Village Stationery, Greeting Cards with Sub Post office

Reference C6691
Back to list

Post Offices,Card Shops,Stationers for sale in Northumberland

Photo 1 : Post Offices in Northumberland Photo 2 : Card Shops in Northumberland Photo 3 : Stationers in  Northumberland

Contact the seller Situated in a parade, residential area, NORTHUMBERLAND

       

Turnover 50
Post Office 18,000
Price 21,500 / 125,000

Features
DOUBLE FRONTED MEDIUM SIZED SALES SHOP in the region of 600 sq. ft. including post office section, fully double glazed. Fluorescent lighting. 1 greeting card display stand with drawers, 2 revolving card display stands (on loan). Post Office counter with anti-bandit screen.

2 Stockrooms
Staff cloakroom with w.c. and wash hand basin

In our opinion there is potential to extend the shop at rear and develop an additional retail turnover if desired.
Turnover
WE ARE INFORMED the turnover averages 50 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of additional lines. Gross profit 40% approx. Post Office salary 18,000 p.a. approx. increasing
Staff
The business is at present staff operated. 2 part time staff employed. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
Trading Hours
Monday - Friday inclusive - 9 a.m. - 5.30 p.m.
Closing 12.30 p.m. - 1.30 p.m. for lunch with halfday Wednesday closing at 1 p.m.
Saturday opening - 9 a.m. - 12.30 p.m.
NO SUNDAY TRADING
Accommodation
The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING and part DOUBLE GLAZING is at present let on a shorthold tenancy and provides a rental income of 350 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen with fitted units
Utility Room
Outside
Yard with shed plus parking space for 2 cars.
Tenure
The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease in respect of the ground floor with accommodation over at a rental of 7,250 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. Alternatively should the accommodation not be required, the vendors are prepared to grant subject to satisfactory references a new 15 years full repairing and insuring lease in respect of the ground floor only (excluding the accommodation) at a rental of 3,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable after full relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 24 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 21,500 plus STOCK AT VALUATION (800 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 125,000 plus STOCK AT VALUATION (800 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Alternatively the vendors are prepared to consider the sale of the Freehold Ground Floor, excluding the living accommodation

       

Back to list