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Post Office Convenience Store On Prominent High Street In Albrighton For Sale

Albrighton, Shropshire, UK
Asking Price:
£20,000 Furniture / Fixtures included
Sales Revenue:
£200K - £500K
Cash Flow:
Under £50K

Long-standing village Convenience Store with significant "important" Post Office for sale. Situated on a main high street in the village of Albrighton, West Midlands.

SPAR branded - long established history in the region.
Prime Retail location in village

Post Office generates salary income of £4000 per month

Large store room to the rear including small office, kitchen and toilet. Rear loading door.

Would make a suitable opportunity and great lifestyle business suited for an Owner-Operator. Currently run as managed business but selling due to owner relocation to another part of the country.

4 fully trained staff running the shop - able to TUPE to new owner or transfer to another part of the existing business as required.

Rent is £24k pa
Lease term remaining 18 years
Supplier Contract with SPAR but range of local suppliers permitted

Asking price £20k plus stock value on completion for Goodwill, Fixtures and Fittings.
Will consider offers.

Viewing recommended and possible by arrangement with the seller.

For more information, please contact us by using the form below.

Property Information

Property:

Leasehold

Lease Terms:

25 year lease with 7 years served already so 18 years remaining

Leasehold Rent:

£24,000 per annum

Location:

Prime location on High Street in village of Albrighton, West Midlands. Just north of Wolverhampton. Situated in proximity to RAF Cosford so there is a significant market of service personnel and families in the village. There is unrestricted street parking directly outside the premises.

Premises Details:

Retail premises Shop Floor area of 1300sqft with main front door and staff door to the rear of the shop leading to storage area, kitchen, toilet and small office. Rear goods-in loading door to the rear in the storage area. Secure separate lockable bond room in the rear.

The shop front has electric roller shutters

Size in square feet:
1,300

Business Operation

Expansion Potential:

Real potential to diversify the shop offering and create additional revenue alongside the busy post office, potentially maximising the use of the storage rooms to the rear.

Competition / Market:

There is an established yet small CO-OP shop 50 yards up the high street but means that there is consistent and regular footfall on this section of high street.

Reasons for selling:

Owner relocation to another part of the country.

Trading hours:

Now trading 9am to 6pm but scope to extend as desired

Employees:
4
Years established:
7

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Inventory / Stock value:
£25,000
Post office salary:
£45,000 per annum

Contact Seller

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