 hours per week in total.
We are advised that stock at cost is
approximately £8,000.
REF: 8904GL
TRADING HOURS
Mon-Fri: 6am – 6pm
Sat: 6am – 1pm
Sun: 7am – 1pm
EXPANSION POTENTIAL
Our client has been content with the profits
earned and has not made the most of the
excellent potential available in the business.
1. The shop could stay open later in the
evenings especially at the weekends
2. By having an alcohol licence trade
could be increased significantly
3. The shop could offer a newspaper
home delivery service, which would
bring extra customers into the shop
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
PO Salary: £30,000 p.a
Annual sales: £171,162
Gross Profit: £37,823 p.a.
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Ground Floor
• Side entry door with window cards
for sale display
• News and magazines racking, ice
cream freezer, good greeting cards
selection
• 2 single door chillers,
• 1.5 metre open chiller, central
gondola
• rear counter with till by a single
station post office
• rear office
• kitchen and w/c
• back exit to integral garage with a
chest freezer
First Floor;
Private first floor apartment briefly
comprising of:
• Lounge
• Kitchen
• Bathroom
• Two double bedrooms
• Conservatory
The apartment is fully double glazed and has
gas central heating. It is also alarmed
separately to the post office. It has its own
entrance..
The business has the added security of
having a Red Care alarm system and CCTV
with 3 cameras.
The business is offered on a freehold and a
leasehold basis.
TENURE: Freehold or
Leasehold
Original lease: 15 years
Remaining lease: 15 years
Review every: 3 years
Rent: £20,000 per
annum excluding apartment.
We are advised that the annual business
rates are currently: £500
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.