For Sale

Excellent Family Run Post Office / Convenience Store

Huddersfield, West Yorkshire

£54,995 +SAV

Ref: 14739 J

Contact sales negotiator

James Cunliffe

01204 556 300

Email James Cunliffe

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Description

Hilton Smythe welcomes to the market the busy and well established Premier Essentials.

This excellent family business has been owned by our clients for 20 years. It is well established with many repeat and loyal customers. It also attracts a high volume of passing custom.

The large store provides a full post office service (except DVLA) and sells wine, beers, newspapers, magazines, cigarettes, ice cream, confectionery, biscuits, frozen goods, groceries, cold drinks, stationery, chilled dairy products, greeting cards and sundry items.

It also runs a full lottery, parcel delivery and ATM service and provides for 4 newspaper rounds.

The fittings and décor are of a good standard. The business has the potential to expand further through extending the alcohol range and hours and increasing newspaper deliveries.

Our clients are reluctantly selling to retire.

This is a tremendous opportunity for a family to buy and develop a well established and profitable local post office, off licence, convenience store and newsagents in a lovely location.

The asking price has been substantially reduced to effect an early sale.

Tenure

Leasehold

Our clients are prepared to grant a new Lease on terms to be agreed.

Our clients are looking for a rent of £200 per week.

Hours

6 am to 9 pm Tuesday to Saturday
6 am to 7 pm Sunday and Monday

Staff

The business is run by the owners and family.

Financial Profile

We are advised that the current annual Post Office Commission is £14,000
The annual turnover for the store is currently £360,000 approx with a GP of 25%.

In addition, commissions are received from PayZone, Hermes and the National Lottery.
The adjusted net profit is advised to be £50,000 pa approx.

Location

This long established post office, convenience store, off licence and newsagents is located in the semi rural village of Skelmanthorpe on the outskirts of Huddersfield in West Yorkshire.

The shop and premises are located in the middle of the village serving a large residential area. The business is on a major route to the motorway network.

There is no immediate competition and benefits from a free car parking to the front as well as owner parking on site.

The shop is well signed and very noticeable to the large volumes of passing traffic and footfall.

Premises

There is private pavement car parking for up to 5 customers in front.
Automatic swing doors provide access to a large L shaped shop.
The service counter and till and a 2 station post office is to the left.
There is high quality shelving, floor and wall units throughout the shop.
A stock room is to the rear.

The sale includes, counters, till, cigarette cupboard, display units, freezers, alcohol and soft drink coolers and fridges. A full inventory will be provided on sale.

Our client values these assets at approx £25,000.

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