Prominent Town Centre Location
Alcohol Licence In Place
Projected Turnover - £286,000
Post Office Salary - £53,445
Management In Place
Cash Machine To Front
Scope For Online & Social Media Presence
Potential To Expand Product Lines
All Enquiries Must Be Made Through Blacks Brokers
EPC - C
REF 7601 – Leasehold Post Office & Newsagents
Blacks Brokers are pleased to bring to the market this leasehold Post Office & Newsagents located in Stockport, Greater Manchester.
Edgeley Post Office & Store was established in this busy area of Stockport many years ago and our client took ownership in 2021. The business offers all mains Post Office services as well as convenience products including cigarettes, newspapers, magazines and confectionary. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation.
Edgeley Post Office & Store occupies a prominent high street trading position within a pedestrianised parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Boots and The Co-op. There are also a number of cafes, car parks and other amenities nearby including schools, and a doctors surgery. The area is well linked by the M60 with very strong public transport links and parking is available in the surrounding area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but is currently managed by staff on a full time basis due to our client’s other business commitments being higher than anticipated, therefore the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level take the business to the next level by utilising the premises license that is currently in place but not being used.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is an eight year lease which began in 2021 at a cost of £462 per week.
The business operates with four members of staff in employment, this includes a full time manager.
Edgeley Post Office & Store has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 30th November 2020 show annual turnover of £634,199. The Post Office salary for this branch is £53,445. Full financial information is available upon request. It should be noted that currently the business has a very large shop area of over 2000 sq ft with with opportunity to really develop convenience side and take substantially higher earnings as the shop is largely trading as newsagents.
The business has a rateable value of £7,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.