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Post Office & Convenience Store In Bury For Sale

Bury, Greater Manchester, UK
Asking Price:
£21,950 Furniture / Fixtures included
Turnover:
£55,153
Net Profit:
Available on request

Newly Refurbished 2018
Accounts Available 5th April 2020
Annual Turnover £55,153
Gross Profit £38,789
Post Office Commission £33,837 Included In Turnover
Income From Lottery £150 Per Week
New Lease to be Negotiated
Close To Doctors Surgery
Scope To Develop Convenience Side
No Local Competition
Owner & 1 Staff Member
Free Parking Directly Outside
Scope For Convenience Expansion
EPC - C

REF 6671 – Leasehold Post Office & Convenience Store

Blacks Brokers are pleased to bring to the market this leasehold Post Office and convenience store located in a popular residential area of Holcombe Brook, Bury.

INTRODUCTION

Holcombe Brook Post Office has been trading on Longsight Road for over forty years with our client in ownership since 2009. The business is an integral part of the local community and has a huge local customer base. Our client has built superb relationships with customers including other local business owners and the shop has an enviable reputation. During 2018 our client invested heavily in a full shop extension and refurbishment. This allowed for a large range of convenience products to be stocked and modernised the Post Office counters as well as resurfacing the large forecourt area used for customer parking.

LOCATION

Positioned on Longsight Road, the business is immediately behind a main line bus stop. This area is well linked by the M66 with good links to the town of Bury and surrounding areas of Greater Manchester. Free parking is available immediately outside the shop and in the immediate vicinity. Holcombe Brook is a densely populated area of Bury, there are two busy shopping precincts nearby, a doctors surgery and two large schools. The main road position brings a huge amount of passing trade in addition to the local custom.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s family commitments and lack of time to dedicate to this flourishing business, the Post Office is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. A new lease will be filly negotiated with our client upon sale of the business. This lease will run at a cost of £225 per week.

STAFF

The business is currently operating with two members of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Holcombe Brook Post Office has traded well during over the last four decades. We are advised that the business currently has annual turnover of £55,153 and included in the turnover is a Post Office commission of £33,837. National Lottery generates a further £150 per week – our client introduced this service in late 2018. Full financial details are available upon viewing.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position on a busy main road. There is plenty of scope to develop the business further with the introduction of longer opening hours and a strong marketing drive for the convenience side of this business – at present sales from the shop are 75% stationary and only 25% goods. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - FRI: 09:00 - 17:30
SAT: 09:00 - 12:30

Contact Blacks Business Brokers

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