Post Office And Convenience Store On Isle Of Wight For Sale

Business description

We are pleased to offer for sale this Post Office convenience store, which has been in our client's careful hands since 2000 and which is only now being placed on the market due to ill health. The business offers a variety of services, products and facilities, which include Lottery, ATM, newspapers and magazines, general convenience lines, DVD rental and alcohol, as well as a selection of hot food and freshly baked bread. Our client has developed an excellent reputation and a loyal customer base, which ensures much repeat trade. A further benefit to this business is the well-appointed 2-bedroom owners' accommodation. The business trades 7-days per week and generates a turnover in the region of £285,000 per annum with a gross profit of 40%, and has a Post Office salary of £18,000 per annum. We feel that turnover could be increased by perhaps offering a newspaper delivery service. This is an ideal opportunity to acquire a popular Post Office and convenience store, which is well-equipped and in a walk-in-and-trade condition, with scope to develop further. Early negotiations with us must come highly recommended.

Property information

Property:

Freehold

Location:

St Helens Post Office and Stores is ideally located within the village of St Helens, on the eastern side of the Isle of Wight. The business is positioned opposite the village green, which is claimed to be the largest in England, and boasts picturesque views over the surrounding countryside. There is a pub, newsagents and café nearby and there are a number of campsites and holiday homes in the vicinity. The beach and yachting marina are within easy walking distance. The business benefits from ample on-street parking and a local bus service, while there is easy access to the A-road network, providing access to the neighbouring towns of Ryde, Bembrige and Nettlestone. The seaside town of Ryde lies approximately 5 miles away and possesses a variety of attractions and amenities. Ryde is also a popular tourist spot with ferry connections to the mainland and the Island Line rail service to Shanklin.

Premises details:

2-storey retail premises with a large sales area and Post Office counter, offering 2-bedroom owners' accommodation. Briefly comprising:

Ground Floor
• Main shop area with various displays and shelving, DVD rental display, alcohol refrigerator, 3 x drinks chillers, ice cream chiller, newspaper and magazine racking, scratch cards, Lottery point, 2 x display chillers, ATM and Post Office counter
• Stockroom
• Preparation room, used for baking bread and pies, with large combi-oven and bake-off oven

First Floor
• Hallway
• Utility room
• Large double bedroom
• Double bedroom
• Office, could be converted into a single bedroom
• Lounge
• Kitchen
• Bathroom

External
• 2 x parking spaces

Business Operation

Trading hours:

Mon - Sun: 6.30am - 8.00pm