Newsagent plus Community Post Office in Hertfordshire For Sale

Situated in a parade of 4 shops, main road trading position, sought after residential area, on the BEDFORDSHIRE/HERTFORDSHIRE BORDERS.

Turnover £ 4,750
Post Office £ 29,000
Price £95,000

Features

Counter News, off Licence, Cards, Gifts with Community Post office

Service Road in front of parade, providing customers' car parking. NO PARKING RESTRICTIONS

6 DAYS OPENING

NEWLY FITTED DOUBLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, suspended ceiling with LED lighting. Retail counter with electric cash register, 4m open chiller, ice cream freezer, beer & wine chiller, coffee machine. Post Office counter with anti-bandit screen plus parcel hatch.

Small kitchen area with wash basin

Storeroom

Staff w.c.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,750 p.w. Wholesale newsbill £175 p.w. with a gross profit of 30% approx. POST OFFICE income in the region of £29,000 per annum approx.

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff. We are informed the wage bill averages £500 p.w. approx.

Trading Hours

7 Day week
MONDAY - SATURDAY 9 a.m. - 7 p.m.
SUNDAY 9am - 12.30 p.m.
With the exception of the post office which closes at 5.30 p.m.
In our opinion there is potential for additional opening hours if desired.

Outside

Yard at rear with store room and garage.
Parking space to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease granted for 15 years in 2011 with reviews every 3 years (next review 2026) at a current rent of £7,680 per annum. We understand the landlord is happy to grant a new lease, if desired.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

TO INCLUDE THE SECURE RENEWABLE, LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUAITON (£12,500 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote