Status: For Sale
Tenure: Freehold
Turnover: £298,156
Freehold Post Office/Newsagents Two Flats IncludedFreehold Post Office/Newsagents Two Flats IncludedFreehold Post Office/Newsagents Two Flats IncludedFreehold Post Office/Newsagents Two Flats IncludedFreehold Post Office/Newsagents Two Flats Included
£275,000 + SAV

Freehold Post Office/Newsagents Two Flats Included

For Sale
  • Reference: 13809 F
  • Location: Alfreton, Derbyshire
There has been a newsagents come general store on this site since 1902; although the current owner has been running the business successfully for the last 12 years and is reluctantly selling only due to his wish to pursue other interests.

The business is well known and well regarded locally and really is the heart of the community with many of the customers being known to the owner on a first name basis.
It is a lovely vibrant store with masses of existing and regular customers.

The business sells magazines, papers, tobacco products, wine, beers and spirits, general groceries along with fresh fruit and vegetables. The business also includes a 'local' post office.

Room for improvement:

Website to extol products and services provided.
Extend the opening hours particularly to later in the evenings.
Advertising and marketing campaign.
Maximise the use of social media.
Consider introducing a loyalty scheme/card.
Offer a delivery service, many older customers locally who would benefit.

TENURE

We are advised Freehold.

There are no business rates currently payable.

HOURS

Monday to Friday 5.30am to 6pm
Saturday 6am to 5pm
Sundays 6am to 1pm

STAFF

The business is owner managed with the help of three-part time staff members.

FINANCIAL PROFILE

The business has a turnover of approximately £280,000 per annum and a Post Office salary of approximately £19,000.

The business has a particularly impressive news bill of approximately £1200 per week.

EXTRA NOTES

Reasons to Buy
Well established business with an enviable reputation for service and pricing with many existing customers who have remained loyal for many years.
Includes fantastic owner's accommodation or immediate rental income.
Real opportunity to increase turnover significantly, current owner has been running at a pace to suit.
The Post Office has seen an upturn in business over the last year and income is likely to increase further.
Priced to sell, any interested parties would be advised to make a viewing at the soonest opportunity to avoid missing out on this lovely business.
Ideal owner managed or husband and wife business.
Alfreton is a town and civil parish in Amber Valley, Derbyshire adjoining the Bolsover and North East Derbyshire districts. Alfreton town centre is a busy urban centre with a number of national chain stores along with independents and charity shops with a large branch Of Tescos.

The area has a heavily used and extensive road network, in particular the arterial A61 and A38, the latter linking to the nearby junction 28 of the M1 motorway. The town has an extensive bus service and the business is a short drive from Alfreton train station.

The business is prominently situated in a main road position and is well signed and benefits from high levels of footfall and passing trade as well as many regular customers. There is free on street parking just around the corner of the business and a further lay by further on down the road.
The business is situated in a Victorian end of terrace property which retains many of the period details, it is double fronted with a pull-out sun blind to the front.

Ground Floor

Shop
Windows to front creating a light airy interior, tiled floor, high ceilings with fluorescent lighting, six camera CCTV system, fruit and veg section, perimeter shelving with a number of central gondolas, magazine racking, free standing Perspex newspaper display, long open dairy chiller, two greeting card racks with drawers beneath for additional stock, free standing, hanging confectionery displays, revolving card carousel, glass topped food freezer, glass topped ice cream freezer, wines and spirits shelving, bespoke counter with till and generous wrapping area with a crisp display beneath.

The business is well stocked, well presented and maintained.

There is a Post office counter behind security screens to the side of the main counter.

To the rear of the Post Office counter is a useful stockroom/office and a door to the rear.

First floor
To the first floor are two extremely well proportioned flats, each with its own entrance.

Flat 1 is a one bedroom flat with a generous double bedroom, kitchen lounge and family bathroom. This flat is rented out for £80 per week but could generate more rental income. At the time of instruction this flat was occupied.

Flat 2
Accessed by a door to the side of the shop front.

Entrance hall
with original Victorian features such as high ceilings with elaborate coving, there is a cupboard housing the gas and electricity meters, stairs lead to the first floor with original balustrading.

Lounge
A particular feature of this flat is the lovely lounge, really good size with twin windows to front and beamed ceilings, feature fire place with electric fire. This room has the potential to be reduced in size and to provide a further generous bed room if required.

Kitchen
Generously proportioned with a range of beech effect base and wall units, window to side, generous runs of work top and ample space for freestanding cooker, fridge, washing machine and dish washer, stainless steel 1 ½ bowl sink and drainer with monobloc tap and tiled splash back.

Family Bathroom
Again, generously proportioned with tiled floor a luxurious corner bath, close coupled toilet and vanity unit with inset sink, there is also a separate shower cubicle with glass doors, window to side

Bedroom 1
Good size double with wood effect laminate flooring, high ceilings, window to front and a TV point.

Bedroom 2
Generous double with window to rear and built in wardrobes.

Exterior
To the rear is a secure yard with two brick built WCs and a side entrance leading to the front of the property. Beyond the yard is an enclosed garden mainly laid to lawn with a patio area and ideal for al fresco dining during the warmer months.

Contact us today for more information

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