REF 5827

High Turnover Post Office & Discount Store

Gateshead

Location

Situated on the high street of Wrekenton Row in the town of Gateshead, this business resides about 5 miles South of Newcastle upon Tyne and 11 miles West of Sunderland. It is close to a large residential catchment area with many local amenities that include pubs and a golf course.

Opportunity

The current owners have invested a lot of time and effort to attain the current level of achievement of the store, however, they are now opting to take early retirement and are ready to pass this business on. With sales having continued to steadily increase with the continuing popularity and attention that the store has received over the last 2 years there is a clear opportunity for a new owner to capitalise on this and continue this trend to drive the business to new levels.

Business

This is a very well established Post Office and Discount Store integrating a well stocked trading area with items that include grocery, chilled drinks, confectionery, domestic goods, cigarettes and alcohol. The premises also has CCTV and LED lights, and has been effectively run by the current owner for the last five years .

This business markets itself highly effectively with the utilisation of tools such as Facebook and TikTok, through these they share videos of their new stock and latest discounted items that have gained huge popularity and attention on a national level.

Their impressive reputation and interactive customer base is shown by their 58,983 followers on Facebook and the multitude of positive reviews online. Many of their facebook videos also reach in excess of 1,000 comments with articles being written by news outlets such as the 'Chronicle' and 'The Irish Examiner' praising the business. Due to its continual increase in popularity they also sell their own merchandise.

On-Site Services

Lottery & Internal ATM
Amazon Hub

Fixtures & Fittings

2.6m Drinks chiller
3.7m Open Chiller
Incorporates all fitted shelving
EPOS (Norcon) with Systems Support

Staff Employed

Owner run with four contracted staff members. TUPE rules apply

Trading Hours

Monday to Saturday 6:00am-7:30pm
Sunday 7:30am-5:30pm

Post Office Hours

Monday to Friday 9:00am–5:00pm
Saturday 9:00am-1:00pm
Sunday Closed

Premises Licence

Monday to Saturday 8:00am-10:00pm
Sunday 10:00am-5:30pm

Stock Amount

£100,000 (Estimated)

Commission on Services

Lottery Commissions £17,290/yr (approx.)

Post Office Commissions

Estimated £40,000 – £45,000/yr

Property Type

A1 Retail

Lease Terms

10 year lease commencement May 2022
Rent Review year every 5 years

Tenure

Leasehold

Retail Measurements

Ground Floor
Retail zone 190m² (2,045ft²)
Internal storage 48.2m² (519ft²)

First Floor
Internal storage 80.1m² (862ft²)
Staff room 9.5m² (102ft²)
Staff W/C 10.2 m² (110ft²)
External storage 6.7m² (72ft²)

Total 344.7m² (3,710ft²)

Accommodation

The accommodation incorporates the two bedrooms, lounge, kitchen and bathroom. We have been advised that it is currently being redecorated and re-carpeted. More information available on request

Notice

All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale). See our disclaimer page for more details.

Viewings

Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.

Annual Rent
£21,000

Stock Amount
Estimated £100,000

Commission on Services
Lottery Commissions £10,400/yr (approx.)

Post Office Commissions
Estimated £40,000 - £45,000/yr

Annual Turnover
£3,120,000

Rateable Value
£14,000

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) click here for more information

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