Long Running Post Office in Harrow

London
REF: 03741

Asking Price:
£200,000
Annual Turnover:
£111,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 03741
Photo of Long Running Post Office in Harrow

Overview

Tenure:
Leasehold
Established:
1998
  • Range of products/services
  • Well located premises
  • Loyal customer base
  • High yearly takings
  • Scope for growth

This is a fantastic opportunity to acquire a well established post office business which has been trading successfully for over 25 years.

Through offering a professional range of services, as well as an assortment of daily consumables, the business has acquired a large customer base and grown consistently year on year.

Having nurtured the business since its inception, the current owner is seeking retirement and is looking to pass on this profitable platform to a worthy buyer.

This is a thriving business which functions as a post office and convenience store, offering a range of services which include: parcel and letter delivery, car tax, Lottery, Paypoint and Bureau de Change. It also retails an assortment of daily consumables and confectionary items, all at competitive yet reasonable prices.
Through offering a professional and friendly customer service, the business has amassed a loyal customer base, with a healthy average spend.

It functions from a large building which features vibrant and clear exterior signage, which has been re-branded. Internally, the premises is comprised of a spacious 1000 sq ft floor where stock is displayed throughout. There is a serving counter to the front right hand side of the floor with two post office kiosks to the rear. The building is installed with CCTV.

Trading consistently all year round, the business has grown organically through word of mouth recommendations and through minimal advertising.

Intelligent Business Transfer are pleased to bring to the market this turnkey operation which has experienced consistent growth and continues to attract its local inhabitants on a daily basis.
Established 25 years ago, the business has garnered a stellar reputation for its excellent services and reliable customer care. In doing so, it has successfully generated high annual turnover in excess of £114,000, with exceptional net profit margins.
This is an ideal opportunity for an experienced retailer and would equally suit a first time buyer looking to manage a thriving post office in this geographical location.

There exist a number of opportunities which could be implemented to guarantee further growth.

Retailing more products such as household and stationary items, the business could generate higher income.
Offering hot food and drinks such as tea and bagels etc, would attract morning commuters and the business could also effectively offer hot sandwiches etc at lunch times to appeal to workers in the community.

As well as this, growing the range of services to include photocopying, passport check & send and a Photobooth would also attract further patronage.

Intelligent Business Transfer have been tasked with finding a suitable buyer.

Location

Property

Annual Rent
£20,000
Annual Rates
£5,000
Lease Term (Years)
5
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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