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Freehold Post Office + 2 Bedrooms In Bolton

Bolton, Manchester
Freehold Price:
£329,950
Status
FOR SALE
Advert ID
252527
Reference
7029 / Rightbiz
    Busy Trading Location

    Post Office Salary £54,000 Per Annum

    Annual Turnover £293,054

    Gross Profit £101,035

    Net Profit £61,903

    2 Bedroom Accommodation

    EPOS & CCTV Systems

    Ill Health Forces Sale

    EPC - D

Description:
REF 7029 – Freehold Post Office and Newsagents with Accommodation
Blacks Business Brokers are proud to bring to the market this freehold Post Office and newsagents business located in the much sought after area of Bolton, Lancashire.

INTRODUCTION
Chorley New Road Post Office has been trading for over 50 years with our client in ownership since 2018 and over that time it has firmly established itself within the local community and gained a large and loyal customer base.

LOCATION
Bolton is a popular and busy town in Greater Manchester. It lies close to Bury and Wigan, and is well linked by the M61 and M60. Bolton is a densely populated town with a busy town centre and many other businesses and shops. St Clares Terrace is positioned just off Chorley New Road – this is a busy main road leading through the Middlebrook and Lostock areas of Bolton into the town centre. It is well used by commuters, shoppers and local residents. Chorley New Road Post Office is located in a superb trading position, on a busy roundabout and the junction of Chorley New Road and Alexandra Road close to the Macron Stadium. There is free, roadside parking available outside the business.

REASON FOR SALE
Chorley New Road Post Office is only being offered for sale due to our clients ill health.

BUILDING LAYOUT AND DESIGN
Chorley New Road Post Office is housed within the ground floor of a large, end of terrace unit on the corner of a busy junction. The business is branded with the usual Post Office signage, as one would expect. The glazed, single frontage is used to display offers for a selection of convenience items. Inside, the business is well presented. The large retail area is well stocked with wall shelving, magazine racking and display fridges. There are three Post Office counter positions with a separate counter for convenience sales. On the first floor is a spacious, two bedroom accommodation. The accommodation comprises of two bedrooms – one single and one double, a large lounge, family bathroom and fully fitted kitchen. All areas are finished to a high standard.

STAFF
Chorley New Road Post Office is currently operating with two part time staff running the post office and 2 part time early morning staff. In addition there are 3 delivery drivers.

FINANCIAL DETAILS
Financial details are available upon a viewing of the business and Chorley New Road Post Office has traded solidly over its trading history. Post office salary is £54,000 per annum for this branch and the shop generates an annual turnover of £293,054. All customers are from the local area as one would expect.

SUMMARY
This freehold business is a refreshing mix of a Post Office business and newsagents with potential for an alcohol licence and convenience store/gift shop and it delivers impressive weekly takings from multiple income streams. There is plenty of scope to develop the business further with the addition of an expanded product range, hot food sales and longer opening hours to take advantage of potential alcohol sales. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised and are welcomed by appointment only.

Opening Hours:
Mon - Fri - 5am - 5.30pmSat - 5am - 1pmSun - 5am - 12pm


Weekly Rent:
Not Applicable. Weekly Rent:
Not Applicable.
Listing Details
Freehold Price: £329,950
Tenure: Freehold
Location: Bolton, Manchester
Sector: Post Offices, Newsagents
Financials
Annual Turnover: £293,054
Annual Net Profit: £61,903
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 7029 / Rightbiz

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