Business for sale

Business description

THE BUSINESS
Advent Business Sales have been instructed
to offer for sale this well established
business with excellent further potential.
Established well over 50 years ago and
under current ownership since 1995, it has
now been reluctantly offered for sale due to
retirement plans.
The business has strong sales from a range of
goods including:
• Newspapers and magazines
• Cigarettes
• Confectionery
• Greetings cards
• Small range of convenience goods
• Cash point machine
Our client has built up healthy newspaper
delivery rounds which include 12 ‘am’
rounds, 10 ‘pm’ rounds and 12 Sunday
rounds.
The post office has received written
confirmation that it will remain open.
Sales have remained within the same region
for the past few years, although room for
increase is clearly evident.
The post office offers a wide range of
services and is a central focal point for the
community.
The premises boast a three bed room family
accommodation, which is currently being
rented out, which returns a good rental
income.
The business is currently staffed by a
husband and wife team as well as other
family members on a full time basis. In
addition they employ a part time person to
cover busy periods.
REF: 8924B
TRADING HOURS
Mon-Fri: 6am – 6.30pm
Sat: 6am – 6pm
Sun: 6am – 1pm
EXPANSION POTENTIAL
This established business offers excellent
potential for growth including extending the
opening hours and increasing stock lines.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £375,000
Gross Profit: 20%
Post Office Salary: £37,900
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
A mid parade premise with added security of
a red care alarm system, CCTV and consists
of the following:
Ground Floor
• Main sales area with point of sale
counter to the front
• Cigarette gantry
• Range of fridge’s and freezers
• Shelving and racking throughout
• 2 x modern post office counter to
the rear
• Stockroom
• Kitchen
• W/c
• Separate external entrance for the
first floor living accommodation
First Floor
1 family bedroom
• Lounge/Bedroom
• Fitted kitchen
• Family bathroom
• 1 large double bedroom in the loft
space.
External
• Garden to rear with private parking
• Ample parking to the front of
premises
• Garage in block to rear
TENURE: Freehold
We are advised that the annual business
rates are currently: £1150