Thriving East Sussex Post Office And General 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 £201,404 pa with a net profit of £14,804 (see financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and an 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 a Post Office and General Store.

History
Phoenix Business Transfer Agents are delighted to place onto the market this general store and post office which has been established since 1970. The business has been in the hands of the current owner since 2007and now wishes to sell due to retirement.

Services
This very good business opportunity provides a Post Office and General Store.

Staffing
The concern employs no staff and is a family run business.

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 and passing.

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 evening.
• Increasing the product line to include more frozen food.
• Increasing the sales of hot take away food.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• Home delivery service to locals.

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 £201,404 with a gross profit of £36,774. The net profit is £14,804. The income from the Post Office is £20,200. The present value of the stock is £ 6,000.
The potential turnover of the business within the next 2 years is forecast to reach £225,000 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 7 years with 3 years remaining. The rent is £5,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £949.

Leasehold rent:

£5000pa per annum

Location:

- Situated in the Deanland Wood Park area of Golden Cross near Hailsham.
- Prominent location.
- The only shop on a residential home park with over 600 homes.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Well linked with the Hailsham by road.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is detached. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is non-slip lino. It is very well presented and is very conveniently laid out.

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

External
To the front there is parking area.
To the rear is a large store room with freezers and fridges.

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 evening.
• Increasing the product line to include more frozen food.
• Increasing the sales of hot take away food.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• Home delivery service to locals.

Competition / Market:

There is no local competition.

Reasons for selling:

wishes to sell due to retirement.

Trading hours:

Monday to Friday: 8.30am - 5.30pm
Saturday 8.30am – 1.00pm
Sunday 8.30am - 1.00pm

Employees:

The concern employs no staff and is a family run business.

Years established:

41 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:

£13,000 (included in the asking price)

Inventory / Stock value:

£6,000

Post office salary:

£20,200 per annum