Main Post Office plus Card Shop and Stationers in North London For Sale

Situated in a parade, excellent trading position, NORTH LONDON

Turnover £ 1,900
Post Office £ 80,000
Price £175,000

Features

Main Post office Plus Stationery Retail Shop

6 DAYS OPENING

Attractive double fronted sales shop in the region of 945 ft² sales area with tiled floor, suspended ceiling with led lighting. Counter with electric cash register, post office combination counter, greeting card display, upright glass fronted drinks display fridge (on loan from coca cola).

Two position armoured post office fortress counter, with anti-bandit Screen, plus post office combination counter.

Staff cloakroom with w.c. & wash hand basin

small kitchen.

Basement in the region of 220 ft², used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,900 p.w. with a Gross profit of 60% approx.. POST OFFICE income in the region of £80,000 p.a. approx.

Staff

The business is at present operated by the vendor with the assistance of a relative plus 1 part time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 9am - 5.30pm
SATURDAY 9am - 2pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2017 with reviews every 4 years (next review 2025) at a current rent of £22,000 p.a.

** The purchaser is to be responsible for the landlord's costs **

Business Rates from April 2024 £480 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION (£5,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote