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Leasehold Main Post Office/Stores Located In Par For Sale

Par, Cornwall, UK
Asking Price:
£99,950 Furniture / Fixtures included
Turnover:
£172,541
Net Profit:
Available on request

Leasehold Main Post Office & Stores located in the village of Par near St Austell. Potential to increase the retail openings hours and add off-licence.

Veritas Business Sales are delighted to offer for sale this respected Main Post Office & General Stores which is based in Par near St Austell, Cornwall. The business has been established for 29 years and has been in the careful hands of our clients for the past 5 ½ years . The business is now being offered for sale due to unforeseen personal reasons. Fixtures and fittings are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated with the help of 2 part time members of staff and for year ending 31st October 2020 posted an annual turnover of £172,541 from retail sales with an additional Post Office salary of £41,558. The retail area is approximately 92sq m and stocks a fine range greeting cards, postcards, newspapers, magazines, confectionary, bakery products, dairy produce, general groceries and Cornish themed gifts. We believe that there is a huge potential to increase trade should you wish by expanding upon the product lines in the store as well as extending the current opening times. There is scope to add The National Lottery and alcohol sales .The current owners trade until 2pm on a Saturday but there is absolutely no reason why the store could not trade until late evening. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new visiting tourists. This is a superb opportunity to purchase an established lifestyle business which is a great base to build upon and as such early viewing is highly recommended as this is one not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Term: 12 years
Remaining: 6 ½
Rent: £17,400 pa
Business Rates: ZERO

Leasehold Rent:

£17,400 per annum

Location:

This respected mains Post Office & General Stores is located in the village of Par in Cornwall. Situated within a prominent and highly visible trading position on the main Par Green (A3082) throughfare road. The immediate area has other retail shops and businesses along with residential properties. Local attractions include Charlestown, famous for the filming of many TV programmes such as Poldark and Carlyon Bay Hotel & Golf Course. St Austell is approximately 3.5 miles. Fowey is approximately 4 miles.

Premises Details:

Ground Floor
Retail (14.3m x 6.4m) comprising: various custom built greeting card shelving units & free standing shelves, glass fronted food display stand, serving counter, hot food display counter, cash register, 2 filing cabinets, upright drinks fridge (Interlevin), double door milk fridge (Caravel), photo copier (Panasonic), glass display cabinet and various rotary display stands.
Post office counter (4.4m x 2.5m) with all the usual requirements for a Main Post Office.
Post Office (Office 2.5m x 2.2m).
Storeroom (4.1m x 5.2m) with various shelving.
Kitchen (1.5m x 2.1m) with convection oven, sink with drainer and under counter fridge (Quest).
W/C with wash basin (2.0m x 1.2m).

External
Front parking for (4) and loading bay to the rear

Energy Performance Rating:
D

Business Operation

Trading hours:

Normal – (Pre-Covid)
Monday – Friday – 7.00am – 5.30pm
Saturday – 7.00am – 2.00pm
Sunday – closed
(During Covid)
Monday – 8.00am – 2.00pm
Tuesday – Saturday – 8.00am – 1.00pm
Sunday – closed

Years established:
29 years

Other Information

Inventory / Stock value:
£15,000
Post office salary:
£41,558 per annum

Contact Veritas Business Sales

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