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#Business ID: 18511

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West London Post Office And Convenience Store

Business Location: Horn Lane, London, England

Asking Price: £ 80,000 Revenue: not disclosed Cash Flow: not disclosed

Business Summary

 ADVISED POST OFFICE SALARY FOR Y/E 2010 £38,000
 ADVISED AVERAGE GROSS WEEKLY SALES £3,500
 ADVISED AVERAGE WEEKLY COMMISSION SALES £3,900
 TOTAL TRADING SPACE CIRCA 350 SQ/FT (32 SQ M)
 SITUATED ON A MAIN ROAD LOCATION
 BENEFITS FROM HIGH LEVEL OF DAILY FOOTFALL

Description: The business currently holds Oyster, alcohol and cigarette licenses. There are a variety of product lines on offer which include chilled drinks, stationary, pet foods, household items, toiletries and general goods. The property is fitted with three single upright drinks chillers, one double upright drinks chiller, shutters and a six camera CCTV system.

The Business: The Post Office and Convenience store has been established for more than 30 years. Our client acquired the business in 2002 and has become very well established within the surrounding area. The Post Office closes at 5.30pm weekdays, the convenience store cashier desk operates as a third out of hours Post Office cashier allowing all Post Office transactions to continue until closing. The Post Office is situated along a parade of shops which have a varied mix of retailers either side of Horn Lane. Acton main line Railway station and Acton Underground station are located close by seeing a high level of daily footfall and benefits from a good number of Oyster sales.

Internal: Trading area approx 350Sq/Ft (32 Sq M)

External: There are no external areas included within the lease.

Terms & Tenure: A 14 year lease is available which commenced in 2000 with an annual rent passing of £8,500 with five yearly rent reviews.

Premium: A premium of £80,000 sought.

Trading: Advised gross weekly sales of the business are £3,500.

Information: Full trading information will be available after a formal viewing has been conducted.

Business Rates: TBC. Interested parties should make their own enquires via the Local Authority or Valuation Office www.voa.gov.uk. Claridges cannot guarantee any figures.

Reference Charge: Claridges charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are
accepted or not by the Landlord.

Property Details

Size:

350Sq/Ft (32 Sq M)

Property Type:

Lease

Other Business Details

Business Location:

Situated on Horn Lane (A4000) which serves as a main road to connect to Acton and is a high footfall area. Located within close proximity to Acton Main Line Rail Station and Acton Underground Station located on the Central Line. Horn Lane, London W3

Business Operation Details

Employees:

The Post Office is operated by one full time Postmaster, two full time employees working within the convenience store and one working owner.

Trading Hours:

Post Office Monday – Friday 9.00am – 5.30pm Saturday 9.00am – 12.30pm Convenience Store Monday – Saturday 7.00am – 8.00pm The Post Office and Convenience Store does not open on Sundays.

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