Post Office Living Accommodation 4 Outreach Sub Po For Sale

Business description

The particular highlights of the business are:
- A well established business with 4 outreach sub post offices close by.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Income from the post Office in excess of £100,000 pa (see financial summary below).
- A business with great potential to expand the retail side of the business.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides Post Office services over 5 units.

History
We are delighted to place onto the market this thriving post office which has been established since 1960. The business has been in the hands of the current owner since 1997 and he now wishes to sell due to retirement.

Services
This very good business opportunity provides 4 outreach Sub post offices.

Staffing
The concern employs 3. The wages are £24,000.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no local competition.



Market
The client base consists of locals 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.
• Increasing the opening hours to include longer hours selling retail products.
• Increasing the product line to include general goods.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.

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.


The present Post Office annual income is £100,000. The wages are £24,000. The present value of the stock is £3000.
The potential turnover of the business within the next 2 years is forecast £250,000 pa 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 we 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. We will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by us who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 20 years with 15years remaining. The rent is £14,000pa. The rates are £2,500.

Leasehold rent:

£14000pa per annum

Living accommodation:

On the first floor there is a 2 bedroom fully refurbished flat with a living room, open plan kitchen, bathroom and a toilet.

Location:

- Situated in the High Street area of Staplehurst in Kent.
- Prominent location on main arterial road.
- Part of a parade of shops and local shopping centre.
- Excellent free parking facilities nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- The 4 out reach sub post offices all lie close by and are in good locations.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is terraced and part of a parade of shops. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is wooden with a middle aisle and shelving to the walls. It is very well presented and very conveniently laid out.
To the rear is a store room, post sorting room, toilets, staff facilities and a kitchen.
The 4 outreach sub post office units are all included in the overall rental. One of the units could be utilized more as a retail outlet for general goods.

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.
• Increasing the opening hours to include longer hours selling retail products.
• Increasing the product line to include general goods.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.

Competition / Market:

There is no local competition.

Reasons for selling:

now wishes to sell due to retirement.

Trading hours:

Monday to Friday: 9.00am -1.00pm and 2.00pm -5.30pm, Saturday: 9.00am – 12.30pm, Sunday closed
One outreach sub post office is open from 10.00am to 2.00pm 4 days a week.
Two of the outreach sub post offices are open from 10.00am to 2.00pm 2 days a week.
One further outreach sub post office is open from 10.00am to 2.00pm 1 day a week.

Employees:

The concern employs 3. The wages are £24,000.

Years established:

51 years

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:

£20,000 (included in the asking price)

Inventory / Stock value:

£3,000