Financial Details
Asking price: £490,000
Sales revenue: £171,132
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
Advent Business Sales is delighted to have been instructed to offer to the market this extremely well established freehold post office and convenience store, with a first floor apartment, which has been trading successfully for over 40 years.

The current vendor has been in ownership for almost 15 years and has only now reluctantly decided to sell as she plans to retire.

The post office has been guaranteed continuance and is in the fortunate position that it is monopolistic to the area.

The business is a traditional post office and runs the convenience store along the usual lines, selling news and magazines, greetings cards and gift wrap, frozen foods, general household goods and groceries, dairy products, soft drinks, confectionery, cigarettes and tobacco, stationery, sandwiches and compost and seasonal bedding plants.

The business also has a faxing and photocopying facility, accepts paypoint with a monthly turnover of circa £1500 and earns a salary from the post office of approximately £30,000 per annum.

The post office has been approved for the lottery and are currently waiting to have the terminal installed.

We are advised that stock at cost is approximately £8,000.

REF: 8904GL
General Information
Employees:Our client works full time in the business with the assistance of a full time employee and 5 part timers who work for approximately 60 hours per week in total.
Trading hours:7 Days a Week
Property:Freehold
Lease terms:TENURE: Freehold or Leasehold Original lease: 15 years Remaining lease: 15 years Review every: 3 years Rent: £20,000 per annum excluding apartment. We are advised that the annual business rates are currently: £500
Living accomodation:BUSINESS PREMISES Ground Floor • Side entry door with window cards for sale display • News and magazines racking, ice cream freezer, good greeting cards selection • 2 single door chillers, • 1.5 metre open chiller, central gondola • rear counter with till by a single station post office • rear office • kitchen and w/c • back exit to integral garage with a chest freezer First Floor; Private first floor apartment briefly comprising of: • Lounge • Kitchen • Bathroom • Two double bedrooms • Conservatory The apartment is fully double glazed and has gas central heating. It is also alarmed separately to the post office. It has its own entrance.. The business has the added security of having a Red Care alarm system and CCTV with 3 cameras. The business is offered on a freehold and a leasehold basis.
Location:Our client is conveniently located in the centre of a residential area of Gloucester. It is situated on a busy through road with a large industrial estate approximately ½ mile on the same road.

The Post Office has its own car park, which has 4 spaces, and additional parking is available free of charge in the nearby streets.

Nearby towns include Tewkesbury, Cheltenham and Stroud which are all accessed by the M5 motorway which is only approximately 10 minutes away.
Expansion potential:Our client has been content with the profits earned and has not made the most of the excellent potential available in the business. 1. The shop could stay open later in the evenings especially at the weekends 2. By having an alcohol licence trade could be increased significantly 3. The shop could offer a newspaper home delivery service, which would bring extra customers into the shop
Financing available:Please let us know if you require finance for the purchase of a business.
Related documents:PDF document iconSales Particulars

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