Sold

Post Office Includes Owners Accommodation

Birmingham, West Midlands

£265,000 +SAV

Ref: 13990 G

Share this property
Share

Description

There has been a Post Office on this site for at least 40 years and has been successfully managed by the current owners since 2002 who are reluctantly selling to enjoy a well-earned retirement.

The business is a popular local Post Office with a retail shop. The shop sells greetings cards, wrapping paper, gifts, stationery items, picture frames, items of clothing and books. The business has many regular customers many of whom are known on a first name basis by the popular and respected owners. The Post Office really is the heart of the community and has been so for many years.

The business offers a drop and go service, this is popular with online retailers and allows them to leave parcels at the Post Office, using a loadable card. This area of the business is increasing week on week and will continue to do so as the residential building continues.

Scope to Improve
Review and increase the products stocked in the shop. The business has traded as a sandwich shop in the past and take away food products could be reintroduced.
Advertising and marketing campaign.
Maximise the use of social media.
Extend the opening hours (no restrictions).

Tenure

Freehold

We are advised this is a Freehold sale.

There are no business rates currently payable.

Hours

The business is owner managed with the help of casuals as and when required.

Staff

The business is owner managed with the help of casuals as and when required.

Financial Profile

The business reported a turnover in 2016 of approximately £37,000 with the included Post Office salary being roughly £28,000.

Location

Cofton Hackett is a village and civil parish in the Bromsgrove district of north east Worcestershire, it is 10.3 miles southwest of the city centre of Birmingham and 16 miles north east of Worcester, the village has a population of 1,747.

Cofton Hackett developed from the opening of the Austin motor works at Longbridge in 1905, with the closing of the car factory the area has seen masses of residential building with another 750 private dwellings to be built over the next 12 months which will increase footfall to the business.

Cofton Post Office is ideally situated on the edge of the village fronting a busy main road and sitting alongside other complimentary retail businesses in a small but busy parade. There is free on street parking immediately outside the premises. The business is well signed and immaculately presented and maintained.

Premises

The business occupies an attractive red brick terrace property in a distinctive corner position.

Ground Floor-

Shop
Nicely presented air-conditioned shop with electric shutter externally and disabled ramp to front door, windows to front creating a light airy interior, vinyl flooring, high ceilings, fluorescent lighting with a door leading to the owner’s accommodation.

Equipment includes: -
Ceiling fan
Monitored (by Post Office) alarm system
Bug zapper
Cupboard housing electric meters
Greeting card racking
Mirrored display cabinet
Hanging wall space
Free standing pine effect book stand
Photo Booth
Two counters
Post Office counter with fortress

Kitchen
Nice bright kitchen, window to rear, tiled effect laminate flooring, range of Oak effect base and wall units with marble effect worktops, stainless steel sink and drainer with Monobloc tap, space for dishwasher and washing machine, stainless steel built in oven, Fagor halogen hob with stainless steel extractor above.

Inner Hallway
Door to cloakroom with low level WC and hand wash basin.

Dining Room
An inviting and pleasant room, bay window to rear, radiator, dado rail, feature fire place with wooden mantle and marble effect inset.

First floor-

Lounge
Feature corner fireplace in brick, windows to front, coving to ceiling, pendant lighting and tv point, generously proportioned.

Bedroom One
King size room, windows to front, radiator, coving to ceilings, built in range of wardrobes.

Bedroom Two
Good size double, window to rear, radiator and TV point.

Bedroom Three
Good sized double with window to rear.

Family Bathroom
Fully tiled walls, spot lighting, coving to ceiling, four-piece suite with gold plated fittings.

Hallway
With airing cupboard with a recently replaced hot water tank.

Exterior
To the rear of the property is a lovely sun trap courtyard which in turn leads to a long garden mainly laid to lawn with established planting. At the end of the garden is a double garage with up and over door, power, lights and an inspection pit.

Read some of our helpful guides and blogs

Blogs

10 brilliantly designed restaurants in the UK

7th October 2016

As a Business Brokers, we’ve come across many restaurants all different sizes […]

Blogs

10 ways to advertise your business for free

28th May 2015

Advertising can be expensive, however when you’re just starting out or are […]

Blogs

4 things to consider when you sell a business

4th January 2018

Every major decision requires careful thought and consideration, and very few decisions […]

Blogs

4 ways to attract buyers to your Fish & Chip Shop

19th February 2018

Despite the ever-increasing range of fast food options available to us in […]