Post Office with Card and Stationary in South London For Sale

Situated in a parade, excellent trading position, EAST LONDON

Turnover £ 800
Post Office £ 128,000
Price £175,000

Features

Sub Post Office with Cards, Stationary, Confectiony, Drinks & Vapes

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 750 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED Panel lights, sales counter, EPOS till plus combi sales counter with EPOS till, cigarette gantry, modern adjustable shelving, 2 x drinks display fridge (glass fronted upright double-door), CCTV system (cameras, 1 monitor)

Post office counter (2 positions) anti bandit screen.

Staff Toilet with w.c. and wash hand basin.

Kitchen.

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £800 p.w. with a Gross profit of 50% approx.. POST OFFICE income in the region of £128,000 p.a. approx.

Staff

The business is at present operated by the vendor's son with 1 full time staff employed and family support as required.

Trading Hours

6 Day week
MONDAY - FRIDAY 9am - 5.30pm
SATURDAY 9am - 12.30pm

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 2013 with reviews every 4 years (next review 2029) at a current rent of £15,600 p.a.

Business Rates from April 2025 £1,680 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010, 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