Business Summary

• £10,500 PA RENT
• SHOP FULLY REFURBISHED
• SCOPE TO EXPAND REVENUE
• 17 YEAR LEASE
• LOTTERY
• BUILT UP RESIDENTIAL AREA
• ON PARADE OF SHOPS
• £20,000PA POST OFFICE SALARY
• ESTABLISHED, BUSY BUSINESS
• £325 PCM WINDOW DISPLAY INCOME

Description & Location:

The business is situated in busy parade of shops within a densely populated residential area of Chelmsford, and is supported by other local businesses such as Boots, an independent Dental clinic and other well know branded shops. Naturally the Post Office attracts local custom as well as pensioners. The vendor also lets out the window display to a local estate agent bringing in further revenue on a monthly basis, this agreement is also on a 12 month contract. The owner offers additional services like photo booths and a small amount of shop sales help the current turnover.

The Premises:

Spacious single fronted shop with glazed door entrance. The shop has been fully refurbished and has a brand new suspended ceiling with concealed lighting and ceiling fan. Cream post office slat boards fitted to each of the main internal walls. A further counter area is also fully refurbished The shop currently provides a small amount of stock including greeting cards and stationary, allowing for any new owner to maximize sales with a variety of stock and expansion. Towards to rear of the shop is the Post Office counter with anti-bandit screen plus security door to side. The counter provides 3 counter stations each fully equipped with electronic postal systems and fitted lockable cash tills under. A variety of shelving plus two safes etc.

The Post Office provides Car Tax, Foreign Exchange etc.

To the side of the Post Office is the area yet to be fitted which provides customer services including photocopying, faxing etc.

To the rear of the shop is a wide store room, with ample space for stock and fitted with shelving. From this room there is access to:-

Staff washroom – WC and wash hand basin

Tenure:

This is a LEASEHOLD purchase with 17 years remaining unexpired at a rental of £10,500 pa.

Turnover:

We are informed that the sales side of the business currently has a turnover of £6,000 pa, offering huge potential to make full use of the fully refurbished shop and maximize income from this exceptionally busy post office.

The Post Office salary is currently £20,000 pa. (Based on working minimum hours of 9:00am – 5:30pm, Monday to Friday and 9:00am to 13:00pm on Saturday). However we understand that with the new Post Office contact the working hours are not restricted meaning that any prospective purchaser could open the post office for as many hours as they would like to, which would naturally increase the Post Office salary.

The window display income is £3,900pa

Business Rates:

£2,208 – Per Annum

Staff:

The business is currently run by the owner and his wife.

Trading Hours:

Monday-Friday 09:00 – 17:30
Saturday 09:00 – 13:00

Legal Costs:

Incoming tenant to pay their own legal costs and 50% of Freeholders Legal’s.
Price:

We are instructed by our Vendor Client to offer this truly genuine business for sale at a very realistic price of £29,995 to include the goodwill, remainder of the lease and impressive, comprehensive fixtures and fittings, stock to be purchased at valuation.

Terms:

Each party, Vendor and Purchaser are responsible for their own legal fees plus a 50/50 split on any of the Landlords legal costs.

Property Details