Hilton Smythe is delighted to introduce to the market Station Road Post Office. The business has been serving the community since the 1950's with our client successfully running the business since inception in 2012.
The business is also a very well stocked convenience store, with the business reporting a healthy turnover of £185,000 per annum with a gross profit of circa 20%. In addition the business receives a post office salary of £37,000 per annum.
The store is a good size offering a 3 position post office counter and good sized retail space for the convenience items. We are advised that the business has recently benefitted from a refit costing in the region of £80,000, perfect for the new owner to walk in and start immediate trading.
In addition there is a well presented two double bedroom living accommodation with garden, ideal as owner's accommodation or equally let out to generate additional income. We are advised that there is planning place in situ to extend to the side of the building which will increase the upstairs living space by at least two rooms and double the size of the retail area.
We highly recommend viewing of this turn key business venture with huge potential for future growth.
TENUREWe are advised freehold.
HOURSThe business opens:-
Monday to Friday 7.30am - 6.00pm
Saturday 9.00am - 6.00pm
Sunday 9.00am - 2.00pm
STAFFThe business is owner run and managed with the assistance of 2 members of staff.
FINANCIAL PROFILEThe business reports a healthy turnover of £185,000 per annum with a gross profit of circa 20%.
In addition the business receives a post office salary of £37,000 per annum.
The business is located in the market town of Sutton-in-Ashfield, Nottinghamshire.
Station Road Post Office is sited within a densely populated area of the town from which the business derives much trade. Station road is a busy commuter road into the town centre and conveniently there is bus stop directly to the front ensuring good passing trade.
Sutton-in-Ashfield boasts its own railway station and is a short distance away from the M1. Nearby towns include Mansfield, Kirkby in Ashfield and Ravenshead.
Double fronted detached premise briefly comprising:-
Retail area with serving area housing Epos till system located to the right, cigarette gantry behind, Lottery and open post office counter.
Three well stocked aisles, perimeter shelving, upright six door fridge unit, chest freezer and an upright freezer. To the rear of the store is the main 3 position post office area, one being a secure post.
Door at the back that leads to the office area, toilet facilities, kitchen area and storage. A passage way leads you to the back garden and also stairs leading to the upstairs living space.
The garden area is well maintained and is gated off with a driveway area. This is also gated off which would be perfect if renting the upstairs out separately. There is also a parking space at the front of the store.
The living area has separate access and could be separated and independent to the store as there is an external stair case and entrance.
Large hallway with built in storage cupboards, leading to a well maintained and large kitchen, a large and plush bathroom with corner bath and shower. Two very large double rooms (one with built in wardrobe) and a living room/diner all well decorated and ready to live in.
Upright fridge - 6 door
CCTV - 16 cameras
Epos till system
Window LED sign
The business benefits from a full alarm system, shutters and CCTV.