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Long Running Post Office In South East London For Sale

Elephant & Castle, London, UK
Asking Price:
£50K - £100K Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Available on request

The busy and well-established post office on Old Kent Road, London is now up for sale.

ASKING PRICE IS £70,000

POST OFFICE SALARY £95,000 PLUS OTHER SALE OF STATIONERY AND PHOTO BOOTH.

Annual lease £21,000
NIL Business rates for several years
Efforts will be made to transfer mobile booster giving rent of £2,500 pa

Located in this area for more than 55 years, this exciting post office business is situated on the bustling Old Kent Road in South East London. The post office is on a busy high street location, benefiting from loyal, local regulars and footfall walk-in custom, who are a mix of business and residential clients.

Taking on this business, you will be a part of the popular and iconic ‘post office ltd’ brand, that provides a wide range of products and services to the public through its nationwide network of Post office branches. 99.7% of the population live within 3 miles of the post office & 93% live within 1 mile. Post office has the biggest retail network in the UK, with more branches than all the banks & building society combined.

Post office products and services include:

• Posting letters and parcels
• Money e.g credit cards, loans, banking, travel money, insurance, savings etc
• Travel e.g help and advice, insurance
• Branch and banking services
• Broadband and phone
• Business services e.g mail drop and go, office supplies and equipment, banking services
• Pay bills and top up
* Outside ATM
* National lottery and health lottery
* DVLA

There is great potential to expand this already popular business if the new owner so wishes. There is ample space to display and sell retail items (wall slats are currently empty and could benefit from proper organisation) such as greeting cards, stationary, confectionery, gift bags etc. Keeping lottery and scratch cards well stocked on the sales counter and adding tobacco and e-cigarette products in the tobacco counter would also see an increase in profits. Furthermore, pushing products such as insurance, broadband, mortgages, loans etc would expand the business. Considered sales and marketing drives could expand the customer base and increasing opening times e.g opening on a Saturday, would generate more custom. The current owner has been unable to maintain, update and expand the business due to poor health, but would love to see his beloved post office go to an enthusiastic and entrepreneurial new owner, who can really grow the business and allow it to flourish.

The post office is a staple company in the British community. It’s an infamous and historic brand that has served the nation for hundreds of years – through its highs and lows. Quite simply, it is not going anywhere. With a long-established track record, ideal location and great potential for expansion, this is a solid and exciting business with a brand very much worth being part of.

The greatest advantage of this post office is that with two counter positions post office is managed with a staff and owner/manager which is cost effective. The
area is so vibrant and there are no banks nearby. A few extra hours of working can increase profit many folds.

For more information about this business, please contact the seller on this page.

Property Information

Property:

Leasehold

Location:

London - located on a busy high street benefiting from both business and residential customers. On street parking or Tesco's parking 0.1 miles away.

Premises Details:

Large shop floor with spacious sales/ shop counter area which can sell lottery and scratch cards, tobacco, e-cigarettes etc. Large back office area which can also hold stock. CCTV and high security system installed. The owner has mobile booster giving a rent of 2500 per year and efforts will be done to transfer the booster, giving additional income to the business, subject to booster company agreeing to transfer.

Planning Consent:

N/A

Business Operation

Expansion Potential:

Huge potential for expansion. There is lots of space to sell additional products as currently there are not many retail items being sold. Adding products such as greetings cards, stationary, confectionery, gift bags etc - would really increase profits. Plus making sure the counter area is always well stocked with lottery tickets and adding tobacco and e-cigarettes. Furthermore, pushing products such as insurance, broadband, mortgages, loans etc would expand the business. Considered sales and marketing drives could expand customer base and increasing opening times e.g opening on a Saturday would generate more custom.

Competition / Market:

The two other post offices in the area are 1.1 and 1.4 miles away so this branch serves the Old Kent Road area.

Reasons for selling:

Poor health.

Trading hours:

Monday - Friday 9am - 5.30PM
Saturday 8.30AM-2PM
Sunday - closed

Employees:
One member of staff
Years established:
20 + years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Post Office is a brand name and passing the interview is important to become post master full support will be provided

Other Information

Support & training:

The present owner will assist in preparing the project report of post office and recommend a consultant in final draft to be submitted to post office
in future full support will be provided and ready to offer as holiday substitute or emergency needs

Financing available:

Out of premium of 70,000 ready to offer 20000 in interest free in 3 years by monthly instalments

Furniture / Fixtures value:
£25,000 - included in the asking price
Inventory / Stock value:
£500
Post office salary:
£95,000 per annum
Relocatable:
This business can be relocated.

Contact Information

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