This business has been on the market for the first time since 2017, when the current owner purchased the Post Office. He has now decided that he wants to concentrate on his other business interests.
The business has been in its current position for over 40 years and was refurbished in 2016, just before the owner took over. The certified accounts show an annual turnover in excess of £250,000 for the financial year ending December 2022. This includes a post office remuneration of £63,770 and an adjusted net profit of over £71,000.
Our client currently works in the business on a daily basis, along with a number of part time and 6 newspaper delivery staff. This Post Office would work as either part of an investment for an existing business owner who wishes to expand or for a full-time working owner/couple who would be able to further increase the net profit by reducing the wage bill, which currently sits at £40,000+
This business comes with a secure, 25 year renewable lease with a current rent of £21,300 per annum, including the 2-bedroom flat above. This is due for renewal in 2035.
Viewing is strictly by appointment only.
Price to include the goodwill of the business, the remaining term of the lease, and the entire inventory of trade fixtures, fittings, and equipment. Our client will also provide any advice or assistance on handover if required.
