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Popular Post Office And Convenience Store For Sale

Sheffield, South Yorkshire
Asking Price:
£70,000
Turnover:
£36,000
Net Profit:
Available on request

Business
Hilton Smythe is delighted to introduce to the market Colley Road Post Office and Convenience Store. Originally founded in 1965 the business has been successfully run and managed by our client’s a husband and wife team for over eleven years. The business is at the heart of this densely populated community and is very well supported by local residents.

We are advised that the takings of the Post Office and salary increase annually, with the current salary at a fantastic £48,000. The post office provides full DVLA services, a check and send passport service, Bureau de Change and almost all post office services from the 3 position serving counter.

Additional revenue is derived from the convenience store which sells groceries, stationery, cards, drinks, confectionery, frozen food and ices and has the benefit of income generated from full lottery sales and scratch cards. Additionally, there is an ATM machine on the outside wall.

Although clearly profitable, we believe the business does have potential for further development. Perhaps, by reorganisation of the internal space or extension of the premises at the side to increase the convenience store and sales area (subject to planning permission and building consent) would be beneficial. Additional sales items could be introduced such as cigarettes or alcohol to further turnover.

We believe this is an ideal purchase for perhaps a couple/family to continue this prosperous business which genuinely comes to the market as our clients look towards a well deserved retirement.

Location
Colley Road Post Office and Convenience Store occupies a prominent position on a busy major road within a very large residential housing estate in the City of Sheffield in South Yorkshire.

The business is located in-between Barnsley to the north and the City of Sheffield to the south and is easily accessible from the M1 motorway and A61 arterial road.

The business benefits from street parking to the front.

Premises
Colley Road Post Office and Convenience Store occupies a prominent position on a busy major road within a very large residential housing estate in the City of Sheffield in South Yorkshire.

The business is located in-between Barnsley to the north and the City of Sheffield to the south and is easily accessible from the M1 motorway and A61 arterial road.

The business benefits from street parking to the front.

Tenure
We are advised leasehold.

Rent to be confirmed.

Hours
The business opens:-

Monday and Tuesday 8.00am – 6.00pm
Wednesday 8.00am – 7.00pm
Thursday and Friday 8.00am – 6.00pm
Saturday 8.00am – 7.00pm
Sunday closed.

Staff
The business is owner run and managed with the assistance of 3 part time members of staff.

Financial Profile
The post office salary is £48,000 per annum.

We are advised that turnover is £36,000 with gross profit at £10,000 per annum.

Property information

Property:

Leasehold

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