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Town Centre Position
Projected Annual Turnover £154,000
Financial Information Available After Viewing
Management In Place
Scope To Expand Product Lines
Potential For Longer Opening Hours
EPC – C
REF 6913 – Leasehold Post Office & WHSmith Convenience Store
Blacks Brokers are pleased to bring to the market this leasehold Post Office & WHSmith Convenience Store located in Henley-on-Thames, Oxfordshire.
Reading Road Post Office was established in this affluent area of Henley-On-Thames in 2006. The business offers a range of Post Office services in addition to a range of stationary and convenience products. It is very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online.
The Post Office business is considered as an essential business and therefore has remained open all the way throughout the government lockdowns that have been in place due to covid-19.
Reading Road Post Office occupies a main road trading position within a parade of shops and offices in a busy and popular town centre. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Waitrose, Sainsbury’s and Esso. There are only a few other Post Office spread out within five miles of the business however, having undergone a top to bottom refurb in 2017 none are comparable to this. There are also a number of local amenities nearby including the local college and hospital. The area is well linked by the M4 with very strong public transport links and parking is available in the surrounding area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s location in the North of England, the business is operated on a day to day basis by staff and therefore now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2017 at a cost of £529 per week.
The business operates with five members of staff in employment. Our client is not involved in the day to day management of this business.
Reading Road Post Office has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has a projected annual turnover of £154,000 this includes the post office salary. Full financial information is available upon request.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This well known and well established business occupies an enviable trading position in a busy area of Henley-on-Thames. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product ranges and longer opening hours, the business was built in with the addition of an ATM service in mind however the current owners have not gotten around ton installing this, there is also possible potential for a delivery service where appropriate. 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.
Monday - Friday 08:30 - 17:30
Saturday 08:30 - 12:30
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