Sold

Busy Newsagents and Post Office

Dartford, Kent

£47,000 +SAV

Ref: 13731 J

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Description

Hilton Smythe welcomes to the market KK News.

The Post Office is currently salaried but will be offered to any new buyer on a commissioned basis scheme to be around £21000 on current sales levels.

The retail area offers newspapers, magazines, confectionery, cigarettes, cold drinks, greeting cards, stationery and toys.

Benefits of purchase: -

The Post Office have offered a £10,000 refit programme to combine the 2 x separate counters
The purchaser may be able to increase the PO investment to include new shop equipment
Newsagents side of business provides on average £5k weekly sales
Very low rent of just £98 per week.
Retail sales easily increased by re modelling shop, adding more chillers and increasing current lines and stock levels
News sheet sales generate income around £1600-£1800 per week, with 6 delivery rounds.

Tenure

Leasehold

We are advised Leasehold.
The original lease length is 15 years.
As of 2017 4 years remain on the lease.
Rent review every 5 years.

Dartford Council is landlord, rent is only £5000 per year.

Hours

The business opens 7 days a week
Monday to Friday 6.00am – 5.30pm
Saturday 6.00am – 2.00pm
Sunday 7.00am – 1.00pm

Staff

This is a family run business with the assistance of 1 full time Post Office staff member.

Financial Profile

The Post Office currently salaried but will be offered to any new buyer on the commissioned scheme to be around £21000 on current sales levels.

The business reports turnover in the region of £227,600 with gross profit at circa 16% as per the 2016 accounts.

Location

The business is located around 4 miles from Dartford, Kent.

This community post office and newsagents is ideally located within a large residential estate, across from 2 local schools and library bringing good footfall to the area.

The business benefits from free parking outside

Premises

Right retail area-

Central gondolier unit for grocery items, household goods
Right side for magazine racking and newspapers and stationery
Pick and mix unit, photocopier, glass topped ice cream freezer
Rear service counter - till point, confectionery display, cigarette gantry.

Left area -
3 x glass fronted drinks chillers
Central gondolier for toys and kid’s gifts
Greeting cards unit
Postage envelopes and wrapping
Freestanding toy display unit
Fixed post office counter with 3 x positions

To the rear
Stock room fully shelved floor to ceiling, staff toilet, access to rear delivery area.

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