Longstanding Newsagents & Post Office in Hertfordshire

Hemel Hampstead, London
REF: R07078

Asking Price:
£149,000
Annual Turnover:
£431,904
Annual Net Profit:
£36,879
REF: R07078

Overview

Tenure:
Leasehold
Established:
1980
  • Prime, busy location
  • Post office facilities
  • Long establishment
  • Superb annual turnover
  • Excellent profit margins
  • Huge scope for growth

Established nearly 40 years ago, the business for sale is a longstanding newsagent and post office in Hemel Hempstead in Hertfordshire.

Situated in a prime and busy high street location, the store often receives a high level of passing trade and footfall. The Post Office element of the business continues to draw excellent financials and contributes £18,000 to the turnover each year. The store also facilitates lottery tickets, greetings cards and confectionery. There is a 2 bedroom apartment included above.

Having established a solid base, the current owner is now looking to pass on this profitable platform to a new buyer who can build on the company’s foundations and elevate it to the heights of its potential. The business is now for sale on a leasehold basis and is only up for sale due to the current owner’s impending retirement.

The business operates from a double glass-fronted property in a terraced position. The awning overhead lists the services and products, and, on the signage, it displays the shop name.

Through the entrance, customers are greeted to a well-appointed shop floor with shelving for general goods and greeting cards. There is a lottery station, along with a post office counter and general counter with a till and computer. To the rear of the premises, there is a back room with a large working table, a small office with a post office safe.

Despite the business already being well established and profitable, there are still a number of growth opportunities for a new buyer to take advantage of.

An obvious opportunity would be to increase the opening hours or indeed remain open 24 hours, to appeal to a larger customer base. Whilst the business has developed well without an online presence, establishing a website or promoting via social media would provide an economic advertising solution to increase exposure and boost trade.

The owner, if required, is willing to stay for a period of time to assist the buyer and ease in the transition.

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  • Close to local businesses
  • High street position
  • Urban area
  • Parking facilities nearby
  • Heavy footfall and passing trade
Rent
£24,480
Rates
£6,489
Lease Term
12
Lease Expiry
8 years left
Square Footage
TBC
Accommodation Included
Yes
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

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