Convenience Store plus Post Office in Somerset For Sale

Situated in a parade, commanding main road trading position, residential, office and commercial area, SOMERSET

Turnover £ 1,500
Post Office £ 125,000
Price £225,000

Features

Convenience Grocery Store and off Licence (recently Closed) with Thriving Post office and Lucritive Cards and Stationery Business

IMPRESSIVE PREMISES 3,000 sq ft. Laminate woodstrip floor, suspended ceiling with LED spotlights. 2 EPOS tills with card payment machines, COUNTERS,counters, 5m fridge, 2-3.75m fridges, 2.5m fridge, 1.8m dairy fridge, 2-double door freezers, 3 tier Walls ice cream freezer, warm display unit, modern adjustable 'Eden' shelving.

Post office - 5 COUNTERS (3 open plan and 2 Fortress positions with parcel hatch)

STOREROOM 500 sq ft - non slip industrial floor, tube lighting, fully shelved.

Bakery preparation room - Read bake off oven, counter, sink.

Disabled toilet

Turnover

Sales of the retail business when trading, we are advised, were £11,000 pw.

Presently the Post Office income is £135,000 pa, with additional cards and stationery sales of £1,500 pw. (80% gp.)

Staff

The Post Office is staff run, 3 full time staff.
Wage bill £1200 p.w.

Trading Hours

Retail shop - when trading 7 am - 10 pm 7 days per week

POST OFFICE Monday to Friday 9am - 5.30 pm
Saturday 9am - 1.30pm

Tenure

We understand, subject to satisfactory references, the vendor is prepared to grant a 15 years sub-lease with 5 yearly reviews at a rent £40,000 p.a.

We are advised the Landlord will require a 6 months rent deposit and a guarentor.

Price

TO INCLUDE THE NEW sub-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