Most Attractive Freehold Virtually Detached Olde Worlde Greeting Cards, Stationery, Gifts, Toys With Sub Post Office | | Undisclosed Devon | | Sought after residential village, DEVON | | ADVERT NUMBER : 46794
ADVERT IMPRESSIONS : 30,771 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Post Offices | | SALE: | Agent Sale | FREEHOLD: | £535000 | | | | | BUSINESS DETAILS: | Features : TURNOVER: £750/£800 p.w. GROSS PROFIT 45% APPROX.
POST OFFICE SALARY: £59,286 P.A.
SPACIOUS 4 BEDROOM ACCOMMODATION PLUS 2 SELF CONTAINED FLATS & ADDITIONAL SHOP PROVIDING A RENTAL INCOME OF £10,975.
NET PROFIT YEAR ENDING 31ST MARCH, 2009 £80,643 (BEFORE FINANCE CHARGES)
ATTRACTIVE MEDIUM SIZED SALES SHOP with lino floor, attractive lighting. The equipment includes 4 greeting card display stands, 4 greeting card display spinners (including 2 on loan), electronic cash register, electronic scales. Post Office counter with anti bandit screen (2 positions plus parcel hatch). ATM machine situated in the shop which we understand the vendor receives a current rental of £100 per month.
ADJOINING THE SHOP IS A SELF CONTAINED MAIL SORTING OFFICE with staff cloakroom with w.c. and wash hand basin plus kitchen area.
Location : Sought after residential village, DEVON
Opening Hours : Monday - Friday inclusive - 9 a.m. - 5.30 p.m.
Saturday opening - 9 a.m. - 1 p.m.
NO SUNDAY TRADING
Turnover : WE ARE INFORMED the turnover averages £750/£800 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 45% approx. Post Office salary £59,286 p.a. We understand the sub post office has the advantage of being able to issue Motor Vehicle Licenses. We are further advised that the sales year ending 31st March, 2009 showed £37,797 with a gross profit of £17,966 plus post office salary of £62,096 and rent received of £10,975 making a total gross profit of ££91,037 and a net profit year ending 31st March, 2009 of £80,643 (before bank charges and loan interest).
Tenure : Uniform Business Rates: Nil payable after full relief
OUTSTANDING OPPORTUNITY TO ACQUIRE A MOST ATTRACTIVE AND SPACIOUS FREEHOLD RETAIL BUSINESS WITH SUB POST OFFICE AND THE ADVANTAGE OF HAVING THE RENTAL INCOME FROM 2 FLATS AND THE ADDITIONAL SHOP.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £535,000 plus STOCK AT VALUATION (£12,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The SPACIOUS FAMILY accommodation with separate front door, comprises:
Entrance Hall
Attractive Lounge with feature open fireplace and wood burning stove
Separate Dining Room with exposed beams and feature fireplace (capped)
Attractive and spacious kitchen/dining room with fitted units, Raeburn cooker (oil), Belfast sink. The kitchen area has wall lighting
Entrance to utility area with shower, cloakroom with w.c. and wash hand basin. The utility area which has a sink has space for washing machine and tumble dryer
First Floor
4 Double Bedrooms (1 with vanity unit)
Fully tiled Bathroom with bath, shower over bath, w.c. and wash hand basin (modern suite) plus heated towel rail
Ground Floor
Double fronted shop with storeroom and staff w.c. This is at present let as a tearooms/gallery on a 1 year commercial lease and provides a rental income of £250 per month inclusive of water.
Situated over the tearooms is a self contained flat at present let on a shorthold tenancy and providing a rental income of £325 per month inclusive of water. This Self Contained Flat comprises:
1 Double Bedroom
Shower room with shower, w.c. and wash hand basin, heated towel rail
Lounge
Kitchen
In addition, included in the sale is a second Self Contained Flat situated over the Post Office Section, also at present let on a shorthold tenancy and provides a further rental income of £325 per month. This Self Contained Flat comprises:
1 Double Bedroom
Bathroom with bath, shower over bath, w.c. and wash hand basin
Lounge
Kitchen
Outside : From the kitchen in the main accommodation there is entrance to an attractive walled garden comprising gravelled area, flower borders plus ornamental hand pump. In addition there is an outside cloakroom with w.c. and wash hand basin.
Garage
Staff : The business is at present operated by a husband and wife team and no staff are employed. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
