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Main PO Cards and Gifts

Newark on Trent, Nottinghamshire
Leasehold Price:
£149,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
223993

Details

The towns main Post Office REM £160k plus retail of £300k with good margins.  

  • Town centre location
  • Large shop area

Located in the centre of a busy and growing market town with a catchment area of around 150,000 with further significant development planned.  I.e. a growing customer base.

The town has great infrastructure links East-West, and North-South, train services to London, Nottingham, Lincoln, Leeds, Newcastle and Edinburgh.

Lease:

This is a 10-year lease ending 4/5/2021, with automatic right to renew.  The rent is £30,000 p.a. 

Reviews are 5 yearly with last review taken in 2016 review.

Stock:

Separate to the price; to be valued independently at the exchange and will depend upon the time of year, but around £40,000 will be required for existing stock.

Opportunity:  As well as the growth of the population, Sunday opening and internet sales.

 

Listing Details
Leasehold Price: £149,000
Tenure: Leasehold
Sector: Post Offices, Card Shops, Gift Shops
Financials
Annual Turnover: £300,000
Annual Net Profit: £65,000
Key Features
  • Accounts Available
  • Attractive Business
  • Adjacent to Multiple Retailers
  • High Turnover
  • Prime Location
  • Town Centre location
  • Offers Invited
  • Established Business
  • Fully Fitted
  • Retirement Sale
  • Close to Local Amenities
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