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Commercial Property for sale

70 Magna Road - BH11

£115,000

Property Description

Commercial information

  • Business for sale

Key features

  • Profitable sub post office and convenience store in a prime location
  • Turnover 2015 £499,456 including P.O commission £32,000 P.A and growing
  • Located on a busy main route into Bournemouth with exceptionally loyal customers
  • Recently refurbished to high standard, with scope to diversify, potential longer opening hours and diversity in products

Full description

Tenure: Leasehold

DESCRIPTION
This is a rare opportunity to purchase a leasehold business in an excellent location, such as the Bearwood Sub Post Office and Convenience Store.

This is a classic lock up building located on a major main road route, just 15 minutes to the town centre of Bournemouth and boasting all year round trade. The business has an exceptionally loyal client base. with its own parking area.

Located just off the main road, Bearwood Sub Post Office and Convenience Store offers many post office facilities. Located on the edge of Bournemouth, this post office benefits from a recent refit and offers excellent scope for a potential new owner to expand and sell additional goods and services. Bearwood is within easy reach of the A35, A31 and M3 routes, within easy reach of Bournemouth, Southampton and Poole. This post office and store offers an excellent lifestyle purchase.

The post office is a commissioned position and the salary for 2015 was £32,000PA and growing. In addition to this, the vendors offer a full range of convenience store goods, which enhances the turnover, producing an additional £499,000 plus in turnover.

The current vendors purchased the business in 2004 and own the freehold. When purchased it was in a rundown state and has since been fully overhauled, decorated and refitted, making it almost like new. The post office has been located here in excess of 50 years. Bearwood Sub Post Office and Convenience Store represents a truly stunning opportunity to purchase for any new operator, as the vendors now wish to retire.

The post office offers a number of services, including general counter services, parcel facilities, lottery, and paypoint. There is one fortified counter and a general counter giving the store a much larger feel. The convenience store has an alcohol licence and sells a full range of household products and convenience goods. Currently the vendors limit the opening hours, the store therefore has the potential to expand on these and offer ad

Sales
Currently shop sales average £499,000 annually. In addition to a post office commission of approximately £32,000 PA (2015 figures)

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday — Saturday 06:00 — 19:30
Sunday 08:00 - 12:30

Note: The store has the potential to open much longer hours.


STAFF
The business is run by the owners who have 1 full time and 1 part time member of staff.

We are advised 1 staff member would leave upon sale making this an ideal family acquisition.


Building External
The store sits on one of the main routes into Bournemouth and boasts a free shopper’s car park.
The single fronted aluminium shop entrance opens out onto the modern feeling store, with a power assisted door.

To the rear of the shop area is a fortified serving position and inside the store there is a dual purpose counter. Throughout the store there are various racks and stands offering a range of cards, food products, fancy goods, including handbags and scarfs, drinks, alcohol, a lottery stand and stationery. The shop also acts as an agent for Dry Cleaning, Laundry and Clothing repairs.

Beyond the fortified area is a small staff room/store room, toilet facilities and a brewing station. The store benefits from a fully monitored alarm system and a comprehensive CCTV system.

The vendors have gone to real expense to renovate the store to its present standard and this opportunity should not be missed.


RESIDENTIAL ACCOMMODATION
We are advised that there is no residential accommodation available with the shop.

TENURE
The business is available upon a leasehold basis and the vendors are offering a full 10 year lease with an initial rental of £15,000 PA. (depending on lease terms and the length of the lease)

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


SUMMARY
Bearwood Sub Post Office and Convenience Store represents an ideal opportunity for a newcomer or a seasoned business owner to acquire a business in a unique position, with exceptionally low rental and the opportunity of an exceptional lifestyle business.

Demand is expected to be exceptionally high, therefore an early viewing is a must.


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