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Reference C8947

Newsagent & Post Office in Essex For Sale

Newsagent & Post Office in Essex For Sale
Newsagent & Post Office in Essex For Sale Buy a Newsagent & Post Office in Essex For Sale Sell a Newsagent & Post Office in Essex For Sale

Register to see map and to make an appointment Situated busy road, densely populated residential area, ESSEX

Turnover 5,000
Post Office 58,000
Price 640,000

Features

Superbly Fitted Freehold Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence Plus Main Post office

Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales area all refitted in 2014, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, 5 greeting card display stands (4 with drawers under plus 1 with gift wrapping paper section), 1 glass topped display deep freezer, 2 double door glass fronted display fridges, counter plus post office combination counter, electronic cash register. Post Office counter with anti-bandit screen (2 positions) etc.

Small stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 300 p.w. We are further advised that the gross profit is in the region of 22%. Post Office income in the region of 58,000 p.a. (including commission from the sale of on line national lottery tickets plus scratch cards). The main post office also issues Motor Vehicle Licenses & foreign currency on demand.

Staff

At present operated by a husband & wife team with the assistance of staff.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 7.30 p.m.
Sunday opening - 6 a.m. - 1 p.m.

Accommodation

The accommodation in the form of 2 SELF CONTAINED FLATS over plus 2 STUDIO FLATS at rear of the shop. The 2 self contained flats are at present let on shorthold tenancies & provide a rental income of 600 per month, however we understand vacant possession can be given on completion if required. Each flat comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge/Kitchen area

Included in the sale are 2 STUDIO FLATS to the rear of the shop each comprising:

Bedsitting room
Shower room with shower, w.c. & wash hand basin
Kitchen

Each of the studio flats are at present let on shorthold tenancies & provide a rental income of 450 per month, however we understand that vacant possession can be given on completion, if required.

Tenure

WE ARE ADVISED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 32 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED RETAIL BUSINESS WITH MAIN POST OFFICE IN THIS SOUGHT AFTER POSITION.

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 640,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 448,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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