Hilton Smythe is delighted to welcome to the market this well-established Sub Post Office and general store in Leeds, West Yorkshire. The business was established in 1965 and has been in our client's careful ownership since 2003. Only now is the business being offered to the market due to our client's desire for a well-deserved retirement. The business is open 6½ days per week and generated a turnover in the region of £128,000 as of the 2016 accounts, with a Post Office salary of £48,000.
The turnover is generated from general post office activities, as well as the sale of general convenience items, alcohol, tobacco products, scratch cards and confectionery. The business also has a Lottery terminal installed, as well as a ATM machine, which both generate further income. We feel the turnover could be increased by extending the lines of goods offered. The business could also have a small marketing campaign to highlight the goods and services offered.
The premises boast a spacious sales area, which is well-equipped to suit the trade and has been fitted to a high standard throughout and is also fitted with an ATM machine. The property also boasts a two bedroomed self-contained flat to the first floor, with its own entrance, which could be used as owners' accommodation or let out to generate further income. We feel this is an excellent opportunity for a new owner to take this thriving a profitable business to the next level; therefore early viewing must come highly recommended.
TENUREWe are advised Freehold.
HOURSThe business is open:
Monday - Saturday: 9.00am - 8.00pm
Sunday: 4.00pm - 8.00pm
STAFFThe business is owner run and managed with 4 x staff members.
FINANCIAL PROFILEThe business generated a turnover in the region of £128,000 per annum, with a Post Office salary £48,000.
Greenthorpe Estate Sub Post Office occupies substantial two-storey premises in Leeds, West Yorkshire. The premises hold a prime trading location on the busy B6154 and benefits from a vast amount of footfall and passing trade. The business is surrounded by a wealth of complimentary shops and businesses, as well as large residential estates, from which the business derives much of its trade. Leeds is a city in West Yorkshire and as of the 2011 census the City had an estimated population of 757,700 residents, making it the third largest city in the United Kingdom.
The area of the property is well served by the public transport system, with several bus stops within easy walking distance of the business. The nearest railway station is Bramley, approximately one mile away. The area is also well served by the A-roads with the A647 in close proximity to the property, which links to the vast A-road and motorway networks. Leeds city centre is just 3½ miles away and boasts shops, theatres and museums, as well as a lively night life, which makes Leeds a popular place in which to live and work. Bradford is approximately 7 miles away and Wakefield is 13½ miles away.
Two-storey, mid-parade premises, briefly comprising:
Main sales and display area with:
Post Office counter.
Racking and shelving to suit trade.
Drinks display refrigerators.
6 metre display chiller cabinet (less than 1 year old and costing £7,000).
Serve over counter with electronic cash register, Lottery terminal, credit/debit card machine, scratch card display and cigarette gantry.
Stock and storage area.
Self-contained flat with:
2 x double bedrooms.
Large landing area.
Rear yard with garage for one vehicle.
Off-street parking to front of premises.