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Reference C8900

Newsagent and Sub Post Office in Berkshire For Sale

Newsagent and Sub Post Office in Berkshire For Sale

Register to see map and to make an appointment Residential area, BERKSHIRE

Turnover 4,000
Post Office 50,000
Price 89,500

Features

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

Forecourt area to SPACIOUS SALES SHOP. Counter, electronic cash register, 10 greeting card display stands with drawers under, Kleerex display magazine shelving, ice cream deep freezer, open cool display unit (used for milk & soft drinks), single door glass fronted fridge, post office counter with anti-bandit screen (2 positions) plus parcel hatch.

Rear office
Stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 1,900 p.w. Gross profit 22% approx. In our opinion there is potential to introduce the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal licence. We understand from the present owner that Post Office Counters wish the post office to become a Main Post Office & we are further advised that the income is anticipated to be in the region of 50,000/55,000 p.a. We understand that Post Office Counters are prepared to provide a grant of approximately 25,000 for upgrading & modernisation, however we further understand that a prospective purchaser would be required also to invest approximately 25,000 in the refurbishment & modernisation. In our opinion once the shop has been modernised & upgraded & with additional opening hours, the business offers terrific potential for further development in the right hands.

Staff

The business is at present operated by the vendor with the assistance of his son plus 1 full time & 1 part time staff. 2 local newsrounds. Delivery charge 2.80 p.w.

Trading Hours

Monday - Saturday inclusive - 6.30 a.m. - 5.30 p.m. (post office section at present Monday - Friday inclusive 9 a.m. - 5.30 p.m)
Saturday opening - 9 a.m. - 12.30 p.m.
Sunday opening - 7 a.m.. - 1 p.m.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of 16,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 6,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 14 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 89,500 plus STOCK AT VALUATION (15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 44,750 (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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