The business has been long established in the area, with our clients owning and operating the business since 2007. Our clients have brought the business to market with a genuine reason for sale due to retirement. In addition to the post office, the business offers an associated range of cards, gifts, soft toys, balloons, party supplies, candles and frames amongst other items. Viewing recommended.
Note: Our clients would consider a leasehold option for the business and lock up shop for a £150,000 premium and a rental amount to be discussed with our client
Location
The business trades from a prominent position within the main High Street of this popular south Suffolk market town, benefitting from enviable levels of footfall, vehicular passing trade and a densely populated surrounding residential community. The premises is surrounded by various other business types including a butchers, CO-OP, hair salon and various eateries.
Tenure
Our clients own the freehold of the entire property, however, they currently lease out the adjacent shop to a tenant. Details of the lease can be disclosed to seriously interested applicants on or after a meeting with our clients.
Post Office
A terraced double-fronted retail shop with fascia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 1,432 sq. ft. and is arranged as follows:
Main Post Office Area
rectangular in shape with laminate flooring, suspended ceiling, spotlighting, integrated speaker system and air conditioned throughout. To the left-hand side at the front of the shop is a card display area and to the right-hand side at the front of the shop is a serve-over counter with Lottery stand, Scratch Card stand, counter-top rotating stands and till system. Two full-length double-sided card display stands run down the shop creating 3 aisles. There is a door off the left-hand side of this area which leads into a WC. Towards the rear of the main sales area are various rotating display card stands and right at the back is the post office counter with 4 serving positions, equipped with 4 electric scales and 4 card machines.
Office
A door at the back right-hand side of the main sales area leads through into an Office equipped with 2 x safes. A door from this area leads through to the behind post office counter area.
First Floor Area
A door from this area leads through to the behind post office counter area. There is a staircase from the small office that leads to the first floor area which is currently used as another Office with small kitchenette area and stainless-steel sink.
Leased Shop
Situated next door to the post office, a terrace double-fronted retail shop with fascia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 403 sq. ft.
Self-Contained Upper Parts
Accessed via entrance door at the front of the building leading to an entryway and staircase up to the first floor which is currently arranged as shown on the floor plan within the details. The upper parts have approved planning permission for two self-contained 1-bed flats arranged as shown on the other floor plan within the details.
Staff & Trading Hours
The business is run by husband and wife couple on a full-time basis, with the assistance of 3 full-time and 1 part-time members of staff. 9 am to 5 pm Monday to Saturday, closed on Sundays.
Turnover
Year end 31st of March 2023 accounts confirm net sales of £150,529 in addition to a Post Office salary of £82,374. Full financial information will be disclosed at our client's discretion after a meeting.
Business Rates
The premises is subject to a rateable value of £12,500 and we are advised the business rates are payable at approximately £125 per calendar month.
Legal Costs
Each party are to be responsible for their own legal costs incurred in the transaction.
