Convenience Store Newsagents Off Licence With Sub Post Office For Sale

Business description

NO PARKING RESTRICTIONS

SPACIOUS SALES SHOP probably in the region of 750/800 sq. ft. sales area with tiled floor and well equipped including counter, 1 till with EPOS scanning system, 2 greeting card display stands with drawers, centre display gondola, modern shelving, 1 large glass topped chest deep freeze, large approximately 6m open cool display unit, 1 upright glass fronted drinks display fridge (owned), ice cream deep freeze. Post Office counter with anti-bandit screen (1 position plus parcel hatch).

Rear stockroom with metal racking, upright glass fronted storage fridge, sink and drainer
Staff w.c.

IN OUR OPINION THERE IS POTENTIAL TO EXTEND THE SHOP, IF DESIRED, SUBJECT TO THE NECESSARY PLANNING PERMISSION.

Property information

Property:

Freehold

Lease terms:

Uniform Business Rates: Nil payable after full relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 4 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

EPC Rating: D (99)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Sought after village approximately, BERKSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £1,000 p.w. Post Office salary £32,000 p.a. approx. (including revenue from the sale of on line national lottery tickets plus scratch cards). We are further advised that the sales year ending 28th February, 2011 showed £312,241 with an overall gross profit of £89,504 (including post office salary of £30,704).

Reasons for selling:

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £295,000 plus STOCK AT VALUATION (£25,000/£30,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 6.30 a.m. - 6 p.m.
Saturday opening - 7 a.m. - 6 p.m.
Sunday opening - 8 a.m. - 1 p.m.

Employees:

The business is at present operated by the vendor in respect of the Sub Post Office section with the assistance of 2 full time staff in respect of the retail shop plus 3 casual junior staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance

Post office salary:

£32,000 per annum