| (REF: 2093) Freehold Post Office/Convenience Store With Accommodation In South Wales |
| |
| Seller Reference: |
2093 |
| B4S Reference: |
25758 |
| Asking Price: |
£650,000
|
| Net Profit: |
£208,000 |
| Sales Revenue: |
£1,040,000 |
| Number of Staff: |
4 |
| Established For: |
61 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Bridgend, South Wales, United Kingdom |
| |
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 £1,000,000 with a net profit of £208,000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a family or husband and wife team.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a Post Office service with Convenience, Off License, National Lottery, PayPoint and has an ATM.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Post Office/Convenience Store with Accommodation in South Wales which has been established since the 1950’s. The business has been in the hands of the current owner since 2005 and he now wishes to sell due to other business commitments.
Services
This very good business opportunity provides Post Office service with Convenience, Off license, National Lottery, PayPoint and has an ATM.
Staffing
The concern employs 4 part-time members of staff.
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 local residents with high levels of 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.
• Increase the open hours to 10pm to take more advantage of the off license trade.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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 £1,040,000 with a net profit of £208,000.
The present value of the stock is £50,000.
The potential turnover of the business within the next 2 years is forecast to reach £1,250,000 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.
|
| |
Property: |
Freehold |
| |
| |
Lease Terms: |
The business is Freehold and the rates are £1,000 pa for the store and accommodation combined. |
| |
| |
Living Accommodation: |
Yes |
| |
| |
Details of Accommodation: |
The business comes with a very spacious 4 bedroom flat (all 4 rooms are large doubles) with living room, dining room, kitchen and bathroom. |
| |
| |
Location: |
- Situated in the Sarn area of Bridgend in South Wales.
- Prominent location on main arterial road.
- Excellent free parking facilities.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A4063, A4061 and M4.
- Cardiff, Bridgend, Porthcawl and Port Talbot all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
|
| |
There is no local competition. |
| |
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.
• Increase the open hours to 10pm to take more advantage of the off license trade.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
|
| |
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. |
| |
he now wishes to sell due to other business commitments. |
| |
Is this a home-based business? |
No |
| |
Can this business be relocated? |
No |
| |
Is this business part of a franchise? |
No |
| |
Monday to Saturday: 7.30am to 9pm
Sunday: 8am to 8pm
|
| |
The concern employs 4 part-time members of staff. |
|
|
