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Post Office for sale

Priorswood Place, Taunton, Somerset, TA2

Fixed Price £59,000

Property Description

Commercial information

  • Business for sale

Key features

  • Excellent sub post office with added sales from stationery products and greetings cards
  • P.O. commission in excess 60k, EBITDA excess of 30k
  • Small shopping centre location serving a large area
  • Sale to include all fixtures and fittings and assets with scope to expand

Full description

Tenure: Leasehold

This is a perfect opportunity to purchase an extremely profitable, lock up sub post office located close to Taunton Town Centre. Located in Priorswood, TA2, Priorswood Post Office is a dedicated post office who supply all aspects of postal services including car tax, passport check and send service, currencies and a whole host of stationery and card services with year round trade and a low annual rental.

Located in the Priorswood Shopping Centre, 5 minutes' drive from Taunton Town Centre, the post office serves the local community, and some major large employers in the area. It is situated close to the main car dealers in Taunton, which has a high population and excellent school ratings. This represents an ideal opportunity for either an experienced postmaster or an entry level candidate.

Priorswood Post Office is privately owned and is only offered for sale due to retirement of the vendors. Current turnover totals 78,000 of which just over 65,000 is post office commission, the remaining being obtained by sales of its other goods. The post office generates a very healthy profit of some 30,000+ and is a local authority, easy in easy out lease.

The business boasts additional services such as currency and travel insurance, greeting cards, staionery, wool, haberdashery and other paper associated products that one would find in a major high street post office. The post office is an agent for the National Lottery. It is also a higher prize payout office.

The current vendors purchased the business 10 years ago and in 2014 underwent total refurbishment. The post office now offers 4 serving positions, 2 of which are fortress. The site has been known as a post office for over 24 years. The site has ample parking in the shopping centre and easy access for disabled people.

The post office offers a whole host of counter services including vehicle tax, travel services including insurances and currency services, passport checking service and Parcelforce. The post office also offers a huge selection of additional goods within the general shop area which could be expanded upon.

This is a perfect opportunity to acquire this business with growth potential, two income streams one being post office commission and one being sales generated, and minimal rent. Due to the location and scope viewing is strongly recommended as demand is expected to be high

Currently shop sales average 12,000 per year approximately. (Without post office sales)

Annual PO income equates to approximately to 65,000 of commission (2016)

Current records and accounts can be inspected when viewing.

Monday - Tuesday- Friday 08:30 - 17:30
Wednesday- Thursday 09:00 - 17:30
Saturday 09:00 - 13:00
Sunday Closed

Operated by the vendors with 4 part time staff. Staff contracted hours range from 11.5 to 20 hours per week.

Priorswood Post Office occupies a prominent corner position upon the Priorswood Shopping Centre, Priorswood in Taunton.

A large and spacious lock up to which full ground floor renovations have been completed in 2014 bringing this post office into the modern day. There are a total of 4 counters which incorporate 2 fortress posts and 2 open plan counter areas.

A large spacious display area is offered on the open plan area for customers, scope here exists for the area to diversify and offer additional products subject to post office approval.

There is a small kitchenette to the rear of the fortress area and a separate staff toilet. A rear door allows access to a single garage which is also included within the lease. Additionally the fortress area contains the safe, which is to be included within the sale
The unit is currently owned by the local authority. No business rates are payable and current rental is 390 per calendar month.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

There is no residential accommodation for owners/management available.

We are advised that the property is leasehold.
We are advised that the property is held on a lease which commenced in 2006. The annual rent currently paid is 4,680.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Priorswood Post Office represents an ideal opportunity for a seasoned business owner to acquire a business in a unique position with exceptionally low rent and offering excellent scope to develop further, it can also be considered as an excellent, profitable starter or first time business.
The business represents an ideal lifestyle and demand is expected to be high, therefore early viewing is a must.

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