Retail premises for sale in Post Offices DL16, County Durham

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Retail premises for sale

Property features

  • Densely populated area within this town centre
  • Gross profit margins of over 50%
  • Retirement sale
  • Highly recommended

Property description

Sub post office greeting cards, stationery and gifts in County Durham for Sale.

This is a genuinely rare opportunity to acquire one of the country’s premier, mains Post Office and greetings cards business which benefits from impressive post office remuneration expected to be £155,000 in addition to an equally impressive income from the sale of greeting cards, gifts and stationary. Weekly Retail Turnover £3,800 to £4,000. The business occupies a prime trading position situated in this bustling shopping development with customer car parking - densely populated area within this town centre which is just seven miles from the historic Town of Durham and with Teasdale, (large parts of which are in the North Pennines area of outstanding natural beauty) within easy reach. This is without doubt is the most lucrative Post Office seen for a very long time, working on superb gross profit margins of over 50% on private sales. Both the weekly turnover and Post Office remuneration have shown recent growth with the average, monthly, post office remuneration being £14,844 for the six months April to September 2022. This is a prestigious, market leading Post Office which this agency is proud to bring to the market, showing in excess of £68,000 adjusted net profits for the financial year ended 2022 whilst run almost entirely by staff (our client only works in the business as a relief when staff are away on annual leave / absence and during December), which offers a new owner huge potential to make additional savings. Retirement sale - highly recommended. The premises are held on lease with very sensible rent and comprise: Spacious, professionally fitted walk round sales shop offering superb card and gift displays with additional services such as coffee machine, photo copying and photo booth. The Post Office department is modern consisting of four open positions and one fortress counter plus a combi till at the greeting card department. Office / staff, Toilet and wash hand basin.
EPC Band B.
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For more information about this property, please contact
Ernest Wilson, LS27 on +44 113 482 9940 * (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 Ernest Wilson, and do not constitute property particulars. Please contact Ernest Wilson 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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