For Sale

Busy Post Office

Bolton, Greater Manchester

£134,999 +SAV

Ref: 14561 H

Contact sales negotiator

Aidan Murphy

01204556301

Email Aidan Murphy

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Description

Our client is also selling reference 14562 in Preston.

Hilton Smythe is delighted to introduce to the market Higher Blackburn Road Post Office, Bolton. Our client has successfully been running the business for 13 years and is now looking at a career change.

The business is very well supported by the local community benefiting from a monopoly trading position with unopposed competition in the area, being the only Post Office in a 2.5 mile radius. Additional revenue is derived from general convenience items.

The shop was renovated a few years ago to a high standard and has a great layout with 4 counters.
The range of services currently offered include passport check and send, AEI Dvla checking service, Full On Demand Bureau, and the National Lottery. A photo booth is being installed in January which will also increase revenue.

The owner is currently renting the first floor out which has its own entrance and is accessible through the shop with a lockable internal door. The current tenant is hoping to stay, therefore lowers the rent for the buyer.

We highly recommend early viewing of this long established and well supported business, which comes to the market as our client looks forward to a well-deserved retirement.

Tenure

Leasehold

We are advised the premise is a Leasehold.

The lease term is negotiable with rent of £10,138 (the first floor tenant pays £150 pcm).

The shop further benefits from being rates exempt.

Hours

Current opening hours:

Monday – Friday: 07.00 – 19.00
Saturday: 07.00 – 12.30

Staff

The business is owner managed with the help 2 full time and 1 part time members of staff.

Financial Profile

The business reported a turnover for 2017 of approximately £102,000 with a gross of 71.11%.

Post Office salary £80,119 per annum.
Retail sales £36,804 per annum.

Location

Higher Blackburn Road Post Office is located on Blackburn Road, Bolton.

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 A666 being within easy driving distance of the business, which links to the M60/M61 motorway network.

Premises

The premise is well presented with good signage and the interior is fully equipped to suit the trade.

The retail space has 4 Fortress Counter with 1 Combi and a retail counter with shop EPOS system.

The shop includes:

Cigarette gantry
EPOS till
Slat wall panelling
Central display stand
Card stands
Large drinks fridge
Photocopier
CCTV system
Weighing scales
Ample storage

Back office sink for hand wash and on the first floor WC.

There is a separate entrance for the upstairs flat to the rear. The whole premise is fully secure with shutters.

First floor rental income guaranteed for first 12 months with view to extend.

The shop also has 24hr Police monitored alarm with 24hr recording, CCTV inside and out and metal shutters at the front.

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