Prime Village Location | Time Served Business | Annual Turnover Circa £105,000ID: 2592
Sovereign Business Transfer takes great delight in offering for sale this extremely attractive and highly profitable village Post Office and convenience store, which is situated in an unopposed trading position, in the highly desirable and affluent village of Ravenfield and close to the M1 and M18 motorway network.
A long established Post Office which has been in our client’s careful ownership for the past 6 years and is now reluctantly being placed on the market because of pending retirement.
The business is owner operated, employing 4 x part time staff which results in a wage bill of approximately £775 per week. The main source of income is derived from retail sales, of approximately £4,200 per week with a high gross profit margin of 20% and further supplemented by a good Post Office salary of £32,000.
Due to its unique unopposed trading position, there is enormous potential here to introduce new lines e.g. lottery, sandwiches and off licence and to extend the opening hours, which would help increase turnover and profitability.
Our clients would be prepared to give assistance to any new purchasers in the transitional change over period and help out with holiday relief if required.
The business and property is for sale with a freehold asking price of £420,000.00+SAV.