Leasehold Post Office & General Store Established 25 years For Sale

Business description

Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established post office and village store wit excellent further potential.

Founded over 25 years ago, it has been in the ownership of the current vendors for 5 years and is only now being reluctantly offered for sale as they wish to pursue an unrelated business venture.

The business operates as a general store with a two position post office and stocks:
• Ice cream and confectionery
• Stationery
• Soft drinks
• CD’s and DVD’s
• Cigarettes and tobacco
• Gift cards and wrapping paper
• Toiletries
• Books, toys, gifts and handbags
• Speciality products from South Africa such as biscuits, confectionery and dried meats

In addition, they also offer dry cleaning, film processing, faxing and photocopying.

Customers are mainly drawn from the surrounding densely populated residential area as they are able to park free of charge along the parade and in the nearby streets.

It has been confirmed that the post office is being kept open.

Included within the post office remit is the national lottery, cash machine, international telephone cards and top ups. The post office salary for the 2007/08 tax year was £51,655.

The business, which is run almost totally on management employs 1 full time manager as well as 6 part time staff, who work a total of 80 hours per week.
We are advised that stock at cost is approximately £6,000.
REF: 8861OX

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 15 years
Remaining lease: 2 years
Review every: 3 years
Rent: £6600 per annum
We are advised that the annual business rates are currently: £880

Living accommodation:

BUSINESS PREMISES Ground floor lock up premises which briefly comprises of the following: Ground Floor • Single fronted with side entry door into the main sales area • Counter on left with lottery terminal, cigarette gantry to the rear • Large confectionery selection on wall displays • Central gondola, gift cards and wrap on the right • Rear 2 position post office with combi till • Rear stores, kitchen and w.c • Exit with 2 allocated car parking spaces • The premises have the added security of being alarmed (Redcare) and having CCTV (2 cameras)

Location:

Our clients have an excellent location in the heart of a village in Oxfordshire. The area is primarily residential but the post office is on a small parade of shops, which include a takeaway, convenience store, catering equipment supplier and a hairdresser.

Parking is free of charge along the parade and in the nearby streets. There are 2 senior and 2 primary schools nearby.

Other major districts in the area include Cowley, Abingdon, Botley and Oxford. The village is best accessed by the A34.

Other information

Expansion potential:

Although our clients have a successful business, they consider that there is still plenty of scope to increase both sales and profits further by:
1. Opening earlier in the mornings and later in the evenings and the post office staying open all day on a Saturday
2. Offering more lines such as beers, wines and spirits and slush puppies
3. A New purchaser could work full time in the shop or post office and thus reduce the wage cost considerably
4. The current lease has only 2 years left to run, the post office has intimated that should they move to a nearby more prominent and busy location, they could be upgraded to a main post office, which would mean a larger salary.

Trading hours:

Shop:Mon – Fri: 9.00am – 5.30pm Sat: 9am – 6pm Sun: closed Post Office: Mon – Fri: 9am – 5.30pm Sat: 9am – 12.30pm Sun: closed

Financing available:

Please let us know if you require finance for the purchase of a business.

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