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Buy a Thriving Post Office & Home Furnishings Business in Halesowen West Midlands

 Halesowen, West Midlands

CONFIDENTIAL SALE

  • Status

    UNDER OFFER

  • Date Submitted:

    11/04/24

  • Advert ID

    609638

  • Reference

    B06534 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £60,000
  • Turnover: £107,988 (£2,077 Per week)
  • Net Profit: £25,183 (24% Profit margin)

Business Details

Well established Post Office and Homes Furnishings business for sale

Business
Please quote reference B06534

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Halesowen Post Office which is a well-established Mains Post Office and Homes Furnishings Store with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

There has been a Post Office at this location for many years and the business really has become part of the local community. The current owner has run the business since 2016 but is now selling, albeit reluctantly only because of his need to relocate to London to be closer to family. He is keen to see his beloved Post Office pass to an ambitious and entrepreneurial new owner who can take it to the next level.

The post office side of the business offers a range of Main Post Office services including -

  • All mailing services
  • Drop & Go
  • Parcelforce Express Services
  • Foreign Currency
  • Lotto Prize Payments
  • Lotto Ticket Sales
  • Post Office Money Services
  • Travel Insurance
  • Bill Payments
  • SIA Licence Applications
  • Document Certification Service
  • A range of stationery items
The Home Interiors side of the business offers a range of products including - 

  • Curtains, blinds and pelmets
  • Pillows & Cushions
  • Towels
  • Household items
  • Giftware
  • Duvets and Bedding
  • Greeting cards and Wrapping Paper
  • Pet Accessories
  • Frozen Food
  • Picture Frames
  • Seasonal Goods
Scope to Improve - 

  • Advertising and marketing campaign. A leaflet drop always yields a good response
  • Maximise the use of social media
  • Website to extol the products and services provided
  • Review the range of products stocked and introduce new lines
  • Introduce a customer loyalty scheme to encourage returning customers.
Reasons to Buy - 

  • A well-established business with an enviable reputation and many existing customers
  • Ideal owner managed or partnership business
  • Prime trading position with little or no competition locally
  • Current owner happy to offer a handover to ensure the continued success
  • A real opportunity to increase turnover and profits significantly, the current owner has been running at a pace to suit.
Hilton Smythe highly advise early viewing to avoid disappointment.



Location
Halesowen is a large market town in the Metropolitan Borough of Dudley in the West Midlands. Historically in Worcestershire the town is around 9 miles from Birmingham city centre and 6 miles from Dudley town centre. The population of the town, as the 2011 census was 58,135.

Halesowen borders on green belt land with excellent access to the countryside, for example the Clent Hills. It has extensive road links including Junction 3 of the M5 motorway, which allows easy commuting to Birmingham, other areas of the Black Country or nationwide. The centre of Birmingham is approximately 30 minutes away by car and reachable by the number 9 bus.

Halesowen Post office occupies a prominent position in the centre of the main shopping centre and sits alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade along with regular custom. The business is well presented and maintained with clear visible signage and distinctive livery.

There are a number of inexpensive public car parks within easy walking distance along with free off street parking at the top of the pedestrian area.



Premises
The business occupies substantial ground floor premises that were once a department store with generous stock rooms. To the first floor are a number of large offices and warehouses along with toilets and a staff room.

The premises need to be viewed to appreciate the accommodation on offer.



Tenure
We are advised that the business is being sold on a Leasehold basis, with 5 years remaining on the 10 year lease. The rent is £36,000 per annum and we are advised that the rates payable are £7,000 per annum. 



Hours
The business hours are - 

Monday – 08:30 - 17:30
Tuesday - 08:30 - 17:30
Wednesday - 08:30 - 17:30
Thursday - 08:30 - 17:30
Friday - 08:30 - 17:30
Saturday – 09:00 - 16:00
Sunday - Closed



Staff
We are advised that the Post office is owner run and managed, with the help of 1 full-time and 1 part-time staff members. We are advised that the Furniture Store is run and managed by the shop owner, with the help of 1 full-time staff member. 



Financial Profile
We are advised that the Post Office Commission is in the region of £100,000, with the shop in the region of £65,000. We are also advised that the Photome booth and Bio Metric generates a turnover in the region of £20,000 per annum. Full financials can be made available upon further request. 

Please quote reference B06534



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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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