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Reference C8966

Newsagent & Post Office in Surrey For Sale

Newsagent & Post Office in Surrey For Sale
Newsagent & Post Office in Surrey For Sale Buy a Newsagent & Post Office in Surrey For Sale Sell a Newsagent & Post Office in Surrey For Sale Newsagent & Post Office in Surrey For Sale for Sale Newsagent & Post Office in Surrey For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, sought after residential area SURREY

Turnover 10,000
Post Office 37,000
Price 75,000

Features

Spacious well Established News, Confectionery, Tobacco, Greeting Cards, Stationery with Sub Post office

The business has been owned by the current vendors since 1986 & has been in the current premises since 1996. The sale has come about due to retirement.

SPACIOUS SALES SHOP in the region of 2,500 sq. ft. sales area, part of which is at present utilized as a pharmacy, however we are advised the pharmacy is due to move to alternative premises very shortly & in our opinion in view of the size of the shop there is terrific potential to develop a convenience store type operation with the introduction of the sale of wines, beers & spirits. We understand the present vendors have already obtained the Premises Licence & obviously a Personal Licence would need to be obtained.

IMPRESSIVE SALES SHOP as stated in the region of 2,500 sq. ft. sales area. Non-slip floor. 3 air conditioning/heating units. Approximately 20 metres card display units, glass topped ice cream deep freezer, open cool display unit, modern shelving, display gondola. Post office counter with anti-bandit screen (3 positions).

Rear stockroom
Kitchenette
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 10,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 3,300 p.w. The business has an ATM machine & we understand that a rental is received of 3,600 p.a. plus commissions on transactions providing a further income of approximately 120 p.w. As will be appreciated the assignment of the post office is at the discretion of Post Office Counters & we understand the post office on transfer to a suitable candidate wish the sub post office to become a Post Office Local. We are further advised that the anticipated income is in the region of 37,000 p.a. including the income from the ATM machine plus on line national lottery. We are further advised that the sales year ending 31st July, 2017 showed 556,862 with a gross profit of 135,265 i.e. 24.29% plus post office income.

Staff

The business is owner operated with axillary staff for the Post Office, newspaper deliveries & retail sections. As noted above, this family run business has been successfully trading for mre than 30 years & has an excellent reputation for offering a high level of service to the local community & commuters travelling through the area.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 6.15 p.m.
Sunday opening - 6 a.m. - 1 p.m.
It will be appreciated upon inspection that there is potential for additional opening hours, if desired.
In respect of the post office section we understand the hours of opening are at present:
Monday & Tuesday 9 a.m. - 5.30 p.m. closing 1 p.m. - 2.15 p.m. for lunch. Half day Wednesday closing at 1 p.m.
Thursday & Friday 9 a.m. - 5.30 p.m. closing 1 p.m. - 2.15 p.m. for lunch. Saturday 9 a.m. - 1 p.m. only.

Tenure

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease at a rental of 30,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 13,000 p.a. approx.

AS STATED IN OUR OPINION THE BUSINESS OFFERS TERRIFIC POTENTIAL TO BE CONVERTED INTO A CONVENIENCE STORE TYPE OPERATION ALSO WITH THE INSTRODUCTION OF THE SALE OF WINES, BEERS & SPIRITS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 37,500 (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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