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Reference G8749

Convenience Store plus Post Office in Somerset For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential, office and commercial area, SOMERSET

Turnover £ 6,000
Post Office £ 140,000
Price £225,000

Features

Convenience Store with Main Post office

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 600 ft². Laminated strip floor, suspended ceiling with fluorescent lighting. Sales counter, EPOS till, cigarette gantry, open cool display unit, freezer, modern adjustable shelving, CCTV system (12 cameras, 2 monitor).

Post Office Counter with anti-bandit screen. (4 positions), etc. to rear.

3 Stockrooms

2 staff toilets with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 23% approx. POST OFFICE income in the region of £140,000 p.a. approx.

Staff

The business is at present operated a manager with the assistance of 5 part time Post Office staff. Shop area 1 full time & 2 part time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 8am - 6pm
SATURDAY 8am - 2pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2018 with reviews every 3 years (next review 2024) at a current rent of £17,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 201 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £225,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 112,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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