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Well Located And Established Newsagents Post Office In Kent For Sale

Bexleyheath, Kent, UK
Asking Price:
£75,000
Turnover:
£336,564
Net Profit:
£50K - £100K

TURNOVER
Figures are derived from the most recent takings for the year ending 2017-18:
Turnover = £374,347
Annual Gross Profit = £69,443

PLUS
Annual commission from Bus Pass = £7,917
Annual commission from Lottery = £13,204
Annual commission from E Top Up = £240
Annual revenue from advertisements = £580
Annual Post Office Remuneration = £19,200

OPENING HOURS
Monday-Saturday 7am - 7pm
Sunday 7am-2pm

AREA
Established in the area for over 40 ago and benefits from wide net of local and commuting customers. The shop is located in a prime position on a major bus route and a stones throw away from Bexleyheath Railway station which benefits from a constant flow of commuters.

BUSINESS DESCRIPTION
The business is a traditional Newsagents stocking Newspapers, Magazines, a large selection of confectionery including local favourites of penny sweets and weigh out sweets, soft drinks and snacks, cigarettes and general items. A large newsbill featuring a delivery account service to over 300 houses creating a large revenue of income. Also a major provider of Lottery, Bus Pass, E Top Up and a fast growing collection and drop off point for Amazon and UPS Deliveries. Please be advised that there is no potential for an Off-License as this is restricted as part of the lease - this business runs incredibly well without the need to offer alcohol and further increase opening hours.

The Post Office is a new addition to the premises and has seen a large growth of footfall and customers from the first day of launch and is still growing. The local community has responded incredibly well to the additional services provided by the Post Office and this will only add to future revenue and margins.

This business has successfully been run under the current owners for the last 16 years and they're now looking towards their retirement.

This business would benefit tremendously from a fresh set of hands and a scope to implement on opportunities to increase revenue and commission services such as Paypoint, delivery leaflets to increase the newsround delivery service, and fresh owners will create a buzz in the community.

Please be advised, accounts will only be shared with buyers who are willing to make the effort to visit the premises and meet the owners - any emails asking for accounts without making an effort to first visit the business will be ignored. Accounts will only be shared with buyers who are able to demonstrate that they have funds to complete transaction.


PREMISES
The shop sales area comprises of 375sq feet and includes two new large drinks fridges, ice cream freezer, magazine display racks, newspaper display racks, confectionery display shelving, counter three EPOS systems which functions as a till and manages the newsround account system for over 200 accounts.

ACCOMMODATION
Above the shop are 2 flats:

Flat 1
1 bedroom flat which is accessed through the shop. This comprises of 1 double bedroom, a kitchen a bathroom and an open plan living and dining area. It benefits from Gas Central Heating and has uPVC Double Glazed windows for added comfort. Market Rental Value £8,400 per annum

Flat 2
2 bedroom self contained flat which has it's own separate access from the rear. This comprises of 1 double bedroom, 1 single bedroom, a kitchen a bathroom and open plan living and dining area. It benefits from Gas Central Heating and has uPVC Double Glazed windows for added comfort. Market Rental Value £9,600 per annum.

TENURE
10 year lease with currently 7 years remaining and 5 year reviews, the last review was in 2015 and the Annual Rent = £32,000

Business Rates = £4,900

The figures are genuine and speak for themselves and they can be visually seen from a visit to the premises where the business can be viewed first hand and discussed discreetly with the owners.

If interested please contact the seller through the form on this page.

Property Information

Property:

Leasehold

Lease Terms:

Lease review in 2025

Leasehold Rent:

£32,000 per annum

Living Accommodation:

A self contained flat comprising of a Double Bedroom, a Kitchen, a Bathroom and an open plan Living and Dining area

Location:

Busy parade of shops directly in front of bus stops for main routes and a stones throw from Bexleyheath Train Station

Size in square feet:
1,000

Business Operation

Expansion Potential:

The store area could be extended further back into the stock room area to increase floor sales area.

Reasons for selling:

Genuine reasons for sale as the owners now want to slow down and look towards their retirement.

Trading hours:

Monday - Saturday 7am - 7pm
Sunday 7am - 2pm

Employees:
1
Years established:
Over 40 years

Other Information

Support & training:

The owner is willing to offer training before and after the handover process.

Contact Information

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