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Bedminster Post Office, 157 East Street Bedminster, Bristol, United Kingdom, BS3 4EJ

£160,000

Business rates & charges may apply

Christie & Co, Retail
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SECTOR

Post office for sale

Key features

  • Post Office income c.£112k (YE 28.02.21)
  • Shop & photo booth income c.£26k per annum
  • Prominent location on busy high street
  • Mains branch with five counters incl fortress
  • Opportunity to increase convenience offering
  • Finance available, subject to status. Energy Rating B
  • Christie & Co Ref: 3410483

Description

Description

This leasehold Post Office has been owned and operated by by the current owner since October 2018 and they are now looking to sell due to relocation. This Mains Post Office benefits from excellent levels of passing trade and is ideally situated close to commercial and residential buildings meaning that much of their trade is repeat custom. The business is well established, ideally located on the high street and offers an ideal platform for a new owner to take charge and take advantage of the great potential it offers.

Location

This leasehold Post Office is well located in a popular suburb of central Bristol, surrounded by commercial and residential properties and only one mile from the city's main train station. Bedminster is a large district of Bristol with a population of c.12,900 people. The store benefits from an excellent location on a busy street with a number of other businesses close by, including takeaways, pubs, restaurants and cafes, all of which drive footfall to the store.

Internal Details

There are a total of five counters, out of which three are open plan counters and two are fortress positions. In the main trading area, there is display shelving, a large selection of greeting cards and a drinks fridge. There is a digital photo booth and free to use ATM included with branch.
The business also offers Amazon and DPD pick up and drop off services as well as digital application services.
The store benefits from air conditioning, CCTV, an alarm system and a roller shutter. There is a staff toilet and facilities to the rear of the trading area, including a kitchen and office.

Fixtures & Fittings

Fixtures and fittings are owned outright and included in the sale.

The Opportunity

There is the opportunity to introduce a variety of retail product ranges such as alcohol, confectionary, tobacco, additional soft drinks, the national lottery/scratch card services, hot food and drink options to help increase turnover and gross profit margins.
The business also offers the opportunity to increase trade through longer opening hours.

Staff

The business is primarily run by the owner, with the assistance of four part time members of staff who will transfer with the business under TUPE regulations.

Trading Information

The accounts for Y/E 28 February 2021 show a Post Office and shop income of £129,880 per annum.
In addition to this, we are advised that the monthly income from the digital photo booth is c.£600.
We are in receipt of full profit and loss accounts which will be made available to seriously interested parties on request.

Trading Hours

Monday-Friday: 9am - 5.30pm. Saturday: 9am - 2.30pm. Sunday: Closed.

Tenure

The premises is let to our client on a lease expiring 21st March 2033 at a passing rent of c.£15,000 (incl VAT) per annum.
There is a rent review in March 2028 and the lease is within the Landlord & Tenant Act 1954.

Full details of the lease can be made available to interested parties upon request.

Business Rates

The Rateable value of the property is £14,000. However this is not what you will necessarily pay.

Energy Performance Certificates

EPC 1

Brochures

Bedminster Post Office, 157 East Street Bedminster, Bristol, United Kingdom, BS3 4EJ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bedminster Station0.3 miles
  • Parson Street Station0.7 miles
  • Bristol Temple Meads Station1.0 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 3410483-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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