| (REF: 1768) Thriving Freehold Post Office / Ctn and Off Licence Price Reduced plus sav |
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| Seller Reference: |
1768 |
| B4S Reference: |
19476 |
| Asking Price: |
£620,000
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| Net Profit: |
£80,000 |
| Sales Revenue: |
£520,000 |
| Number of Staff: |
4 |
| Established For: |
20 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Bristol, East Sussex, United Kingdom |
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Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Excellent freehold investment.
- Turnover in excess of £520,000 with a Post office salary of £40,000 and a net profit of £80,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner wishes to retire.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a partnership.
- Unopposed business.
- Business enjoys superb local reputation.
- The concern provides a post office, newsagents and convenience products.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving post office and CTN in West Sussex which has been established since 1980. The business has been in the hands of the current owner since 2006 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides a newsagents, tobacconists, confectionery and many convenience products as well as a post office.
Staffing
The concern employs 4 part time staff.
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
As far as competition is concerned, the nearest post office is over 1 mile away.
Market
The client base consists of locals, regulars and some passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings, local and internet advertising.
• Increasing the opening hours to include evenings.
• Increasing the product line to include an off licence and other products.
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 25 ft x 45 ft. The front is branded with an attractive glass front. There are manual shutters and a CCTV system. The main customer service area is tiled with a middle aisle with shelving and racking to the walls. It is very well presented and is very conveniently laid out. There is an alarm system.
To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £25,000.
Financial Details
The present annual turnover is £520,000 with a gross profit of 25% and a net profit of £80,000. The wages are £20,000 pa. The present value of the stock is £20,000. The post office salary is £45,000.
The potential turnover of the business within the next 2 years is forecast to reach £700,000 pa 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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Living Accommodation: |
No |
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Location: |
- Situated in Hollandine area of Brighton in Sussex.
- Prominent location on main arterial road.
- Part of a small parade of shops serving the local population.
- Excellent free parking facilities immediately outside.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Brighton town centre about 3 miles away.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
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As far as competition is concerned, the nearest post office is over 1 mile away. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings, local and internet advertising.
• Increasing the opening hours to include evenings.
• Increasing the product line to include an off licence and other products.
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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: 6.00 am - 7.00 pm.
Sunday: 7.00 am - 2.00 pm.
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The concern employs 4 part time staff. |
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