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Busy Post Office And Convenience Store For Sale

Middlesbrough, North Yorkshire
Asking Price:
£425,000
Turnover:
£120,000
Net Profit:
Available on request

Business
Hilton Smythe welcomes to the market Eston Post Office.

This large (we are advised 1600 square feet approx ) busy and attractive Freehold Post Office and Licensed Convenience Store provides all the usual Post Office services and also sells a wide selection of alcohol , cigarettes, newspapers , magazines, DIY items, tobacco, cold drinks, confectionery, crisps, greeting cards and other sundry items.

It also has the National Lottery and an exterior ATM.

The business has been owned by our client for 10 years ( a Post Office has been on site for 25 years) and is now reluctantly selling because of family illness.

The sale also includes 4 high class apartments above which produce an income of £1600 pcm.

There is also the potential of a further 2 flats being built on the first floor.

The business which is presently run at a pace to suit, can be expanded by opening longer hours especially in the evenings to take advantage of the alcohol licence, Sunday opening , increased drive and by increasing and varying the stock being sold.

At present the Post Office funds the Store. With a little effort and tweaking, the Store could easily stand on its own feet.

This is a good and established Freehold business marketed at a reasonable price for an early sale.

The owner may be prepared to consider selling the business only, retaining the Freehold and leasing the Post Office and shop premises upon terms to be agreed.

Location
This ground floor large double fronted Post Office with Convenience Store is situated on the very busy High Street in Eston, near Middlesbrough in the built up area of Teeside.

The business is in a parade of shops with flats above within the town centre.

There is free parking to the rear and nearby.

There is a high volume of passing traffic and footfall.

Premises
This ground floor large double fronted Post Office with Convenience Store is situated on the very busy High Street in Eston, near Middlesbrough in the built up area of Teeside.

The business is in a parade of shops with flats above within the town centre.

There is free parking to the rear and nearby.

There is a high volume of passing traffic and footfall.

Tenure
We are advised that the premises are of Freehold tenure.

We are also advised that the owner would be prepared to sell the business as a leasehold option with terms to be negotiated and at a price of £49,995 + SAV.

Hours

The business currently opens:-

Monday to Saturday 8.00am to 5.30pm
Sunday closed

Staff
The owner runs the business with the assistance of 3 part time staff.

The annual staff cost is £20000 approx.

Financial Profile
We are advised that the current Post Office salary/Commission is approx £50,000 pa.

The current turnover of the Store is approximately £70,000 pa.

The business carries about £15000 stock.

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