Freehold Post Office And Hardware Store Hampshire For Sale

Business description

The particular highlights of the business are:
- The property offers a good investment opportunity.
- Ideally located concern offering excellent lifestyle.
- A business established since 1900.
- Good loyal clientele.
- The premises are very spacious and there is a good opportunity to consider alternative uses.
- Turnover in excess of £104,000 and a post office salary of £14,000 with a net profit of £16,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner wishes to retire.
- An easily run operation.
- A good first time buyers business.

History
Phoenix Business Transfer Agents are delighted to place onto the market this freehold post office and hardware store which has been established since 1900. The business has been in the hands of the current owner since 1964 and he now wishes to sell due to retirement.

Services
This very good business opportunity provides a post office service and a very specialist hardware store with a huge amount of stock.

Staffing
The business is operated by family members.

Owners Role
The owners’ role is full time and he and his wife operate the business along with their son.

Marketing
The owner markets the business in local papers and using leaflet drops locally and does not have a website.

Competition
As far as competition is concerned there is no other business of this type for a radius of 5 miles

Market
The client base consists of locals, regulars and passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Seriously consider alternative uses for the shop.
• Increasing the post office product line and therefore increase the salary received.
• A younger and more energetic owner will produce more profits. The owner is 75 Years old.
• With the introduction of a website and e-commerce.
• With an enhanced website.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Financial Details
The present turnover is £104,000 per annum with a gross profit of 40% and a net profit of £16,000. The post office salary is £14,000. The wages are £0. The present value of the stock is £100,000 and the fixtures fittings and equipment are worth £25,000.
In 2007, the turnover was £150,000. The potential turnover of the business within the next 2 years is forecast to reach £200,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Freehold

Living accommodation:

The main residence has a dining area, a kitchen, and a lounge and access to the shop. On the first floor there is a bathroom and four double bedrooms.

Location:

-Located in Medstead which is a large village in Hampshire
- Many clients from all the surrounding area including Alton and Alresford
- Free parking directly outside premises.
- On the main High Street through the village
- Area offers excellent lifestyle opportunity

Premises details:

Property Details
The property is on a corner plot. It is 80 ft x 40ft. There are 4 aisles and post office counter to the rear. The shop is very spacious and has a prominent location. There is a tended garden to the rear with a further plot of land big enough to house a bungalow valued at £150,000.
The main residence has a dining area, a kitchen, and a lounge and access to the shop.
On the first floor there is a bathroom and four double bedrooms.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £25,000.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Seriously consider alternative uses for the shop.
• Increasing the post office product line and therefore increase the salary received.
• A younger and more energetic owner will produce more profits. The owner is 75 Years old.
• With the introduction of a website and e-commerce.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there is no other business of this type for a radius of 5 miles

Reasons for selling:

The business has been in the hands of the current owner since 1964 and he now wishes to sell due to retirement.

Trading hours:

Monday to Friday: 08.30am to 5.30pm
Saturday: 0830am to 4.30pm
Sunday: 10am to 1pm

Employees:

The owners’ role is full time and he and his wife operate the business along with their son

Years established:

established since 1900

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£25,000 (included in the asking price)

Inventory / Stock value:

£100,000

Post office salary:

£14,000 per annum