Post Office & Newsagent L/h £150,000 Oxfordshire | | Undisclosed Oxfordshire | | OXFORDSHIRE PO & NEWSAGENTS AFFLUENT AREA PO SALARY: £35,000 PA, PLUS £1,000 PM COMM W/T: £8,000 GP: 22% , NEWSROUNDS: 6AM & 3PM. COUNCIL LEASE: LOW RENT & RATES. L/H: £150,000 + SAV, REF: 9062OX | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 25492
ADVERT IMPRESSIONS : 31,778 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Post Offices | | SALE: | Agent Sale | LEASEHOLD: | £150000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Our clients are ideally located in an affluent residential area of Oxfordshire.
Situated in the centre of a small parade of shops which include a hairdressers, convenience store, pet shop takeaway & bakers, all who contribute in attracting customers to the area.
The parade has plenty of free of charge parking available along the parade an in the nearby streets.
The area is in the centre of the A40 and A34 with Oxford, Cowley and Headington nearby
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established post office and newsagent with excellent future potential.
Established over 60 years ago, it has been in the proud ownership of the current vendors for over 13 years and is only now being reluctantly offered for sale due to ill health.
The business operates as a newsagent with a two position post office and stocks:
• Counter newspapers & magazines
• Cigarettes & tobacco
• Confectionery, ice cream and soft drinks
• Greeting cards & gift wrap
• Stationery and small toys.
The business has 6 morning rounds and 3 afternoon rounds for which customers are charged £3.00 per week.
Customers are drawn from the large number of nearby residential properties who are attracted by the convenience of the large and free of charge car park outside and around the shop.
It has been confirmed that the post office is to be kept open. Included within the remit of the post office is:
• Lottery
• Paypoint
• Cash machine
The post office salary is approx £35,000 plus commissions and the shop sales average approx £8,000 per week.
We are advised that the stock at cost is approx £10,000.
REF: 9062OX
STAFF DETAILS
The business is run by the husband and wife team plus two part timers who work a total of 30 hours per week.
TRADING HOURS
Mon-Sat: 5.15am – 6.00pm
Sun: 5.15am – 12.30pm
EXPANSION POTENTIAL
This ideal family run business offers excellent scope to increase both sales and profits further by:
1. Extending the rear of the shop to give a larger stock selection, many other shops of the parade have already done this and we think it likely that permission would be granted.
2. Open later at night as the business currently shuts at 6.00pm.
3. Sell different stock lines such as general groceries.
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Weekly Shop sales: £8,000
Post Office Salary: £35,000 pa
Commissions: £1,000 pm
Gross Profit: 22%
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES
A very attractive ground floor lock up property which is in excellent condition. Fully alarmed, CCTV and electrically operated roller shutter doors, consisting of:
• Centre door in to the main display area
• Twin door soft drinks chiller
• Newspaper & magazine racking
• Ice cream freezer
• Serving counter with glass fronted display under
• Cigarette gantry to the rear
• 2 position post office
• Cash machine
• Tiled floor throughout, suspended ceiling
• Office to the rear
• Stock room
External
• garage
TENURE: Leasehold
Original lease: 15 years coucil
Remaining lease: 1.5 years
Review every: 5
Rent: £6,000
We are advised that the annual business rates are currently: £1,998 | | | | | | FOR SALE | | | | | REFERENCE: | 9062OX / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
