Freehold Post Office Price Reduced | | Birmingham West Midlands | | Phoenix Business Agents are delighted to place onto the market this high street Post Office which has been established since 1976. The business has been in the hands of the current owner since 1998 and 2011 now wishes to sell due to concentrati | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61568
ADVERT IMPRESSIONS : 10,871 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Post Offices | | SALE: | Agent Sale | ASKING PRICE: | £320,000 | FREEHOLD: | £320,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Slade Road area of Birmingham in West Midlands.
- Prominent location on main arterial road
- Part of a parade of shops.
- Excellent parking facilities to front.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A5127 & M6 Roads.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £156000 with a net profit of £40000. (See financial summary below).
- A business with great potential which has not been exploited because the owner wishes to concentrate on his other business.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides Post Office facilities, Stationary and Greeting Cards.
History
Phoenix Business Transfer Agents are delighted to place onto the market this high street Post Office which has been established since 1976. The business has been in the hands of the current owner since 1998 and 2011 now wishes to sell due to concentrating on his other business.
Services
This very good business opportunity provides Post Office facilities, Stationary and Greeting Cards.
Staffing
The concern employs no staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business some 3 miles away.
There is no local competition.
Market
The client base consists of locals 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.
• Increasing the opening hours to include late evenings and all day Sunday.
• Increasing the product line to include convenience foods and off licence.
• 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 terraced and is part of a parade of shops and is approximately 30 ft x 20 ft. The front is branded with an attractive glass front. There are electric/manual shutters and a CCTV system. The main customer service area is tiled with shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
FIRST FLOOR
On the first floor there is a one bedroom flat with lounge, dining room kitchen and bathroom.
EXTERNAL
To the front there is the high street with parking bays 1 hour free.
To the rear is a small loading area.
EQUIPMENT WITH SALE
All fixtures and fittings and equipment are included in the sale price and are valued at £5000.
FINANCIAL DETAILS
The present annual turnover is £156000 with a gross profit of £109000% and a net profit of £40000. The wages are £Nil. The present value of the stock is £2,500.
The potential turnover of the business within the next 2 years is forecast to reach £350000. pa 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.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
TRADING HOURS
Monday to Friday 8.30-5.30
Saturday 8.30-1.00
Sunday Closed all day
TENURE
The business is Freehold and the rates are £Nil until October 2011
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £340,000
Ref: 2069
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 2069 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
