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Lock Up Post Office And Village Store With Sandwich Bar

Undisclosed Essex
ESSEX LOCK UP POST OFFICE AND VILLAGE STORE WITH SANDWICH BAR Located in affluent village close to M25 and M11 W/S: £2,000 GP: 14% PO Salary: £18,000 Run at pace to suit vendor – Favourable rent & rates L/H: £25,000 +SAV REF: 9593CM
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 47790
ADVERT IMPRESSIONS : 33,477 TIME(S)

 
BUSINESS SECTOR: Retail
TRADE TYPE: Post Offices
SALE: Agent Sale

LEASEHOLD:

£25,000
 

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BUSINESS DETAILS:

HISTORY

• Long established Post Office and shop site
• Successfully run by vendors over last ten years
• Very much part of the thriving local community

REASON FOR SALE

• Retirement

PRODUCTS

• Range of convenience goods and groceries
• Alcohol
• Cigarettes
• Newspapers and magazines
• Sandwiches and baguettes produced in house
• Stationery
• Greetings cards

SERVICES

• Post Office services including foreign currency and insurances
• In house sandwich bar
• Photocopying

CUSTOMERS

• Local villagers
• Passing trade in busy commuter area
• Trade from public house next door

SUPPLIERS

• Goods mainly sourced through traditional “cash and carry”

STAFF

• Run by a husband and wife team
• Part time casual assistance

TRADING HOURS

• Mon to Fri: 7am to 5.30pm
• Sat: 7am to 1pm
• Sun: 8am to 1pm

FINANCIALS

• Gross Profit margin is 14% with very considerable scope to increase
• Post Office salary is £18,000 per annum
• Turnover is consistent

OVERHEADS

Staff £3,900pa
Rent £6,000 pa
Rates £300 pa
Gas/Electric £1,588 pa

PREMISES

• Lock up Post Office and village store, part of landlord’s detached residence
• Post Office with one counter position
• Rear office
• WC
• Retail area with traditional sales counter
• Three ice cream freezers
• Cigarette vending machine
• Sandwich preparation bar
• Chilled drinks cabinets
• Chilled display units
• Racking and shelving appropriate to trade
• Photocopier

STRENGTHS

• Established Post Office site
• Excellent local support
• Favourable rent and rates
• Alcohol licence
• Limited local competition with no other store in the village
• Nearest Post office over three miles away
• Consistent turnover pattern
SCOPE

• Currently run at a pace to suit vendor
• Substantial opportunity to introduce additional product lines
• Genuine scope to increase gross profit margin
• Further Post Office services
• Newspaper deliveries (news sheet only £300 per week)

TENURE

Leasehold

Original Lease: Expired

Rent: £6,000 per annum
Rates: £300 per annum
   
  FOR SALE
   

REFERENCE:

9593CM / RightBiz
   
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ENQUIRIES:

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