Old Established Convenience Store and Post Office in Hampshire For Sale

Situated in a small parade, prominent trading position, residential area, close to 3 schools, Hampshire.

Turnover £ 12,500
Post Office £ 48,000
Price £365,000 / £951,000

Features

Old Established Post Office & Convenience Store

FREE CUSTOMER PARKING

DOUBLE FRONTED PREMISES in the region of 1,800 ft² WITH ELECTRIC SHUTTERS, vinyl floor, LED Tube lights, sales counter, cash register, modern adjustable shelving, 7 Meters drinks display fridge (glass fronted upright), 4.5 Meters drinks display fridge (glass fronted upright), 2 x glass topped deep freeze, glass fronted upright freezer, walls Ice Cream Freezer, CCTV system (16 cameras, 1 monitor).

Post Office Counter with anti-bandit screen. (2 positions), etc. to rear.

Stock room with shelving.

Staff Toilet with w.c. and wash hand basin.

Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 - £13,000 p.w. with a Gross profit of 33% approx. Wholesale newsbill £1,800 p.w. (delivery only). POST OFFICE income in the region of £48,000 p.a. approx..

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £50 per week approx.

Staff

The business is at present operated by the vendor on a part time basis with 2 full time & 2 part time staff. 2 news rounds, delivery charge £5 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 7pm
SUNDAY 7am - 4pm

Tenure

The vendor owns the Long Leasehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £42,000 p.a. for the first 4 years.

Business Rates from April 2025 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE NEW, GOODWILL, FIXTURES & FITTINGS £365,000 plus STOCK AT VALUATION (£65,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE THE VALUABLE LONG LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £951,000 plus STOCK AT VALUATION (£65,000 APPROX.)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 182,500 (lease) £ 665,700 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote