Post Office Convenience Store In York North Yorkshire For Sale

Business description

Preferred Commercial is delighted to offer for sale this busy newsagents, general store and Post Office, which was established in 1975 and which has been in our client's careful hands since 1980. The newsagents is only now being placed on the market due to ill health. The business trades 7 days a week and generates a turnover in the region of £298,000 per annum with a gross profit of 33% and a Post Office salary of £35,000 per annum. The business also offers the lottery with a turnover in the region of £72,000 per annum. The newsagents currently offers 10 news rounds per day with a weekly newssheet of £2,250. A new owner could increase turnover by perhaps extending the opening hours, offering more seasonal goods and perhaps embarking on a modest advertising campaign. The lock up premises are ideally located to capture passing trade. We feel this is an ideal opportunity to acquire a thriving multi-faceted business with scope for future growth. Early discussions with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 6 years
Remaining: 5 years
Review: every 3 years
Rent: £9,500 per annum

Leasehold rent:

£9,500 per annum

Location:

Dringhouses Newsworld Ltd occupies a prominent trading location on the busy A1036, which leads from the A64 to York city centre. The business lies directly across the road from the York Marriott Hotel, behind which lies the famous York Racecourse. The business benefits from a high footfall and much passing trade and is surrounded by a densely populated residential area. Dringhouses is a sought after, affluent suburb of York, just 2 miles south of the city centre. The area is well served with busy A roads, while the A1(M) lies approximately 12 miles away.

Premises details:

Ground floor lock-up retail premises fitted to suit the trade and benefiting from CCTV and alarm systems. Briefly comprising:

Ground Floor
• Open-plan sales area with computerised 2-position Post Office counter, newspaper and magazine racks, central aisle display shelving, retail counter with 2 x cash registers, lottery terminal, confectionery display, crisps display and cigarette gantry, greeting cards display, 2 x drinks chillers, large glass fronted refrigerators, baking oven
• Stock room/office
• WC with wash basin

External
• Parking space to rear
• Open forecourt with bench and parking space

Business Operation

Trading hours:

Mon - Fri: 5.30am - 5.45pm
Sat: 6.00am - 5.00pm
Sun: 6.00am - 12.30pm