Prime Post Office Investment Opportunity in West Bromwich Town Centre
West Bromwich, West Midlands
- Status
UNDER OFFER
- Date Submitted:
07/05/24
- Advert ID
610939
- Reference
CS023WBPO / Rightbiz
- Call Agent:
- Leasehold: £159,950
- Rent: £23,000
- Turnover: £144,000 (£2,769 Per week)
- Net Profit: On request
Key Features
- Attractive Business
- Ideal for Full Refurbishment
- Established Business
- Price Further Reduced
- Adjacent to Multiple Retailers
- High Turnover
- Potential for Alternative Use
- Town Centre location
- Close to Local Amenities
- Fully Fitted
- Unique Business
- Prime Location
- Accounts Available
- Price Reduced
- Retirement Sale
Business Details
Prime Post Office Opportunity in Town Centre
Prime Post Office Opportunity in Town Centre
Overview:
Discover a lucrative investment opportunity with Mailbox Estates' well-presented town centre Post Office, boasting a high remuneration of £110,000 per annum. Situated in a bustling location with excellent pedestrian foot flows, this long-standing Post Office offers immense potential for growth and profitability.
Key Features:
- Town Centre Location: Enjoy the advantages of a prime location with maximum visibility and foot traffic.
- Extendible Trade Hours: Ideal for maximizing profits and catering to varying customer needs.
- Lucrative Salary: Earn £110,000 per annum and rising from the bustling footfall, ensuring a steady income stream.
- Internal Setup: Spacious ground floor sales area spanning approximately 156 sq. metres (1,600 Sq. ft.), equipped with five Post Office counters, including 2 fortress counters, 2 open counters, and 1 retail counter. Additional facilities include a stock room, kitchen, and W.C.
- Turnover: Benefit from an annual Post Office remuneration of £110,000, complemented by weekly retail sales averaging £700 with high margins. Additional commission earnings from National Lottery (£100 per month on average) and photobooth (£500 per month on average) further enhance revenue streams.
- Convenient Trading Hours: Open Monday to Saturday with strategic trading hours catering to customer demand.
- Experienced Staff: Operated by a dedicated husband and wife team supported by three part-time staff members.
- Tenure: Secure the site via the assignment of the existing lease until 2034, with an option to renew. Enjoy stable rent at £23,000 per annum since 2014.
- Fixtures and Fittings: Well-fitted business premises featuring essential equipment, including a double door Coca Cola fridge, shelving for stationary items, card stand, CCTV, and lottery display units.
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- Trading Information: Full accounts and Post Office remuneration details available to serious inquiries post viewing.
- Viewing Arrangements: Early viewing recommended to seize this exceptional opportunity. Discreet customer visits are encouraged; direct approaches to the vendor or staff are strictly prohibited.
- Business Rates: Enquire with relevant local authorities for confirmation of payable rates.
- Deposits: Successful applicants required to pay a non-refundable deposit to secure the opportunity.
- Regulatory Considerations: Transfer of Post Office appointment subject to the discretion of the Post Office Network.
- Legal Costs: Each party responsible for their own legal costs. Vendor and buyer share responsibility for landlord's legal fees, payable equally.
Contact:
For further information and to schedule a viewing, contact Mailbox Estates today. Don't miss out on this exceptional investment prospect!
Contact Agent
Listing Statistics
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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