Business for Sale in England SPACIOUS POST OFFICE & NEWSAGENTS WITH A LARGE SELECTION OF CARDS, GIFTS AND STATIONERY

Leasehold Price £150,000

Key Information

Reference
ST35157Z
Tenure
Leasehold
Status
For Sale
Region
England
Sector
Post Offices
Annual Sales
£370,000.00 Exc. VAT
Accommodation
No

Business Information

Located in a large and very pleasant residential district to the east of Maidstone in Kent, the business forms part of a shopping centre containing a Tesco supermarket, Lloyds pharmacy, dry cleaners and estate agents along with a medical centre, public house and local community centre. In fact, this is an area with much new development including primary and secondary schools, offices, sheltered housing, care homes and major housebuilding schemes.

The shop is a sizeable commercial unit of approximately 1,800sqft comprising a spacious retail zone, useful storage area and a private office. It has the benefit of dual access both from the main shopping area and also from its own car park. In addition to the generous amount of customer parking, there is also a designated area for staff parking to the side of the property. Please note that the business is being sold as a “lock-up” shop, i.e. there is no residential accommodation included.

The well-established business has great support from the local community and has been under the same ownership for the last 30 years. The shop sells an extensive range of items including newspapers, magazines, sweets, snacks and soft drinks, cigarettes and tobacco, a large selection of greetings cards, gifts and stationery, helium balloons, gift wrap, picture frames and wool. There are two post office counters along with full National Lottery facilities and a key cutting service.

The shop opening hours are Monday to Saturday 6.00am – 5.30pm and Sunday 6.00am – 11.00am. Accounts for the year ended 30th June 2020 show total retail sales of £377,029, a post office income of £46,682 and a gross profit of £199,679. All figures exclude VAT. The current rent is £33,250 per annum (plus a variable service charge), and we understand that a new 10-year lease will be available to new owners of the business on terms to be agreed.

Clearly, this is already a successful and profitable business but there is still great potential to increase sales, perhaps by extending the opening hours or by developing the range of products and services available. The post office along with the close proximity to Tesco and the medical centre ensures a high footfall throughout the year and the size of the shop certainly allows great scope, for example to increase the selection of gifts/toys and offer additional office services or picture framing.

LEASEHOLD £150,000   REF: ST35157Z

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