Well established Post Office/Convenience Store in a prime location

Bradford, West Yorkshire
REF: 01238

Asking Price:
£189,950
Annual Turnover:
TBC
Annual Net Profit:
TBC
Featured
Recently Sold
REF: 01238
Photo of Well established Post Office/Convenience Store in a prime location

Overview

Tenure:
Leasehold
Established:
1964
  • Excellent Reputation
  • Very Loyal Customer Base
  • Recently Refurbished

This post office and convenience store has been trading for over 40 years successfully. The business has a substantial post office salary as well as healthy retail sales. There is terrific potential for growth with little investment.

The business has been trading healthily for over 40 years and currently offers a Post Office Salary within the region of £70,000 per annum. As well as this the business has significant retail sales. The double fronted premises are accessed via a main entrance which leads directly into the main retail sales floor. To the immediate right is the convenience store sales counter. The open plan layout of the sales floor ensures good visibility and is split into three long aisles. To the far right of the entrance is the post office counters which have recently been refitted to the new specification. There are 3 counters for the post office.
To the rear of the sales floor is a substantial stock room and small office area as well as WC. Externally there is rear access and parking.

This incredibly rare opportunity is offer to the market for the first time in 28 years. The current owners have worked hard to build a sustainable and profitable business which not only offers great immediate returns but also the potential for growth.
The Post Office has a solid repuation locally and many visitors to the post office use the convenience store for basic supplies which include groceries and stationary.
The business premises were refurbished around 12 months ago to the new post office specifications and at the same time the convenience store underwent a similar level of refit. This has resulted in a spacious, welcoming and open retail space which has numerous advantages.
The premises are one of the most sought after in the locality due to the huge volume of passing traffic as well as local footfall.
The current owners have reluctantly decided to retire from the business having worked very hard to build this fantastic opportunity.
The potential for growth is immense with opportunity to expand the convenience store side of the business to include an off license as well as increasing the opening hours beyond the current 6-5.30pm Mon-Sat.
We would advise that the business is ideal for a partnership of family operation who can maximise working hours and increase margins.
This will sell quickly and we advise an early viewing.

Location

Property

Annual Rent
£15,000
Annual Rates
£6,700
Lease Term (Years)
TBC
Lease Expiry (Year)
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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