Post Office, Card Shop & Stationers in North London For Sale

Situated in a parade, main road trading position, N LONDON

Turnover £ 1,200
Post Office £ 41,500
Price £65,000

Features

Local Post office with Cards, Stationery, Toys, Diy Goods, Party Ware and Lottery

6 DAYS OPENING

DOUBLE FRONTED PREMISES, in the region of 300 ft², WITH ELECTRIC SHUTTERS. Vinyl flooring, suspended ceiling with tube lights, CCTV (10 cameras)

Fortress counter with 2 serving positions and a parcel hatch. Retail sales counter, epos cash register. Photocopying machine, lucrative printing service, modern adjustable shelving, Lottery terminal, card spinners, etc.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,200 p.w. with a Gross profit of 50% approx. POST OFFICE income in the region of £41,500 p.a. approx. Lottery commission received approximately £40 p.w.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 1 part time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 9 am - 5.30 pm
SATURDAY 9 am - 1 pm

Demand and potential for longer opening hours.

Tenure

The vendor owns the freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years lease with reviews every 4 years at a rent of £12,000 p.a. for the first 4 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1999, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£10,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote