| (REF: 2102) Post Office And Store Marston Woodhouse Nottinghamshire |
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| Seller Reference: |
2102 |
| B4S Reference: |
25699 |
| Asking Price: |
£230,000
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| Net Profit: |
£70,000 |
| Sales Revenue: |
£300,000 |
| Number of Staff: |
4 |
| Established For: |
51 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Nottingham, Nottinghamshire, United Kingdom |
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The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £300,000 with a net profit of £80,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner has personal issues.
- An easily run operation.
- Good loyal well trained staff.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a Post office and cards and confectionary.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving post office and superstore which has been established since 1960. The business has been in the hands of the current owner since 2008 and he now wishes to sell for personal reasons.
Services
This very good business opportunity provides a Post office and cards and confectionary.
Staffing
The concern employs 4 part time staff and the wages are £18,200 pa.
Owners Role
The owner is 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 locals and 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 and local and internet advertising.
• Increasing the opening hours up to 10 pm daily and increase Sunday hours.
• Increasing the product line to include other products and to review prices.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
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.
The present annual turnover is £300,000 with a gross profit of 20% and a net profit of £70,000 including a post office salary of £80,000. The wages are £18,200. The present value of the stock is £20,000.
The potential turnover of the business within the next 2 years is forecast to reach £750,000 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.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
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Property: |
Leasehold |
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Lease Terms: |
There will be a new lease available which is negotiable. The rent will be £15,000 pa. |
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Current Rent: |
15000pa |
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Living Accommodation: |
No |
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Details of Accommodation: |
The property is approximately 30 ft x 30 ft square foot. The front is branded with an attractive glass front. There are electric shutters. The main customer service area is carpeted and there are 2 aisles and shelving and racking to the walls. It is very well presented and is very conveniently laid out. It is extremely spacious.
To the rear is a large store room. There are a toilet and staff facilities.
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Location: |
- Situated in Mansfield Woodhouse area of Nottingham in Nottinghamshire.
- Prominent location on main arterial road.
- Excellent rural location.
- Excellent parking facilities.
- 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.
- 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:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours up to 10 pm daily and increase Sunday hours.
• Increasing the product line to include other products and to review prices.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
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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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wishes to sell for personal reasons.
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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: 5.30 am – 5.30 pm
Sunday: closed
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The concern employs 4 part time staff and the wages are £18,200 pa.
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