Main Post Office in Nottinghamshire For Sale

Situated in a parade, town centre, NOTTINGHAMSHIRE

Turnover £ 120
Post Office £ 55,000
Price £40,000

Features

Stationery, Greeting Cards with Main Post office

SINGLE FRONTED SHOP PREMISES in the region of 350 sq. ft. area with vinyl floor, suspended ceiling with LED lighting. The equipment includes 6 greeting card display stands with drawers under, photo booth (on lease agreement to be transferred £249 pcm including insurance. Approximately 4 years remaining). Post Office counter with anti-bandit screen (3 positions) etc.

First floor stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £120 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 45%. We further understand that the post office income is currently in the region of £55,000 p.a.

Staff

At present staff operated. 1 full time & 2 part time staff employed

Trading Hours

Monday - Saturday inclusive - 9 a.m. - 5.30 p.m.
NO SUNDAY TRADING

Tenure

We understand the premises are held on a secure renewable 15 year lease commencing 14.12.15, the present lease having approximately 9 years unexpired at a rental of £12,600 p.a. inclusive of VAT for the next 4 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates currently £3,500 p.a. approx. (should be reduced with small business relief)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION (£3,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 20,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote