Leasehold Lifestyle Post Office King Sutton Oxon For Sale

Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £50,000 with a post office salary of £38,000 with a net profit of £5,000. (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 pursue other business interests.
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this well operated lifestyle post office and convenience store which has been established for over 100 years. The business has been in the hands of the current owner since 2004 and he now wishes to sell due to other business interests.

This very good business opportunity provides a post office, convenience products and lottery.

The concern employs 2 staff. Both are part time. They are paid at the rate of £7.00 per hour. All staff would stay on after a sale.

The owners’ role is full time and he works in the post office.

The owner does no marketing for the business.

As far as competition is concerned the next nearest post office is in the next village.

The client base consists of local residents and some passing trade.

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.
• Increasing the opening hours to include evenings with the introduction of alcohol.
• Increasing the product line to include other products.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website.

The owner would be available for a business familiarisation period of one week 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.

Property Details
The property is terraced and is part of a parade of shops and is approximately 25ft x 35 ft. The front is branded with an attractive glass front. It is a very well presented building. The main customer service area is wooden with a middle aisle and shelving and racking to the walls. It is very well presented and is very conveniently laid out.

The post office counter is to the end of the shop area and there is a separate counter for the convenience products.

To the rear is a store room. There are a toilet and staff facilities.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.

Financial Details
The present turnover is £50,000 per annum with the post office salary being £38,000 with a gross profit of 20% and a net profit of £5,000. The present value of the stock is £2000 and the fixtures fittings and equipment are worth £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £100,000 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.

Trading Hours
The business operates from Monday to Friday between 9am and 5 pm. On Saturdays the hours are 9am to 7pm.

Tenure
The original length of the lease was 10 years with 4 years remaining. The rent is £7,800 pa. The rates are £640 pa.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 10 years with 4 years remaining. The rent is £7,800 pa. The rates are £640 pa.

Location:

This superb business opportunity is situated in King Sutton, near Banbury in the County o f Oxfordshire .It is on the main arterial road through the village. . There is a residential area surrounding the property and the village itself is very affluent and offers an exceptional lifestyle.
The village lies only 2 miles from Banbury and is well linked with the M40 Motorway. There is another sub post office close by which is also run by the owner. It has limited opening hours.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 25ft x 35 ft. The front is branded with an attractive glass front. It is a very well presented building. The main customer service area is wooden with a middle aisle and shelving and racking to the walls. It is very well presented and is very conveniently laid out.

The post office counter is to the end of the shop area and there is a separate counter for the convenience products.

To the rear is a store room. There are a toilet and staff facilities.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.

Other information

Competition / Market:

As far as competition is concerned the next nearest post office is in the next village

Support & training:

The owner would be available for a business familiarisation period of one week 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.

Reasons for selling:

other business interests.

Trading hours:

The business operates from Monday to Friday between 9am and 5 pm. On Saturdays the hours are 9am to 7pm.

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£2,000 (included in the asking price)