Retail premises for sale in St. Clare Terrace, Chorley New Road, Lostock, Bolton BL6

£329,950
Retail premises for sale
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Property features

  • Busy Trading Location
  • Post Office Salary £54,000 Per Annum
  • Accounts Available 31st March 2020
  • Annual Turnover £294,253
  • Gross Profit £74,019
  • 2 Bedroom Accommodation
  • Epos & CCTV Systems
  • Ill Health Forces Sale
  • EPC - D

Property description

Ref 7029 – Freehold Post Office and Newsagents with Accommodation
Blacks Brokers are proud to bring to the market this freehold Post Office and newsagents business located in the much sought after area of Bolton, Lancashire.


Introduction


Chorley New Road Post Office has been trading for over 50 years with our client in ownership since 2018 and over that time it has firmly established itself within the local community and gained a large and loyal customer base.


Location


Bolton is a popular and busy town in Greater Manchester. It lies close to Bury and Wigan, and is well linked by the M61 and M60. Bolton is a densely populated town with a busy town centre and many other businesses and shops. St Clares Terrace is positioned just off Chorley New Road – this is a busy main road leading through the Middlebrook and Lostock areas of Bolton into the town centre. It is well used by commuters, shoppers and local residents. Chorley New Road Post Office is located in a superb trading position, on a busy roundabout and the junction of Chorley New Road and Alexandra Road close to the Macron Stadium. There is free, roadside parking available outside the business.


Reason for sale


Chorley New Road Post Office is only being offered for sale due to our clients ill health.


Building layout and design


Chorley New Road Post Office is housed within the ground floor of a large, end of terrace unit on the corner of a busy junction. The business is branded with the usual Post Office signage, as one would expect. The glazed, single frontage is used to display offers for a selection of convenience items. Inside, the business is well presented. The large retail area is well stocked with wall shelving, magazine racking and display fridges. There are three Post Office counter positions with a separate counter for convenience sales. On the first floor is a spacious, two bedroom accommodation. The accommodation comprises of two bedrooms – one single and one double, a large lounge, family bathroom and fully fitted kitchen. All areas are finished to a high standard.


Staff


Chorley New Road Post Office is currently operating with two part time staff running the post office and 2 part time early morning staff. In addition there are 3 delivery drivers.


Financial details


Financial details are available upon a viewing of the business and Chorley New Road Post Office has traded solidly over its trading history. Post office salary is £54,000 per annum for this branch and the shop generates an annual turnover of £294,253. All customers are from the local area as one would expect.


Summary


This freehold business is a refreshing mix of a Post Office business and newsagents with potential for an alcohol licence and convenience store/gift shop and it delivers impressive weekly takings from multiple income streams. There is plenty of scope to develop the business further with the addition of an expanded product range, hot food sales and longer opening hours to take advantage of potential alcohol sales. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised and are welcomed by appointment only. Business & Property: £329,950.

Please quote ref: 7029

Opening Hours

Mon - Fri - 5am - 5.30pm
Sat - 5am - 1pm
Sun - 5am - 12pm

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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