| (REF: 1737) Thriving Freehold Post Office Ctn And Convenience Market With Accommodation Price Reduced |
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| Seller Reference: |
1737 |
| B4S Reference: |
19285 |
| Asking Price: |
£850,000
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| Net Profit: |
£120,000 |
| Sales Revenue: |
£832,000 |
| Number of Staff: |
2 |
| Established For: |
35 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Feltham, South East London, United Kingdom |
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Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £832,000 with a net profit of £120,000 and a Post office salary of £45,000. The 2 bed flat yields £750 per month rental (see financial summary below).
- An easily run operation.
- Good loyal well trained staff.
- Excellent freehold investment.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides CTN and Post office as well as an off license.
History
Phoenix Business Transfer Agents are delighted to place onto the market this post office and convenience market which has been established since 1975. The business has been in the hands of the current owner since 2004 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides a post office, convenience products, full off license, lottery and a pay point.
Staffing
The concern employs 2 part time staff and the wages are £200 per week.
Owners Role
The owner and his wife are involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of regulars and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• The business seems to be running very efficiently although the off license would prosper if the business opened until at least 9pm and increasing Sunday hours would increase turnover.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced and is part of a parade of shops and is approximately 850 square foot. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled with 4 aisles and shelving and racking to the walls. It is very well presented and is very conveniently laid out. The owner has a fruit and vegetable stall outside the premises.
The main counter is to the front and the post office is to the rear.
To the rear is a store room. There are a toilet and a kitchen.
To the rear is a courtyard area and storage.
There is also a 2 bed room flat which is rented for £750 per month.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £15,000.
Financial Details
The present turnover is £832,000 per annum with a gross profit of £166,400 and a net profit of £120,000. The wages are £200 per week. The present value of the stock is £30,000. The PO salary is £45,000. These figures do not include lottery and other services offered by the business.
The potential turnover of the business within the next 2 years is forecast to reach £1 million given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
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Property: |
Freehold |
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Lease Terms: |
The business and residential property is Freehold. |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
There is also a 2 bed room flat which is rented for £750 per month. |
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Location: |
- Situated in Feltham area of South East London.
- Prominent location on main arterial road.
- Excellent free parking facilities immediately outside the business.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
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There is no local competition. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
• The business seems to be running very efficiently although the off license would prosper if the business opened until at least 9pm and increasing Sunday hours would increase turnover.
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The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made. |
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Owner wishes to sell due to retirement. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Saturday: 6.30 am – 7.30 pm.
Sunday: 7.30 am – 2.30 pm.
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The concern employs 2 part time staff and the wages are £200 per week. |
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