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Post Office, Newsagent & Card Shop

(Optional 3 Bed Accommodation)

Gateshead

LEASEHOLD £119,950 (Ref 5730)

UNDER OFFER

Description

A rare opportunity to purchase a very popular and well established Post Office & Convenience Store complete with a currently unexercised alcohol licence. Complete with a Post Office salary £67,000 per annum and a very high net profit return, this shop has great potential to a new owner with the option to introduce alcohol and further increase the sales beyond its current scope.

Business

This very well established business  is situated on a busy road in Gateshead with solid regular customer base and good passing trade and comes with the option to rent the 3 bedroom accommodation above the retail premises.

The ground floor comprises of a well laid out open plan trading area divided into two halves, one with the convenience goods and the second consisting of the Post Office and greetings cards. Ancillary area includes the stockroom at the back with rear access for deliveries along with kitchen and WC. The shop incorporates modern fixtures & fittings with modern shelving units, tiled floor and features CCTV and an external cash machine.

The business is currently operated by the owner and 6 members of staff. The current owner is looking to lease out the business on a 15 to 20 year term.

Accommodation

Please contact us for more information on the 3 bedroom accommodation.

Shop Dimensions

Trading Area 100.2 m² (1,079 ft²)
Stockroom Area 17.1 m² (184 ft²) with rear access

Financial Information

Leasehold Price
£119,950

Weekly Sales
£11,500

Post Office Salary
£65,000

Business Annual Rent
£16,000

Accommodation Annual Rent
£5,700

Business Rates
Current rateable value £5,300
(Business rates relief available please see below *)

Fixtures & Fittings
£15,000

Accounts Available
3 years

Annual Net Profit
Available on Request

Gross Profit Margin
21 %

* ( Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) Click here for more information

Further Details

Premises Licence
The premises has a licence to sell alcohol 

Employees
4 contracted and 2 non contracted 

Commissions on Services Annual
£15,600

Stock Value Estimated
£22,500

Trading Hours
Monday – Saturday 5:00 am – 7:30 pm
Sunday 6:00 am – 1:00 pm

Key Features

• Post office salary £67,000

• Premises licence unexercised

• Well established business

• Premises licence unexercised

• External cash machine

Location

The business location is in Gateshead in South Tyneside. The shop is situated on a busy main road with good passing trade within a well populated residential area.

Google Map Location

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Arrange a viewing or contact us for more information

Please call us on 01904 867175 for more information on this or any other business or alternatively fill in our enquiry form below.

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Business Sales Ref 5730