Main Post Office with Card & Stationery in West London For Sale

Corner position, excellent main road trading position, residential and commercial area, highly desirable suburb, WEST LONDON

Turnover £ 2,500
Post Office £ 92,000
Price £159,995

Features

Stationery, Confectionery, Tobacco, Drinks, Oyster, Atm with Main Post office

6 DAYS OPENING

CORNER PREMISES with electric shutters in the region of 755 ft². Non-slip vinyl flooring, suspended ceiling, LED light panels. Sales counter, cigarette gantry vaping display cabinet, electric cash register, combi counter. Adjustable shelving, 1.8m open display chiller. 3 position fortress. CCTV (6 cameras). Alarm.

Large stockroom,

Second store room

Staff room,

Toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 p.w. with a gross profit of 28% approx. Oyster saes £500 @ 5%. POST OFFICE income in the region of £92,000 p.a. approx. In our opinion there is potential to introduce the sale of wines, beers & spirits, subject to obtaining the necessary premises & personal licence.

Staff

The business is at present operated by a husband & wife team with the assistance of 1 full time staff plus family assistance as required.

Trading Hours

6 Day week
MONDAY - FRIDAY - 10 a.m - 6 p.m
SATURDAY - 10 a.m - 2 p.m
NO SUNDAY OPENING

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in June 2022 with reviews every 4 years at a current rent of £36,500 p.a. increasing to £38,000 until 2026 with rent review at that time.

Business Rates from April 2022 £5,990 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £159,995 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 79,998 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote