Post Office & General Store With Potential | | Undisclosed Oxfordshire | | OXFORDSHIRE POST OFFICE AND GENERAL STORE WITH POTENTIAL Located on parade of shops nr school in residential area Single PO counter, high footfall levels & low o/heads A/T: £440,900 PO salary £30,000 Scope for a full time working owner to increase profits LH; £70,000 +SAV REF: 1024OX | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62756
ADVERT IMPRESSIONS : 11,511 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Post Offices | | SALE: | Agent Sale | LEASEHOLD: | £70000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The post office has an excellent location on a small parade of complementary businesses in a densely populated residential area of Oxfordshire and with a large primary school on the door step
HISTORY
• The post office has been established for over 50 years & with the current vendor for over 6 years
REASON FOR SALE
• The business is only now being reluctantly offered for sale to enable the vendor to look after her ill parents
PRODUCTS
• Stationery
• Greetings cards and gift wrap
• Cigarettes and tobacco
• Confectionery
• Toys
• Newspapers and magazines
• Ice cream
• General household goods
• Soft drinks
CUSTOMERS
• The customers are drawn from the local residential housing estates
and from the large primary school which is virtually on the door step
SERVICES
• The post office has a single position counter
• Lottery is approx £2,500 per week, the commission of which belongs to the post office
STAFF
• The vendor works 3 days a week with the assistance of 3 part time staff and casual paper delivery staff
TRADING HOURS
• Weekdays 6am to 5.30pm
• Saturday 6am to 4.30pm
• Sunday 6am to 12pm
FINANCIALS
• Annual turnover £440,908
• Post office Salary: £30,000
• Net Profit: circa £36,600
PREMISES
• A ground floor mid terraced lock up premises which briefly comprise:
• Side entry door into the shop
• Large newspaper and magazine rack
• Twin door soft drinks chiller
• Ice cream chest freezer
• Central positioned gantry with large penny sweet and confectionery display
• Greetings card display
• Gift wrap, stationery, general household items
• Rear serving counter with lottery terminal
• Single position post office counter
• Cigarette gantry
• Through to small kitchen area, w/c and back exit to car park and single garage for storage
• The business is fully alarmed and has a 3 camera CCTV system
STRENGTHS
• Superb location in a busy and densely populated urban community
• Close to a very large primary school
• Very well established business which has been trading for over 50 years
• Demonstrable weekly takings of circa £8,500
• A low overhead business in particular rent and rates which are only circa £6,000 per annum for them both combined
SCOPE
• A full time working owner would save considerably on staff wages
• Photocopying
• Faxing
• Offer ready made sandwiches
• Install a bake ‘n’ bite oven
• Have additional newspaper rounds
TENURE
• Leasehold
• Original Lease 15 years
• Remaining: 2 years
• Review every: 5 years
• Rent: £5,200 per annum
• Rates: £800 per annum
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1024OX / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
