News Confectionery Tobacco Off Licence With Sub Post Office For Sale

Business description

NO PARKING PROBLEMS

SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 700 sq. ft. sales area with tiled floor and well equipped including counter, till with EPOS scanning system, shelving, 1 large glass topped display deep freeze, large approx. 4m open cool display unit, 1 upright double door glass fronted drinks display fridge (on loan from Coca Cola), 1 greeting card display stand with drawers, 2 revolving card display stands (on loan). Post Office counter with anti-bandit screen. CCTV system with approximately 13 cameras, monitor plus hard disc recording.

SORTING MAIL OFFICE

Staff cloakroom with w.c. and wash hand basin

Stairs to large basement with chest deep freeze, ideal for storage purposes

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 10 years unexpired at a rental of £15,600 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable after full relief

THIS WELL ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR APPROXIMATELY 5½ YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The SPACIOUS living accommodation situated on the first floor FULLY CARPETED and with FULL GAS FIRED CENTRAL HEATING, comprises: 2 Bedrooms (1 very large double room with 2 separate entrances, could readily be split to provide 2 separate double bedrooms). In addition there is a further double bedroom Bathroom with tiled floor, half tiled walls, bath, shower over bath, w.c. and wash hand basin Large Lounge Fully fitted kitchen

Location:

Sought after residential locality, ESSEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £5,500/£6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £700 p.w. Gross profit 26.95% shown on accounts. Post Office salary £31,300 p.a. approx. (Please note the Sub Post Office has a Mail Sorting Office accommodating 3 postmen). We are further advised that the sales year ending 31st March, 2011 showed sales of £292,567 with a gross profit of £78,847 i.e. 26.95% plus post office salary of £38,975 providing an overall gross profit of £117,822 and a net profit of £63,598. WE ARE FURTHER ADVISED THAT THE 9 MONTHS TRADING & PROFIT LOSS ACCOUNTS FOR THE PERIOD ENDING 31ST DECEMBER, 2011 SHOWED SALES OF £243,805 WITH A GROSS PROFIT OF £65,705 (I.E. 26.95%) PLUS POST OFFICE SALARY OF £32,479 PROVIDING AN OVERALL GROSS PROFIT OF £98,185 AND A NET PROFIT FOR THE 9 MONTH PERIOD OF £49,448.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £129,500 plus STOCK AT VALUATION (£10,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Friday inclusive 6.30 a.m. - 7.30 p.m.
Saturday opening - 7.30 a.m. - 7.30 p.m.
Sunday opening - 8 a.m. - 12 noon

Employees:

The business is at present operated by a husband and wife team with the assistance of 1 part time in respect of the retail shop plus 1 part time staff in respect of the Sub Post Office. 3 morning newsboys plus 2 weekend newsboys. Delivery charge £2.40 p.w.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance

Post office salary:

£31,300 per annum