Property Information
Address:
Sheffield, South Yorkshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489494
Property Ref/Agent: 1990-popular-post-office-and-convenience-store
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to introduce to the market Colley Road Post Office and Convenience Store.
Originally founded in 1965 the business has been successfully run and managed by our client's a husband and wife team for over eleven years.
The business is at the heart of this densely populated community and is very well supported by local residents.
We are advised that the takings of the Post Office and salary increase annually, with the current salary at a fantastic 48,000.
The post office provides full DVLA services, a check and send passport service, Bureau de Change and almost all post office services from the 3 position serving counter.
Additional revenue is derived from the convenience store which sells groceries, stationery, cards, drinks, confectionery, frozen food and ices and has the benefit of income generated from full lottery sales and scratch cards.
Additionally, there is an ATM machine on the outside wall.
Although clearly profitable, we believe the business does have potential for further development.
Perhaps, by reorganisation of the internal space or extension of the premises at the side to increase the convenience store and sales area (subject to planning permission and building consent) would be beneficial.
Additional sales items could be introduced such as cigarettes or alcohol to further turnover.
We believe this is an ideal purchase for perhaps a couple/family to continue this prosperous business which genuinely comes to the market as our clients look towards a well deserved retirement.TENUREWe are advised leasehold.
Rent is 6,500 per annum.HOURSThe business opens:-
Monday and Tuesday 8.00am - 6.00pm
Wednesday 8.00am - 7.00pm
Thursday and Friday 8.00am - 6.00pm
Saturday 8.00am - 7.00pm
Sunday closed.STAFFThe business is owner run and managed with the assistance of 3 part time members of staff.FINANCIAL PROFILEThe post office salary is 48,000 per annum.
We are advised that turnover is 36,000 with gross profit at 10,000 per annum.
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