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Reference C9016

Post Office & Newsagent in Kent For Sale

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

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

Turnover 6,000
Post Office 100,000
Price 145,000

Features

Profitable News, Confectionery, Tobacco, Greeting Cards, Stationery, Full Free off Licence with Main Post office

PUBLIC CAR PARK NEARBY (Pay & Display)

SPACIOUS SALES SHOP in the region of 1,400 sq. ft. sales area with quality tiled floor, suspended ceiling with concealed lighting. Counter, 2 tills with scanning system, post office combination counter, 6-door glass fronted cool display unit (used for wines & beers), 8-door glass fronted cool display unit (used for soft drinks), modern adjustable shelving, 4 greeting card display stands with drawers under, Post Office counter with 2 positions plus fortified position etc.

Staff cloakroom

Basement

Turnover

WE ARE INFORMED the turnover is currently in the region of 6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 1,100 p.w. We are advised that the Post Office income is in the region of 100,000 p.a. (including on line national lottery tickets & scratch cards commission). We are further advised that the sales year ending 31st August, 2018 showed 263,260 with an overall gross profit of 171,780 (including gross post office income of 91,045).

Staff

At present operated by a husband & wife team with the assistance of 6 part time in the retail shop & 6 part time in respect of the main post office section. 12 morning newsrounds. Delivery charge 2.75 p.w.

Trading Hours

Monday - Friday inclusive - 8.30 a.m. - 5.30 p.m.
Saturday - 8.30 a.m. - 2 p.m.
NO SUNDAY TRADING

Outside

Parking space at rear for 1 car

Tenure

We understand the premises are held on a secure renewable lease, the present lease having 2 years unexpired from June, 2020 at a rental of 32,000 p.a. exclusive of rates. We further understand that subject to satisfactory references, the landlord is prepared to grant a new 20 years full repairing and insuring lease at a rental of 34,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years. (Obviously the granting of a new lease is subject to the landlord being satisfied with the references and we further understand the landlord will require a six months rent deposit).

THIS WELL ESTABLISHED RETAIL BUSINESS WITH MAIN POST OFFICE HAS BEEN IN THE SAME HANDS FOR THE PAST 18 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 145,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 72,500 (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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