Longstanding Newsagents & Post Office in Hertfordshire
£149,000
£431,904
£36,879
Overview
Leasehold
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.
- Close to local businesses
- High street position
- Urban area
- Parking facilities nearby
- Heavy footfall and passing trade