Busy Post Office in Good Trading Location

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.

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Hours

Current opening hours: -

09.00 – 17.30 Mon - Fri
09.00 – 12.30 Sat.

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Staff

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

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Financial Profile

The business reports a turnover on sales for 2016-2017 of approximately £40,000

The post office salary is £60,000pa.