Freehold Post Office And Convenience Store | | Undisclosed Nottinghamshire | | NOTTINGHAMSHIRE FREEHOLD POST OFFICE CONVENIENCE STORE & OFF LICENCE Village location in residential area W/T: £10,000 GP: 17.5% + Paypoint: £5,000 PO Salary: £20,000 with scope to increase hours 5 Dbl bed accommodation with scope for 5 more or bedsits STPP F/H: OIRO £500,000 +SAV REF: 1207NG | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69172
ADVERT IMPRESSIONS : 14,270 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Post Offices | | SALE: | Agent Sale | FREEHOLD: | £500000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Our client is located in a village setting on the Nottinghamshire/Derbyshire border. The immediate area has a mixed stock of residential dwellings from a housing estate to private homes.
• There is ample free car parking in the area.
HISTORY
• The business has been trading in a retail capacity since 1900.
• The freehold concern has been in the careful hands of the current owners for almost two decades.
REASON FOR SALE
• This is a genuine sale for retirement purposes.
PRODUCTS
• The business operates along the lines of a traditional convenience store together with the normal services provided by a post office.
• Some of the product lines that are retailed include:
o Beers, wines and spirits
o Newspapers and magazines, counter sales only
o Confectionery, crisps and snacks
o Soft drinks and ice creams
o Convenience foods and tinned foods
o Frozen foods
o Pet foods
o Household items
o Pay point
o Lottery through the post office
o Gas and propane
STOCK VALUES
• At present, the business is holding approximately £30,000 worth of stock at cost.
FINANCIALS
• The vendor has informed us verbally that weekly takings are averaging £10,000 per week
• An average margin of 17.5%.
• In addition to the above there is a further average weekly taking of approximately £5,000 per week from the pay point facility for which there is a profit margin of 2.5%.
• The annual post office salary is £20,000 per annum.
• The business has an ATM facility which generates a monthly commission of approximately £130 per month.
CUSTOMERS
• Mainly from the surrounding residential locality.
STAFF
• The business is staffed by the owner together with:
• Five part time staff who have all been employed for more than two years.
TRADING HOURS
• Monday to Saturday: 6am to 7am
9am to 8pm
• Sunday 8:30am to 1pm
6pm to 8pm
PREMISES
• The extensive freehold accommodation briefly comprises of the following:
Retail sales area
• Counter with cigarette gantry to rear
• Appropriate racking, shelving and gondolas
• Four frozen food fridges
• Three vertical drinks fridges
• Ice cream fridge
• Leading to post office and kitchen facilities
• Store room which was previously a fresh fruit and veg store
• Large basement storage
Ground Floor Accommodation
• Lounge
• Fitted kitchen
• Enclosed gardens
• Secure parking for three vehicles
• Outbuilding
First floor
• Five double bedrooms
• Large w/c and bathroom
• Office
• Lounge
SCOPE
• Extending the evening opening hours to take advantage of the valuable off license
• Subject to planning permission, the first floor accommodation could be converted to a total of ten bedrooms or a mixture of family accommodation with bedsit or flats to create an additional revenue stream
• In its long history the business had a separate sales area for fresh fruit and veg which retailed successfully. Re-introducing this would increase revenue. At present the area is used to store the owner's personal motorbikes
• Joining a symbol group to increase the ranges on offer, providing hot and cold snacks and refurbishing/extending the retail premises would all prove highly popular
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises | | | | | | FOR SALE | | | | | REFERENCE: | 1207NG / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
