Superb Nottingham Post Office And Retail Outlet For Sale

Business description

Superb Post Office And Retail Outlet- Nottingham
Newly refurbished Post Office and owners accommodation
Loyal village custom plus high numbers of passing trade
£39,000 Post Office salary with huge growth potential
Main street location in desirable Woodborough
Early viewing highly recommended
LEASEHOLD

Business History

Meridian Business Sales are delighted to offer to the market this well established Post Office which has been in the careful hands of our clients since 2007 and is only now being offered to the market due to our clients wish to make a change in their career. Since our clients took over the business they have fully renovated the trading area of the Post Office to a quality that provides the new owners a true walk-in and trade business with quality accommodation on the first floor that needs cosmetic finishing. Our clients inform us that the current turnover of the retail side is £290,000 at a 18% gross margin with a Post Office salary of £39,000 pa. This is derived from the sale of greetings cards, stationery items, newspapers, magazines, sweets and day to day convenience foods plus the full Post Office service. The business enjoys a strong reputation within the local community and as such has a high level of loyalty and repeat trade. Meridian Business Sales recommends early viewing on this business so as to fully appreciate the quality and growth potential for the new owners.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 15 years
Remaining: 13 years
Review: 5 years
Rent: £10,000pa

Living accommodation:

Well presented and maintained 2 storey detached property under a pitched slate roof briefly comprising:- GROUND FLOOR Main entrance leading to an open plan retail area with display stands for greetings cards plus shelving and slat walls. Fully fitted Post Office counter and a rear sorting room with 3 postmen. Main sales desk with sweets display and full Epos system cash register. Halogen lighting, full display for newspapers and magazines, centre gondola with convenience foods, dairy fridges, photocopier and cash machine. Toilet, kitchenette and rear entrance with staircase to first floor living accommodation. FIRST FLOOR Staircase leading to a large hallway with storage cupboard, 1 x fully fitted kitchen with a range of base and wall units, 1 x large family bathroom with toilet and wash hand basin, 1 x large lounge with carpet and decoration, 1 x double bedrooms with quality carpet and decoration, 1 x storage/boiler room and 1 x dining room. EXTERNAL Access to road at the rear of the property, large frontage with space for display if required and off road parking for 1 car.

Location:

This well established Post Office and retail outlet is located on the main through road of the village of Woodborough in Nottinghamshire. Woodborough is a popular and upmarket village renowned for its picturesque countryside and quality period properties. The Post Office is ideally located at the heart of the village and enjoys a monopoly trade as the nearest competition is some 6 miles away in either direction. The location of the Post Office ensures that it receives high levels of local plus passing trade as Woodborough is served by the main A60 and A6097 trunk roads. The area has strong road and rail links with mainline trains running from nearby Nottingham.