South Wales Busy Post Office And Convenience Store 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).
- Turnover in excess of £600,000 pa with a net profit of £52,000 (see financial summary below).
- A business with great potential which has not been exploited because the current owner has other business commitments.
- 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 from one counter, a comprehensive range of convenience products, the national lottery, ATM, newspapers, magazines, stationary, dvd hire, off license, fresh fruit and vegetables, frozen foods, savories, sandwiches and pet foods.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Post Office/Convenience Store which has been established since 1960. The business has been in the hands of the current owner since 2005 and he now wishes to sell due to other business commitments.

Services
This very good business opportunity provides post office services from one counter, a comprehensive range of convenience products, the national lottery, ATM, newspapers, magazines, stationary, dvd hire, off license, fresh fruit and vegetables, frozen foods, savories, sandwiches and pet foods.

Staffing
The concern employs 6 part-time staff.

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

Marketing
Spar complete localized leaflet drops on behalf of the business otherwise no other 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 from a well populated residential area as well as good levels 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 opening hours to include later evenings to take advantage of the alcoholic drink sales.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

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 annual turnover is £612,000 (this includes the Post Office salary of £25,000) with a net profit of £52,000.The present value of the stock is £15,000.
The potential turnover of the business within the next 2 years is forecast to reach £700,000 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:

Leasehold

Lease terms:

The original length of the lease was 21 years with 9 years remaining. The rent is £7,000 pa with a review in 2015. The lease may be renewable or negotiable for longer term if required. The rates are currently free of charge.

Leasehold rent:

£7000pa per annum

Location:

- Situated in the High Corner area of Cardiff in South Wales.
- Prominent location on main arterial road.
- Part of a parade of shops with some 2 other units.
- Excellent free parking facilities nearby.
- Surrounded by a well 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 A470 and M4.
- Cardiff City Centre, Caerphilly and Pontypridd all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 1,100 sq ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled with middle aisles and shelving to the walls. It is very well presented and is very conveniently laid out.

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

External
To the rear are two secure containers, one used for additional storage space and the other for early morning newspaper supplier deliveries.

Size in square feet:

1100sq 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 opening hours to include later evenings to take advantage of the alcoholic drink sales.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Competition / Market:

There is no local competition.

Reasons for selling:

he now wishes to sell due to other business commitments.

Trading hours:

Monday to Saturday: 7.00am – 8.00pm
Sunday: 7.00am – 6.00pm

Employees:

The concern employs 6 part-time staff.

Years established:

51years

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:

£35,000 (included in the asking price)

Inventory / Stock value:

£15,000