Post Office & Convenience Store

Burntwood, Staffordshire

REF: 01896

Asking Price:
£60,000

Annual Turnover:
£75,000

Annual Net Profit:
£16,881

REF: 01896

Photo of Post Office & Convenience Store

Overview

Tenure:
Leasehold

Established:
1975

Recently Renovated
Ideal Location
Loyal Customer base
Minimal Competition
Post Office Salary - £58,000 per annum

This is a superb opportunity to purchase a well-established post office in Burntwood, Staffordshire.

The business offers their clients a range of traditional Post Office services such as currency exchange and postage services and also acts as a small convenience store.

The business has a loyal customer base who provide the business with regular custom.

The business has been renovated to an extremely high standard throughout and there ideal location has resulted in impressive financial figures for the business.

The business is set within a small parade of shops complete with a large shared car park.

Having recently been renovated to an extremely high standard, the premises has been cleverly divided so that clients can visit either the post office or convenience store. One side of the shop floor is used to stock various products and has a counter to manage customer transactions. The other side is used for those clients waiting for the post office and another counter to manage their queries.

Behind the shop floor, there is a large room which can be used as a staff room and to store products for the convenience store.

To the front of the store, there is a large car park for their customers' convenience.

Burntwood Post Office has been established for approximately 40 years and has experienced financial growth on an annual basis since then. The turnover generated by the sale of essential products, such as light snacks and beverages, is in excess of £30,000. The Post Office also pay the current vendors a Salary of £58,000 per annum.

The financial figures of the business could be improved significantly if they chose to stock more products for the convenience store element of the business. If a potential buyer were to stock more products and extend the opening hours of the business, the sales revenue would increase significantly. It is with a lot of regret that the current owner is having to sell the business due to ill health. This business would suit an entrepreneur with the drive and energy to manage this busy Post Office and reap the financial reward.