Freehold Post Office And Hardware Store Hampshire Price Reduction | | Medstead Hampshire | | Phoenix Business Transfer Agents are delighted to place onto the market this freehold post office and hardware store which has been established since 1900. The business has been in the hands of the current owner since 1964. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 41941
ADVERT IMPRESSIONS : 10,263 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Household Goods | | SALE: | Agent Sale | FREEHOLD: | £850000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The particular highlights of the business are:
- The property offers a good investment opportunity.
- Ideally located concern offering excellent lifestyle.
- A business established since 1900.
- Good loyal clientele.
- The premises are very spacious and there is a good opportunity to consider alternative uses.
- Turnover in excess of £104,000 and a post office salary of £14,000 with a net profit of £16,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner wishes to retire.
- An easily run operation.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this freehold post office and hardware store which has been established since 1900. The business has been in the hands of the current owner since 1964 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides a post office service and a very specialist hardware store with a huge amount of stock.
Staffing
The business is operated by family members.
Owners Role
The owners role is full time and he and his wife operate the business along with their son.
Marketing
The owner markets the business in local papers and using leaflet drops locally and does not have a website.
Competition
As far as competition is concerned there is no other business of this type for a radius of 5 miles
Market
The client base consists of locals, regulars and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and internet advertising.
Seriously consider alternative uses for the shop.
Increasing the post office product line and therefore increase the salary received.
A younger and more energetic owner will produce more profits. The owner is 75 Years old.
With the introduction of a website and e-commerce.
With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is on a corner plot. It is 80 ft x 40ft. There are 4 aisles and post office counter to the rear. The shop is very spacious and has a prominent location. There is a tended garden to the rear with a further plot of land big enough to house a bungalow valued at £150,000.
The main residence has a dining area, a kitchen, and a lounge and access to the shop.
On the first floor there is a bathroom and four double bedrooms.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £25,000.
Financial Details
The present turnover is £104,000 per annum with a gross profit of 40% and a net profit of £16,000. The post office salary is £14,000. The wages are £0. The present value of the stock is £100,000 and the fixtures fittings and equipment are worth £25,000.
In 2007, the turnover was £150,000. The potential turnover of the business within the next 2 years is forecast to reach £200,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Trading Hours
Monday to Friday: 08.30am to 5.30pm
Saturday: 0830am to 4.30pm
Sunday: 10am to 1pm
Tenure
The business is Freehold. | | | | | | FOR SALE | | | | | REFERENCE: | 1465 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
