| (REF: 2455) Leasehold Post Office & Convenience Store in Bedfordshire |
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| Seller Reference: |
2455 |
| B4S Reference: |
32361 |
| Asking Price: |
£299,950
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| Net Profit: |
£92,711 |
| Sales Revenue: |
£489,419 |
| Number of Staff: |
3 |
| Established For: |
72 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Caddington, Bedfordshire, United Kingdom |
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The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £480,000 pa with a net profit of £92,711(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 husband and wife team or family
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Post Office services including Car Tax, Passport check, send and currency on demand, a comprehensive range of general convenience lines, ATM, photo booth, photocopying, lottery and off license.
Services
This very good business opportunity provides Post Office services including Car Tax, Passport check, send and currency on demand, a comprehensive range of general convenience lines, ATM, photo booth, photocopying, lottery and off license.
Staffing
The concern employs 2 full time and 1 part time 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 for the Post Office services and Lottery but there is a one other store providing local competition for convenience products.
Market
The client base consists of local residents with high volumes 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.
• Increasing the opening hours to take more advantage of the off license.
• 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.
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Property: |
Leasehold |
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Lease Terms: |
The current owners own the freehold and are offering a new 10 year lease with 3 yearly reviews. The rent is £24,000 pa. The lease is negotiable for longer term if required. The rates are £4,600.
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Current Rent: |
£24000 |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
On the first floor there is a 4 bedroom self contained flat |
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Location: |
- Situated in the centre of Caddington in Bedfordshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- 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.
- Commercially thriving area.
- Well linked with the M1 Junction 10 and A5.
- Luton, Dunstable, and Harpenden all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
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There is no local competition for the Post Office services and Lottery but there is a one other store providing local competition for convenience products. |
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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 to take more advantage of the off license.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce
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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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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 Shop 6.00am – 9. 00pm
Sunday 6.00am – 5. 00pm
Monday to Friday Post Office 9.00am – 5.30pm
Saturday 9.00am – 12.30pm
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The concern employs 2 full time and 1 part time staff |
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