Prominent High Street Location
Annual Turnover Year End 31st March 2021 - £60,881
Gross Profit Year End 31st March 2021 - £57,252
Annual Turnover Year End 31st March 2020 - £89,962
Gross Profit Year End 31st March 2020 - £85,825
High Footfall Area
Scope To Extend Range Of Products Sold
EPC - C
REF 7740 – Leasehold Post Office & Convenience Store
Blacks Brokers are pleased to bring to the market this leasehold Post Office & convenience store located in Dudley, West Midlands.
Gornal Wood Post Office was established in this busy and densely populated area of Dudley in 1980 and our client took ownership in 2016. The business offers a full range of Post Office services as well as stocking a wide variety of convenience products. It has become 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.
Gornal Wood Post Office occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Sainsbury’s. There are also a number of local amenities nearby including schools, parks, restaurants and much more. The area is well linked by the M5 with very strong public transport links and parking is available in the surrounding area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s emigration plans, 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.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a twenty five year lease which began in 2014 at a cost of £202 per week.
The business operates with our client in full time employment supported by two full time and two part time members of staff.
Gornal Wood Post Office has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st March 2021 show that the business has an annual turnover £60,881 and a gross profit of £57,252. Full financial information is available upon request.
Purchasers should enquire with relevant local authorities to confirm the rates payable.
This long established business occupies an enviable trading position in a bustling area of Gornal Wood. 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 a strong marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.