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Business for sale in United Kingdom - 8802dn lincolnshire freehold: 270,000 freehold post office

Asking Price: 270,000 £ Real Estate: Ownership
Business for sale – 8802dn lincolnshire freehold: £270,000 freehold post office
Sales Revenue: 7,000 £
Net Profit: 1 £
Year Established: 2003
Employees: 2PT
# of family members employed: 2FT
Location criteria:
United Kingdom/County of Lincolnshire/Lincoln

Business types:

Retail

Business categories:

Other Retail Trade

Business description

Advent Business Sales have been instructed to offer for sale this well established and popular post office. Established for over 40 years, the current vendors have owned the business for the past 4 years and now have decided to sell and make plans for retirement. The business is predominately post office counter trade business. In addition, a good range of greetings and stationery is offered for sale. The vendors have been informed that the business would not be closing as it plays an integral part of the community and supporting documents have been received to this effect. Although the business only offers some retail services the post office remains busy throughout the day. It is very popular for everyday users as the vendors encourage customers to frequent by offering an excellent personal service. The business is staffed by husband and wife team and is assisted by 2 part time employees. The business is a good lifestyle opportunity which benefits from a good post office salary. TRADING HOURS Mon Fri: 9am 5.30pm Sat: 9am 12.30pm EXPANSION POTENTIAL There is excellent potential to grow and expand the business including adding confectionery and cigarettes. Extending the sales area of the store into the ground floor living area could be a further option. The vendors have chose not to pursue the additional aspects of the business as they felt it was not in their interests to do so although any owner could treat this as a blank canvas and explore further sales opportunities. This property must to be seen to be appreciated, equally the living area is also impressive with high decorative and furnishing standards. FINANCIAL INFORMATION We have been advised by the vendor of the following: Post Office Salary: 41,000 Annual sales: 7,000 or 135 pw Gross Profit: 70% Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES A busy and popular post office commanding a corner location on a busy main road in Scunthorpe, comprising of the following: Ground Floor Main retail area for greetings and stationery 2 x post office counters Door to rear of counter leading to hallway Good sized lounge Fully fitted kitchen Separate dining room The house can be accessed independently via a side entrance or through the garden at the rear of the property. First Floor 3 double bedrooms one with en suite facilities Family bathroom Spacious landing The premises is decorated to a very high standard External Parking to the front of the premises for customers Rear landscaped gardens garage and shed Separate access Private parking for 4 vehicles TENURE: Freehold We are advised that the annual business rates are currently: 458 (residential 968) VIEWING Please DO NOT approach the business or its employees without a prior appointment. All appointments are to be made via our office.

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: make plans for retirement.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 0 £
Location: Our client is ideally located on a busy main road within a populated residential area of Scunthorpe less than a mile away from the busy steelworks factory. There are other complimentary businesses in the area including a supermarket, pub, takeaway and retail shops. There are excellent parking facilities including street parking directly in front of post office, as well as private parking for up to 4 vehicles for the owners.

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