COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY, TOYS, ICES, SOFT DRINKS with SUB POST OFFICE
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WE ARE INFORMED the turnover averages £3,800 p.w. in our opinion offering tremendous potential for further increase, especially if the business was converted into a Convenience Store operation and also with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary Off Licence. Wholesale newsbill £400 p.w. We understand the business enjoys excellent stationery sales. Gross profit 28% approx. In addition the business is agents for bus passes and we understand this provides a commission of £580 p.w. Post Office salary £55,000 p.a. approx. (We understand approx. £8,000 p.a. of the salary is in respect of the sale of on line national lottery tickets). We are further advised that the sales year ending 31st May, 2006 showed £183,393 with a gross profit of £36,889 plus bus pass commission of £29,625 plus Post Office salary making an overall gross profit £122,078.
Price
OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £225,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSANTIAL LOAN TO AN APPROVED APPLICANT
Features
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 900 sq. ft. sales area with adjustable shelving, centre display gondola, 6 greeting card display stands with drawers, 2 single door drinks display fridges, counter, electronic cash register, ice cream deep freeze (on loan). Post Office counter with anti-bandit screen (3 positions) etc.
2 Stockrooms
Staff cloakroom with w.c. and wash hand basin
Staff
The business is at present operated by the vendor with the assistance of his wife on a part time basis plus 2 full time staff.
Opening
Hours
Monday - Saturday inclusive - 8 a.m. - 7 p.m.
With the exception of Wednesday & Saturday when the business remains open until 7.30 p.m. for the sale of on line national lottery tickets
Sunday opening - 11 a.m. - 3 p.m.
It will be appreciated upon inspection that there is terrific potential for additional opening hours
Accommodation
The spacious living accommodation with internal access and indeed separate entrance, we understand could be let and provide a rental income of £1,200 per month if not required for personal use. The accommodation all in generally GOOD CONDITION, fully carpeted, FULL GAS FIRED CENTRAL HEATING and DOUBLE GLAZING, comprises:
First Floor
Large Lounge
Fully fitted Kitchen with oak door cabinets
1 Double Bedroom
Fully tiled Bathroom with bath, w.c. and wash hand basin
Second Floor
3 Additional Double Bedrooms
Shower room with shower, w.c. and wash hand basin
Outside
Service road at rear of parade
Tenure
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £30,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £7,500 p.a. approx. + water rates
THE BUSINESS HAS BEEN IN THE SAME FAMILY FOR THE PAST 25 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
