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Established Post Office In Glasgow For Sale

Burnside, Glasgow City, UK
Asking Price:
£99,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£100,000
Net Profit:
£43,000

This exceptional business opportunity located on a busy main street in Burnside, a suburb of Glasgow, which is a popular residential area, especially with commuters due to its excellent access to Glasgow City Centre. The highly profitable enterprise combines Post Office services with a stationery section as well as offering ironing and dry cleaning services. With a strong trading history spanning over 40 years, this business has established a reputation for reliability and excellent customer service.

LOCATION
Located on a busy thoroughfare road opposite an Esso petrol station and a Tesco supermarket, which has a large customer car park,. The Post Office commands a highly visible position on the street; some of the other occupiers include national chains aswell as a lot of independent shops, cafésand healthcare shops, which adds to the appeal of the location and brings in a lot of people to the area. It is a thriving street with a cafe culture vibe and it is to be noted that there are very rarely any empty retail units for this reason.

POST OFFICE
The Post Office business has seen a steady increase in remuneration over the years due to a varied and loyal customer base and the introduction of new postal couriers, leading to an increase in customer footfall. There are a total of 3 fortress Post Office counters with an annual remuneration of approximately £74,000. There is minimal competition (we are the only branch in area offering the tablet passport, DVLA & SIA applications), enhancing its appeal as a lucrative investment.

RETAIL
Currently a drycleaner with a small stationary side, the retail offering has scope for significant growth and potential for expansion. Any future owners could expand the product range or change the retail offering from its current offering, which would result in an increase in sales.

OPPORTUNITY
The Post Office offers a lucrative income & is ideal for a family-run operation.

REASON FOR SALE
Offered for sale to facilitate retirement plans

TRADING INFORMATION
Detailed trading information will be made available to genuinely interested parties.

Property Information

Property:

Leasehold

Leasehold Rent:

£13,200 per annum

Location:

Prime high street location, in the Burnside area of Glasgow, south of Rutherglen some 5 miles from Glasgow City Centre

Premises Details:

The property is a single-story building lying under a pitched and slated roof, forming part of a small terrace of mixed commercial properties. The premises consist of the ground floor and basement area. The property has a modern aluminum-framed, glazed display window with electric shutters.

Size in square feet:
492

Business Operation

Expansion Potential:

The current retail offering is a small stationery store that also offers ironing and dry cleaning services. There is scope to expand the range of services available on the retail side or extend trading hours

Competition / Market:

The nearest Mains Post Office is located a mile away on Rutherglen Main Street.

Reasons for selling:

Retirement

Trading hours:

Monday - Friday 9am - 5pm
Saturday 9am - 12.30pm
Sunday - Closed

Employees:
4
Years established:
40

Other Information

Support & training:

Post Office Ltd will provide training to any new Sub Postmaster and staff.

Inventory / Stock value:
£5,000 - included in the asking price
Post office salary:
£74,000 per annum
Relocatable:
This business can be relocated.