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Profitable Post Office & Store For Sale

Sunderland, Tyne and Wear
Asking Price:
£249,950
Turnover:
£200,000
Net Profit:
Available on request

Business
Hilton Smythe welcomes to the market Shirley’s Convenience Store and Post Office.

This very attractive and successful Freehold business has been in existence since 1997, with the Post Office added in 2013. The business has been in our client’s ownership since 2000. Retirement forces this reluctant sale.

The business has the benefit of the Post Office, a busy ATM, National Lottery and Payzone.
The store also sells cigarettes, tobacco, sweets, confectionery, soft drinks, groceries, ices, pet food, household goods, newspapers, magazines, cards, -.-.- and other sundry items.

The store has been run at a pace to suit so with added drive and enthusiasm as well as extended hours, the turnover and profit can be greatly increased.

There are 6 newspaper delivery rounds.

The new owners may consider applying for an alcohol licence which would certainly increase trade substantially.

Viewing is strongly recommended.

Location
Situate in East Street in the lovely coastal village of Whitburn to the north of Sunderland in Tyne and Wear.
A large convenience store and Post Office with storage rooms above situate on the busy main road passing through the village.
In a busy mixed residential and commercial area amongst other businesses in the village centre.
Excellent prime trading position.
Free public and street parking in the area.

Premises
The business is run from a large double fronted, 2 storey, Freehold property. The attractive, spacious ground floor retail unit is entered from an attractive pavement area with adjoining businesses and bars.

The sales counter and post office is to the right of a good sized long retail area.

There is a large office/stock room, kitchenette and toilet to the rear.

An internal staircase leads to the first floor where the rooms are used for storage. These rooms could possibly be converted into retail areas or even owner’s accommodation.

The sale includes the post office equipment: -
ATM
Lottery terminal
Card machine
Shelving
Cigarette gantry
Till
Ice freezer
4 x drinks fridges
Service counter

Tenure
We are advised that the premises and business are being sold as a Freehold opportunity.

Hours
Monday to Saturday: 6am to 5.30pm
Sunday: 6am to 12.30pm

This is an obvious area to expand.

Staff
The business is run by our clients with the occasional casual help.

Financial Profile
We are advised that present turnover of the shop is £200,000 per annum.

The Post Office salary/Commission is £17,500 per annum.
Weekly Lottery sales are over £2,500
Weekly news sheet is over £1,000

Assets are worth circa £20,000

This is a good business easily capable of expansion.

Property information

Property:

Freehold

Contact Information

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  1. What will I happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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