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9062OX Post Office & Newsagent L/H £150,000 Oxon

Asking Price: GBP 150000
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Business Location: United Kingdom » Oxfordshire » Undisclosed 
Category: Retail » General Merchandise Stores
Description:
Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established post office and newsagent with excellent future potential.

Established over 60 years ago, it has been in the proud ownership of the current vendors for over 13 years and is only now being reluctantly offered for sale due to ill health.

The business operates as a newsagent with a two position post office and stocks:
• Counter newspapers & magazines
• Cigarettes & tobacco
• Confectionery, ice cream and soft drinks
• Greeting cards & gift wrap
• Stationery and small toys.
The business has 6 morning rounds and 3 afternoon rounds for which customers are charged £3.00 per week.

Customers are drawn from the large number of nearby residential properties who are attracted by the convenience of the large and free of charge car park outside and around the shop.

It has been confirmed that the post office is to be kept open. Included within the remit of the post office is:
• Lottery
• Paypoint
• Cash machine

The post office salary is approx £35,000 plus commissions and the shop sales average approx £8,000 per week.

We are advised that the stock at cost is approx £10,000.
REF: 9062OX

TENURE: Leasehold
Original lease: 15 years coucil
Remaining lease: 1.5 years
Review every: 5
Rent: £6,000

We are advised that the annual business rates are currently: £1,998
FINANCIAL INFORMATION
We have been advised by the vendor of the following:

Weekly Shop sales: £8,000
Post Office Salary: £35,000 pa
Commissions: £1,000 pm
Gross Profit: 22%

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.
 
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Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
416000
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area: Our clients are ideally located in an affluent residential area of Oxfordshire. Situated in the centre of a small parade of shops which include a hairdressers, convenience store, pet shop takeaway & bakers, all who contribute in attracting customers to the area. The parade has plenty of free of charge parking available along the parade an in the nearby streets. The area is in the centre of the A40 and A34 with Oxford, Cowley and Headington nearby
Year Established: 1996
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 2 f/t 2 p/t
No of trading hours: Mon-Sat: 5.15am – 6.00pm Sun: 5.15am – 12.30pm
Market competition and expansion:
This ideal family run business offers excellent scope to increase both sales and profits further by: 1. Extending the rear of the shop to give a larger stock selection, many other shops of the parade have already done this and we think it likely that permission would be granted. 2. Open later at night as the business currently shuts at 6.00pm. 3. Sell different stock lines such as general groceries.
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