Freehold Post Office & Stores In Coventry West Midlands For Sale

Business description

Bag a Business is delighted to offer to the market this extremely profitable post office and convenience store, located in the busy Coventry suburb of Willenhall. The business has been under the careful ownership of our client since 1998 and is only now being placed onto the market due to our client's wish to retire. The business has an exceptionally high turnover of £515,493 with a gross profit of £83,237 and a high net profit of £56,348. Trade is derived from its healthy post office salary as well as the sale of convenience goods. The business has a number of attractive points that draws customers to the store, however of particular note is the extensive free car parking, lottery sales and its convenient location close to the local population. The business has recently been run at a pace to suit our client's lifestyle, however when the business traded under the Londis banner, and operated longer opening hours, trade peaked at a weekly turnover of £18,000. This is an excellent base for a new owner to build upon, by perhaps extending opening hours, further selling and promotion of post office services and leaflet drops.

Property information

Property:

Freehold

Living accommodation:

The building is a sizeable, detached, double unit of brick construction situated underneath a pitched tile roof. Briefly comprising: GROUND FLOOR Good sized trading area of just under 1,000sqft Three position post office counter Counter with lottery and electronic cash register Cigarette gantry Two soft drinks chillers Two alcoholic drink chillers Chest freezer Ice cream freezer Magazine racking Convenience goods racking Three large store rooms Access to the living accommodation Toilet FIRST FLOOR Living accommodation with separate access from the side aspect comprising: Master bedroom with en-suite bathroom 2 further double bedrooms Spacious lounge Recently refurbished kitchen with dining area Good sized bathroom with corner bath unit EXTERNAL Extensive off-road customer parking to the front Private owner's car parking

Location:

The business is ideally situated in a parade of shops on the main road running through Willenhall, with private car parking available immediately outside. The business is located close to the busy junction at which the A45 and A46 merge, whilst Willenhall Woods is also just a short drive away. Trade is predominantly derived from local residents in the nearby densely populated housing estate, although strong trade is also gained from the many nearby trading estates and offices. There has been tremendous investment in the locality, which has created a large amount of employment and the area benefits from three primary schools and three secondary schools within close proximity. Willenhall is in the south-east of Coventry and boasts easy access to the M6 and M69 via the A45. Birmingham Airport is just a short drive away.