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Established Post Office With Accomm - Newport For Sale

Newport, Gwent, UK
Asking Price:
£319,950 Furniture / Fixtures included
Sales Revenue:
£33,552
Cash Flow:
Available on request

Prominent Village Location
Accounts Available Year End 28th February 2020
Annual Turnover £8,952
Post Office Salary £24,600
Accounts Available After Viewing
Long Trading History
Retirement Sale
4 Bedroom Accommodation
Well Presented
Fully Equipped
Scope To Expand Product Range
Potential For Longer Opening
Scope To Introduce Convenience Products
EPC - D

REF 7343 – Freehold Post Office With Accommodation

Blacks Brokers are pleased to bring to the market this freehold Post Office with accommodation located in Cwmcarn, Newport.

INTRODUCTION

Cwmcarn Post Office was established over 100 years ago in this well populated area of Newport. Our client has been in ownership since 1988. With such an impressive trading history, the business is very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google.

LOCATION

Cwmcarn Post Office occupies a high trading position within the centre of the village. The area is densely populated residentially but there are also a number of other local amenities nearby including a primary school, takeaways, independent retailers and much more. The area is well linked by the M4 with very strong public transport links and parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement wishes, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

STAFF

The business operates with our client and spouse only in full time employment.

FINANCIAL DETAILS

Cwmcarn Post Office has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £8,952 with Post Office salary of £24,600. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This reliable and long established business occupies an enviable trading position in a residential area of Cwmcarn. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and longer opening hours. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. It may also be of great interest to an investor looking to let the accommodation and business either together or separately. Early viewings are strongly advised.

Property Information

Property:

Freehold

Business Operation

Trading hours:

MON - FRI: 08:30 - 17:30
SAT: 08:30 - 12:30
SUN: CLOSED

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