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Top-Rated General Store and Post Office in Watchet Somerset Up for Sale

Watchet, Somerset

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    25/03/24

  • Advert ID

    608739

  • Reference

    B07928 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £40,000
  • Turnover: £120,000 (£2,308 Per week)
  • Net Profit: Not Applicable

Business Details

Highly Rated General Store And Post Office For Sale

Business
Please quote reference B07928

CoGoGo welcomes to the market Old Post Office General Store, a highly rated business opportunity in Watchet, Somerset. 

The business was originally established over 30 years ago and has been under our clients ownership since 2023. 

This Old Post Office General Store has now come to the open market due to our clients wish to move on to other ventures. 

This business opportunity is a general store, with an independent post office. Our client has recently created a post room to the rear of the premises: (https://www.postrooms.co.uk/services)

https://www.facebook.com/p/Old-Post-Office-Watchet-61551806497459/

Key selling points - 

  • Well established
  • Good location
  • Handover option offered
  • Scope for further growth
  • Newly established post rooms business (postroom.co.uk)
Scope for further growth -

  • Increase advertising and marketing
  • Explore social media
  • Create a dedicated business website


Location
Old Post Office General Store is located on Swain Street in Watchet, Somerset. 

Due to its location in the town centre, it receives regular levels of footfall and passing trade. 



Premises
Ground floor unit -

  • Service area with display stands, fridges, coffee machines, tills etc.
  • Post office counter
  • To the rear of the shop is our clients very own post room (postroom.co.uk), WC and storage area
External -

  • Traditional post office signage
  • Ample parking in the area


Tenure
We are advised that the business is being sold on a Leasehold basis, with the landlord happy to negotiate a new lease with the new buyer. The current rent is £550 per month. 



Hours
The current trading hours are -

Monday to Friday - 8:15am - 5:00pm

Saturday - 9:00am - 12:30pm

Sunday - Closed



Staff
We are advised that the business is run and managed by our client, with the help of 1 part-time staff member. 



Financial Profile
We are advised that the business generates a turnover in the region of £250,000. Further financials can be made available upon request. 



Read more

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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