Retail premises for sale in Post Offices DL16, County Durham, £220,000

220,000.00

Offer Nr.:
62775492
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Ernest Wilson
Phone(s):
0113 482 9940

* Leasehold
* Densely populated area within this town centre
* Gross profit margins of over 50%
* Retirement sale
* Highly recommended
Sub post office greeting cards, stationery and gifts in County Durham for
Sale.
This is a genuinely rare opportunity to acquire one of the country’s premier,
mains Post Office and greetings cards business which benefits from impressive
post office remuneration expected to be £155, 000 in addition to an equally
impressive income from the sale of greeting cards, gifts and stationary.
Weekly Retail Turnover £3, 800 to £4, 000. The business occupies a prime trading
position situated in this bustling shopping development with customer car
parking - densely populated area within this town centre which is just seven
miles from the historic Town of Durham and with Teasdale, (large parts of
which are in the North Pennines area of outstanding natural beauty) within
easy reach. This is without doubt is the most lucrative Post Office seen for a
very long time, working on superb gross profit margins of over 50% on private
sales. Both the weekly turnover and Post Office remuneration have shown recent
growth with the average, monthly, post office remuneration being £14, 844 for
the six months April to September 2022. This is a prestigious, market leading
Post Office which this agency is proud to bring to the market, showing in
excess of £68, 000 adjusted net profits for the financial year ended 2022
whilst run almost entirely by staff (our client only works in the business as
a relief when staff are away on annual leave / absence and during December),
which offers a new owner huge potential to make additional savings. Retirement
sale - highly recommended. The premises are held on lease with very sensible
rent and comprise: Spacious, professionally fitted walk round sales shop
offering superb card and gift displays with additional services such as coffee
machine, photo copying and photo booth. The Post Office department is modern
consisting of four open positions and one fortress counter plus a combi till
at the greeting card department. Office / staff, Toilet and wash hand basin.
EPC Band B.

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