Popular Local Newsagents and Post Office

Epping, London
REF: R07172

Asking Price:
£65,000
Annual Turnover:
£224,521
Annual Net Profit:
TBC
Under Offer
REF: R07172

Overview

Tenure:
Leasehold
Established:
TBC
  • Long- established
  • Very loyal customers
  • Variety of goods and snacks
  • Only cash point in the village
  • Accessible location

Now available to the market is this successful newsagents and Post Office situated in Essex.

Trading since 1976, with current ownership since 2014, the business has been offering a fantastic service to the local community, complete with standard postal services and retailing a wide range of goods.

Its perfect position within a residential area, alongside its brilliant financial profile, stands any new owner in good stead to continue serving its loyal customer base for years to come.

The business retails a wide range of items including snacks, confectionery, greetings cards and stationery, as well as all essential Post Office services. The newspaper delivery service, offering delivery within a five-mile radius, is also highly popular amongst customers. Its customer base consists of local residents, school children and those working at the nearby business park.

The shop has an immaculate glass shop frontage which customers enter through a single door. Directly ahead is the Post Office counter with an incorporated cash machine. Goods such as magazines and snacks are displayed either side of the shop. To the right is the general store counter where customers can use Payzone to pay their bills. Behind this is an area used for storage.

All equipment is included in the sale; two fridges, one freezer, one cash till, one Post Office till, a safe, all shelving and an alarmed CCTV system.

This is a great opportunity to acquire a very busy newsagent which includes the only post office for miles.

 

Well-suited to someone who thrives in a small and friendly community and happy to be in the centre of the village, the new owner could utilise the shop’s potential to generate further profit. Refurbishing the flat above, possibly transforming it into a 2 bedroomed flat, and renting it out could bring a different revenue stream to the business.

 

Extending Post Office hours and introducing the sale of other items such as alcohol would also help to grow profit.

 

The current owner has stated that they would be willing to carry out a one month transitional period to fully hand the business over to its new proprietor.

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  • Based in North Weald, Essex
  • Adjacent to a popular café and betting shop
  • On a busy main road
  • Easily accessible
  • Car parking
Rent
£17,000
Rates
TBC
Lease Term
TBC
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
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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