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Convenience Store & Post Office

Undisclosed East Sussex
Located in highly populated residential area in coastal town. No immediate competition. Free parking area directly outside. Draft accounts for year ended 2011: Retail Sales £518,388, Gross Profit £125,560. In addition, Post Office Salary £36,000 pa.
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 68384
ADVERT IMPRESSIONS : 11,577 TIME(S)

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

LEASEHOLD:

£135000
 

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BUSINESS DETAILS:

The Convenience Store & Post Office are located in a highly populated residential area in an East Sussex coastal town.

There is no immediate competition in the neighbourhood and the shops have the added benefit of a free parking area directly outside.

The convenience store stocks a broad range of convenience goods along with cigarettes, newspapers & magazines, and it is fully licensed selling a good selection of beers, wines and spirits. There are 7 news rounds and a wholesale weekly news bill of approximately £1,750.

The post office benefits from being one of only two post offices in the town (which has a population of 23,000) and the salary has grown over recent years. Currently, this side of the business also sells cards, stationery, wool and general homeware products.

Although the two shops are separate, the convenience store and post office are run as a single business and the owners produce one set of accounts to include the sales of both units.

Draft accounts for the year ended 5th April 2011 show Annual Retail Sales of £518,388 with a Gross Profit of £125,560. In addition, the Post Office Salary is approximately £36,000 per annum.

The residential accommodation is of a high standard and it has been significantly upgraded by the current owners over recent years including a new bathroom suite installed in 2008 and new kitchen installed in 2009.

Leasehold £135,000. Ref: GS27057T
   
  FOR SALE
   

REFERENCE:

GS27057T / RightBiz
   
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