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7099NG NOTTINGHAMSHIRE F/H £190,000 POST OFFICE

Asking Price: GBP 190000
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Business Location: United Kingdom » Nottinghamshire » NOTTINGHAMSHIRE 
Category: Retail » Convenience Stores
Description:
Advent Business Sales have been
instructed to offer for sale this long
established and popular business.
Established over 35 years ago and in the
hands of the current vendors for
approximately 6 years it is now
reluctantly offered for sale due to the
vendor’s emigration plans.
Currently operated by the vendor full
time plus 3 part time members of staff,
the sales area is fitted to a high
standard with a healthy Post Office
salary and an equally healthy retail side
currently supplying:
? Greetings cards
? Confectionery
? Cigarettes
? Stationery
? Small amount of impulse convenience
goods
The business is located within an
attractive period premises offering
spacious family living accommodation
with potential to increase value with
minimal further investment to
development.
The business is frequented both by the
retail sector plus many local businesses
and also offers car tax, although
Lottery is not available.
EXPANSION POTENTIAL
There is excellent potential for growth
and expansion to this already popular
Post Office including introduction of
the Lottery and further development of
the retail area to incorporate a centre
aisle to increase the range of products
offered.
There is also potential to further
increase the value of this attractive
premise with a small amount of extra
development.
It has been confirmed that this post
office will not be one of those facing
compulsory closure
TRADING HOURS
Mon – Fri: 9.00am – 5.30pm
Sat: 9.00am – 12noon
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
Annual Sales: £46,267
Gross Profit: 50%
PO Salary: £40,000
(approx)
Accounts will be made available to
interested parties after a viewing has
taken place.
Please let us know if you require finance
for the purchase of a business.
BUSINESS PREMISES
An attractive detached premise with
the added security of dual alarm
systems and consisting of the following:
Ground Floor
? Modern Post Office frontage
leading into main sales area with
display racking and shelving
? Counter to rear with secure Post
Office counter
? Door to rear of counter leading into
? Modern fully fitted kitchen with
access door into side yard
? Door way leading into small hallway
with stairs to first floor
? Second doorway leading into large
through lounge diner with doorway
into garden
First Floor
? 3 large double bedrooms
? Family bathroom
Second Floor
? Large double bedroom
External
? Garden to side and large garden to
rear
? Driveway to side of premises
? Paved to road at front
There is also a cellar beneath the
premises.
TENURE: Freehold
We are advised that the annual business
rates are currently: TBC
 
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Financial Information:  
Annual gross sales: (GBP) 46267
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area:
Year Established: 2002
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Number of Employees: 3PT
No of trading hours: Mon – Fri: 9.00am – 5.30pm
Reasons for selling:
 vendor’s emigration plans.
Market competition and expansion:
 There is excellent potential for growth and expansion to this already popular Post Office including introduction of the Lottery and further development of the retail area to incorporate a centre aisle to increase the range of products offered. There is also potential to further increase the value of this attractive premise with a small amount of extra development. It has been confirmed that this post office will not be one of those facing compulsory closure
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