- Listing ID: 861238
- (Seller ref: 16445)
Counter Newsagents Post Office & Off Licence For Sale
- Location:
- Category:
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- Retail
- > General
- > Newsagents
- Type:
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Summary
- Asking price:
- £400,000
- Turnover:
- £20,000 weekly
- Net profit:
- Available on request
- Post office salary:
- £40,000 per annum
- Employees:
- The business is privately owned by our clients who oversee the general running of the store on a remote basis. The day to day running of the store is managed by a full-time Manager who is supported by four part-time assistants. The Post Office counter is operated by two full-time staff members.
Business description
Occupying a strong trading location on the East Coast, it is understood that this thriving convenience store, newsagents, and off licence has served the local community and holidaymakers alike for almost 100 years, with photographic evidence dating back to 1910. Owned by our clients since 2006, the business has gone from strength to strength and today provides traditional CTN (news sheet – counter only) to the local community, together with Post Office counter, general groceries, alcohol, dairy produce, frozen food, stationery, greeting cards, Lottery and PayPoint etc.
Property information
- Property:
- Leasehold
- Premises details:
- The business trades from an established ground floor lock-up which occupies a corner trading location, on the junction of a busy through road. The shop itself occupies the ground floor of a well maintained, detached building, the first floor comprising a self-contained flat which is privately leased and does NOT form part of the proposed sale.
The store comprises a large open plan retail area fitted with 2-lane sales counter, extensive racking, display stands, and island gondolas etc. A 3-positon Post Office counter, 3 store rooms (one with walk-in refrigerator) and lobby with WC.
Outside, to the front of the building there is a parking area which provides ample customer parking.
Other information
- Expansion potential:
- • Extend Trading Hours – a new owner may consider extending the current trading hours (i.e. late night opening) to increase the volume of alcohol sales.
• News Rounds – with the business currently trading on a “counter only” basis, a new owner may introduce deliveries which, we are informed by our clients, would be in great demand
- Reasons for selling:
- Our clients have decided to offer the business for sale as they now wish to focus on alternative commercial interests.
- Trading hours:
- In Season: Monday – Saturday 7:30am – 10:00pm
Sunday 8:00am – 9:00pm
Off Season: Monday – Saturday 7:30am – 9:00pm
Sunday 8:00am – 8:00pm
Contact the seller
For more information about this business for sale, click the Contact Seller button.
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