Post Office With Accommodation In Newbridge Gwent South Wales For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- With a Post Office salary in excess of £45,000 pa plus additional retail sales (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team
- Low rent and rates.
- Very low overheads.
- A niche concern with no competition.
- Business enjoys superb local reputation.
- The concern provides Post Office services including 3 counters, AEI machine for DVLA services, currency exchange, travellers cheques and passport services. The retail product ranges include stationary, greetings cards and gift wrap.

History
Agents are delighted to place onto the market this Freehold Post Office which has been established since the early 1900’s. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to other business interests.

Services
This very good business opportunity provides Post Office services including 3 counters, AEI machine for DVLA services, currency exchange, travellers cheques and passport services. The retail product ranges include stationary, greetings cards and gift wrap.

Staffing
The concern employs 2 part-time staff.

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 local residents, town centre shoppers with good volumes of 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 product lines to include gifts and confectionary.
• Becoming more efficient with staffing levels.
• With the introduction of a 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.


The present Post Office salary is £46,000 plus undeclared income from retail sales.
The present value of the stock is £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £75,000 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 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.



Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited 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:

Freehold

Living accommodation:

On the first floor there is accommodation which has recently been refurbished to a high standard. From the independent entrance at the rear of the property and leading up a flight of stairs to a long hallway leads on to one single bedroom, one large double room, bathroom and W/C, a spacious kitchen and large living room with great natural light from two bay windows.

Location:

- Situated in the town centre area of Newbridge in Gwent.
- Prominent location n main arterial road.
- Part of a small parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates 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.
- Well linked with the A467 and A472.
- Blackwood, Bargoed and Pontypool all lie close by.
- 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, part of a small parade of shops and is approximately 250 sq ft. The front is branded with an attractive glass front. The main customer service area is non-slip vinyl with a middle aisle and shelving to the walls. It is very well presented and is very conveniently laid out.

To the rear is an office and various store rooms. There is a toilet, staff facilities and a fully fitted kitchen.

Size in square feet:

250sq ft

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 product lines to include gifts and confectionary.
• Becoming more efficient with staffing levels.
• With the introduction of a website.

Competition / Market:

There is no local competition.

Reasons for selling:

he now wishes to sell due to other business interests.

Trading hours:

Monday to Friday: 9.00am - 5.30pm
Saturday: 9.00am – 12.30pm
Sunday: Closed

Employees:

The concern employs 2 part-time staff.

Years established:

111 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:

£15,000 (included in the asking price)

Inventory / Stock value:

£5,000