For Sale

Busy Post Office in Good Trading Location

Blackburn, Lancashire

£99,999 +SAV

Ref: 14683 I

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Hilton Smythe are delighted to introduce to the market Great Harwood Sub Post Office. The post
office was established over 20 years ago and was previously a sorting office. Our client has successfully been running the business for a year and is now looking to acquire a post office closer to home as he is currently travelling too much.

The business is very well supported by the local community benefiting from a monopoly trading position. The Post Office generates a very healthy turnover of £40,000 per annum with a gross profit of £36,000. Additional revenue is derived from general convenience items.

The Shop was refitted last year and has a great layout with 3 counters. The range of services currently offered include Euro & Dollars On Demand Bureau, road tax, passport check and send.

Great Harwood Post office is the only post office within a 2.8mile radius, the current post office salary is £60,000pa

The Post Office also has an external ATM generating an income of £300 each month.

We highly recommend early viewing of this established and well supported business. Our Client has experience in running post offices and is happy to offer a handover to ensure the continued success of the business.

Tenure

Leasehold

We are advised the premises is leasehold with 9 years remaining on current lease.

Annual rent of £8,000.

The shop further benefits from being rates exempt.

Hours

09.00 – 17.30 Mon - Fri
09.00 – 12.30 Sat.

Staff

The business is owner managed with 1 full time and 1 part time staff members.

Financial Profile

The business reports a turnover on sales for 2016-2017 of approximately £40,000
The post office salary is £60,000pa.



Location

The business is located on Glebe Road, Great Harwood nr Blackburn, Lancashire.

The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.
The area is also well served by the A-roads, with the A680 being within easy driving distance of the business, which links to the M65 motorway network.

Premises

The Post Office is situated in a prime location with a large free carpark to the side. The premises are well presented with good signage and the interior is fully equipped to suit the trade.

The Shop includes: -

3 cashier counters with tills and card readers
Slat wall panelling
Card stands
Photocopier
Weighing scales
Ample storage shelving

To the rear of the shop is a wc, kitchen area and storage room with a desk

The premises is secured with street CCTV and a full alarm system connected to the police.

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