Hilton Smythe is delighted to offer this well established, thriving and profitable Post Office & General store to the market. Established since 1980 and owned by our client since 1997, the business available to purchase due to our clients wish to retire.
Our client has built up an enviable reputation over the years and as such the business benefits from much repeat local trade in both the Post Office and Convenience Store aspect. The business reports a generous turnover of £244,000 with a gross profit of circa 23% as per 2016 accounts. In addition to a post office salary of £25,000 per annum.
In addition to the expected Post Office services, the business generates a healthy turnover by the retailing of many general convenience items such as groceries, confectionery, greetings cards, frozen foods, newspapers, magazines, cigarettes and alcohol. The business also offers both National Lottery and The Heath Lottery services.
The post office and store is very well laid out with products clearly displayed and benefits from brand new flooring and low energy lighting and has been recently decorated to a good standard.
Trade could be further improved by the introduction of longer opening hours.
This is a truly rare opportunity to acquire a flawless, turn-key concern and therefore early viewing must come highly recommended.
TENUREThe business is offered for sale on a leasehold basis, with the terms of a lease to be negotiated and agreed with our client
Rent is £500 pcm.
HOURSThe business currently observes the following opening times:
Shop: Monday -Friday 6.30am - 8pm, Saturday 6.30am - 8pm, Sunday 7.30am - 4.00pm
Post Office: Monday - Friday 9am - 5.30pm, Saturday 9am - 12.30pm
STAFFThe business is currently managed and operated by our client, with the assistance of 5 paper delivery boys/girls
FINANCIAL PROFILEThe business currently enjoys a healthy turnover of circa £244,000 as per 2016 accounts from shop sales, along with a post office salary of £25,000 per annum. Further financial details available upon request.
Tickton Post Office & General Store is located in the idyllic village of Tickton, near Beverley, East Yorkshire.
The business is centrally located on Main Street within the village and enjoys its prominent trading position with other nearby amenities such as a primary school, a hotel and a public house in the vicinity.
Free street parking immediately at the front of the premises enhances passing trade. Tickton is located approximately two miles away from the larger town of Beverley which is easily accessible from York and Hull via the A1709.
The business occupies a well fitted and spacious double fronted ground-floor retail premises.
To the front of the premises is the retail area complete with serving counter, shelving, display racks, coolers, 4 freezers, till system, air conditioning and a cash machine, with a separate Post Office counter to the rear.
The premises are generally well maintained and aesthetically pleasing.