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Busy Post Office And Convenience Store In Suffolk

Shotley Gate Suffolk
Post Office and convenience store Shotley Gate, Suffolk T/O: £230,000 GP: 27% Scope to increase turnover Well equipped Owners' accommodation Village location Established business
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 58992
ADVERT IMPRESSIONS : 6,148 TIME(S)

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

FREEHOLD:

£220,000
 

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BUSINESS DETAILS:

Location
Shotley Gate Post Office occupies the ground floor of 2-storey premises ideally located on the main street in Shotley Gate, Suffolk. The premises are close to the village amenities and benefit from ample on street parking. The store is located on the local A-road network and the sea front is within easy walking distance. Shotley Gate is a mainly residential village with beautiful views, and is approximately 10 miles to the south of Ipswich.

Business History
Preferred Commercial is delighted to offer for sale this busy Post Office and convenience store, which has been in our client's careful hands since 1993. The business is only now offered for sale due to our client's wish to retire. The premises are well equipped to suit the trade with a spacious shop area with a central display aisle, counter area and fully shelved walls. The store also boasts 3-bedroom owners' accommodation with private garden to rear. The Post Office benefits from being in a monopoly trading position in the village. Our client stocks a variety of high quality products including general CTN lines, alcohol and tobacco products. The business currently trades 7 days a week, which generates a turnover in the region of £230,000. We feel the turnover could be increased by extending opening hours and applying for the lottery. Our client has advised us there are plans in place for 400 new houses to be built in the area. The new owner could, if desired, establish a leaflet marketing campaign to the other local villages. This is an ideal opportunity to acquire an already busy Post Office and convenience store, which has further potential and large owners' accommodation. Early negotiations with Preferred Commercial must come highly recommended.

Financial Details
T/O: £230,000 approx.
GP: 27%
Post Office salary: £14,000 per annum
News sheet: £900 per week

Opening Hours
Mon - Fri: 6:00am to 6:00pm
Sat: 6:00am to 4:00pm
Sun: 6:00am to 12:00pm

Accommodation Details
Detached 2-storey premises with 3-bedroom owners' accommodation, private driveway and garden to the rear. Briefly comprising:

Ground Floor
• Spacious shop area with a 2-position Post Office counter, central display aisle, shelving and racking to perimeter walls, magazine and card display, 2 x chest freezers, 1 x 2-door refrigerator, 1 x single door refrigerator, serving counter with electronic cash register and cigarette gantry
• Shelved stock room
• Office area
• Kitchen
• WC with wash basin

First Floor
• Lounge
• Kitchen
• 3 bedrooms
• Bathroom

External
• Private drive
• Garden to rear

Tenure
Advised freehold
   
  FOR SALE
   

REFERENCE:

2211 / RightBiz
   
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