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Post Office & Sandwich Bar In Leicester

Leicester, Leicestershire
Leasehold Price:
£74,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
218117
Reference
6270 / Rightbiz

Details

    Busy Main Road Location

    A1 & A5 Licence In Place

    Accounts Year End 30th Nov 2018

    Annual Turnover £147,533(Audited)

    Gross Profit £119,975(Audited)

    Accounts Available After Viewing

    Turnover Includes Stationery & Sandwich Shop

    Post Office Salary £64,861 Per Annum

    Car Park Available for 15 Vehicles

    EPC - C

Description:
6270 - Busy Sandwich Bar & Post Office
Blacks Business Brokers are pleased to bring to the market this leasehold sandwich bar and post office in the much sought after location of Leicester, Leicestershire.

INTRODUCTION
Leicester Forest East Post Office is situated in the thriving residential area of Leicester Forest East on the outskirts of Leicester. This busy location ensures that the post office commissions are robust at approx £64,861 per annum. These are achieved through a 4 position post office counter.

LOCATION
Leicester is a city in England’s East Midlands region. The businesses location is on the junction of the busy A47 Hinkley Road and Holmfield Avenue West. This puts it within proximity of many of the areas amenities including the Forest House Medical Centre and the Meynell’s Gorse Park and Ride. Furthermore, The surrounding area is a good mix of mainly private housing providing a substantial customer base for the Post Office.

REASON FOR SALE
This opportunity is available due our client’s wish to pursue other business interests creating this superb opportunity for a new owner.

LEASE
The building is available on a FRI (Full Repair and Insure) lease which began in 2015 and is a 15 year lease. The rent is £384 per week. There is a break in the lease December 2018.

BUILDING LAYOUT AND DESIGN
The Post Office and sandwich shop, which is signposted Postie and Toastie, has its own car park for approximately 15 vehicles. The single storey commercial property is shared between our Vendors and an Estate Agency Business.
There is a 4 position Post Office counter and is supported by shelving units selling mainly stationery items.
At 90 degrees to the counter the sandwich bar is located supported by a small kitchen area to the rear. Additonally there is an admin office and staff toilets.

STAFF
Leicester Forest East Post Office employs 3 staff in the cafe and 3 staff in the post office. There is management in place due to personal circumstances and this business would be ideally suited to an owner operator.

FINANCIAL DETAILS
Leicester Forest East Post Office achieves an annual turnover of £147,533 and a gross profit of £119,975. The Post Office Income is supplemented by shops sales which consist mainly of stationery, and the sandwich bar. The Sandwich Bar was opened approximately two years ago and sales are growing. Currently these stand of approximately £500 a week, with stationary sales being a further £1,000 per week. The current owner has also applied for a cash machine to be installed into the Post Office which will generate an additional estimated income of £5,000.

SUMMARY
This fantastic business is a superb opportunity for any new owner to take advantage of the already strong trading foundations. A new owner could increase the turnover by introducing a seating area inside for customers and developing the hot food trade. There is also potential for a delivery service to be introduced. Early viewings are advised.

Fixtures & Fittings:
PO counters
Electronic till x1
Shelving units
Grill
Griddle
Microwave
Bain marie
Fridges
Freezers
CCTV


Opening Hours:
Mon - Fri - 8am - 17.30pmSat - 8.30am - 13:00pmSun - Closed


Weekly Rent:
£384 Per Week. Weekly Rent:
£384 Per Week.
Seller Details
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Listing Details
Leasehold Price: £74,995
Tenure: Leasehold
Sector: Post Offices, Sandwich Shops
Financials
Annual Turnover: £137,649
Annual Net Profit: £6,883
Location Statistics
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