Post office business, retail sales and overall potential
An extremely strong Mains Post Office branch, with very attractive retail sales, with the owners now wishing to semi retire. This is a popular and much needed Post Office within this strong catchment.
Celt Rowlands & Co. Have discussed this Post Office business with the Post Office Regional Manager, who has authorised us to state the following - Interested parties are more than welcome to speak to the Regional Manager, and the agents will give those interested parties his contact details.
This is a very efficient Post Office branch, very well managed and stable, with a Post Office income of almost £59,000 p.a. (approaching £1,150 per week), being a Mains branch, this outlet has a larger service book than the typical Local Post Office, with useful fixed assets with its particular lucrative atm, which will be retained well into the future.
The branch is already serving between 1,300 and 1,500 customers per week, regarded as extremely healthy, and there is still potential to grow with more services which can be ‘unlocked’. There is a particularly strong relationship with Royal Mail, and the mail side can certainly be expanded further. Mains contracts are now rare with less of them being offered, and this particular one has potential for a higher earning threshold and it has maintained a good level of competitiveness.
The retail side of the business has always been steady and is growing, currently running at a turnover of approximately £6,500 per week, being made up of the whole ctn range, but with greeting card sales being particularly strong, supported by soft drinks sales (there is no bar to introducing sales of alcohol, subject to an application), news, magazines, tobacco and many allied stock lines. Lottery sales are understood to be one of the best within the Wrexham conurbation, and this branch can also ‘pay out’ big prizes in addition.
Retail Sales: Monday to Friday - 6.00am to 5.30pm. Saturday - 6.00am to 12.00pm. Sunday – Closed.
Post Office: Monday to Friday - 9.00am to 5.30pm. Saturday - 9.00am to 12.00pm. Sunday – Closed.
For parties who are positively interested and enquire further, further trading accounts and other information will be provided.
Johnstown is a good sized and expanding catchment, being part of the County Borough of Wrexham, and surrounded itself by a number of other sizeable villages/areas of conurbation with its own population being approximately 3,266 (2011 Census), and with a range of facilities including Primary and Secondary Schools and a number of businesses/facilities including convenience stores. The premises are situated in a most convenient position, a short way along Merlin Street, just off the Wrexham Road. This is an area made up of shops, businesses and housing, and with relative ease for parking at and around the premises, which are situated on a corner.
Various improvements have been carried out by the vendors over the last few years, to include the very well fitted retail area, with vinyl flooring, suspended ceiling, a range of gondolas/display and alarm system. The sales area currently includes a good quality Post Office counter with modern in-built security. The accommodation is as follows:-
Current Shop Internal Width 6.90m (Max.)
Current Shop Depth 9.21m
Main Retail Area including Post Office 48.61 m.sq. / 523 sq.ft.
Rear Storage with Office, part of which includes atm on side of the building 15.57 m.sq. / 168 sq.ft.
Total Commercial Area Net Internal Approximately 64.18 m.sq. / 691 sq.ft.
Expansion Potential of Commercial Space
We have calculated that subject to any permissions and regulations allowing, it would physically be possible to expand the trading space to approximately 900 sq.ft., and have additional storage/office space within the current garage, taking up the total commercial area to around 1,000 sq.ft. Involved in this would be the reorganisation of parts of the residential element currently at ground level, and removing and repositioning of a staircase to access the upper floor.
The vendor has attractively refurbished and decorated this accommodation, and this comprises:-
Kitchen, beautifully fitted with tiled floor, range of stylish cupboards, drawers, work surfaces, with integral Rangemaster 5 ring gas hob, cooker, single drainer sink unit, overhead extractor. Hallway. Staircase to upper floor, side street access and access through to the rear yard and garage.
First Floor Landing with access to:-
Dining Room (3.2m x 2.86, ) Radiator.
Sitting Room (3.88m x 4.35m) Period fireplace in patterned dark marble, radiator.
Bedroom One (3.69m x 4.20m) Radiator, laminate flooring.
Bedroom Two (3.05m x 4/36m) Cast iron Victorian fire place, access to loft with retractable stairs.
Bathroom (3.14m x 1.99m) Stylishly fitted with floor to ceiling ceramic wall tiles, mosaic tiled flooring, modern suite with WC, wash basin, panelled bath, large shower, towel rail/heater, recessed spot lighting.
Accessed off the side road is a very good sized garage with roller shutter door, roof light panels, in all providing 23.07m/248 sq.ft., together with pleasant and useful yard area connected to the ground floor living accommodation.
A price for the freehold interest, Post Office and retail business and fixtures and fittings, a price will be quoted on application. Stock at valuation.
We understand from the Valuation Office Agency web site that the Rateable Value is £4,650. Interested parties should contact the Local Authority – Wrexham Council, to establish the current rates payable, as we believe concessions may apply.
The property is Band ., with currently £ payable.
An EPC has been commissioned and will be available shortly.
Please contact the agents: Celt Rowlands & Co. On or