Ref 5742 – Leasehold Post Office & Convenience Store Blacks Brokers are proud to bring to the market this leasehold Post Office and convenience store located in the much sought-after area of Congleton, Cheshire. Introduction
Go Bargain has been trading here on Havannah Street for over 25 years, with our client taking ownership in 2009. This Go Bargain shop also houses a popular local Post Office and off licence. During its impressive trading history, the business has firmly established itself within the local community, gaining a great reputation and customer base. The shop sells a typical range of convenience store items including alcohol, tobacco, magazines and newspapers and is very popular within the local area, enjoying enviable weekly takings in addition to the Post Office salary. Location
Havannah is a popular area of Cheshire, close to Congleton and Timbersbrook, the area is mainly residential with some other local businesses and shops. Go Bargain is situated in a small parade of shops which benefit from roadside parking. This excellent trading location brings custom throughout the day with many locals and many passers-by. Reason for sale
Go Bargain is only being offered for sale due to our clients other business interests. Lease
This property is available on a competitive, Full Repair and Insure Lease (Fri Lease). This is the most common form of commercial lease. The current lease has 15 years remaining (as of June 2017) and runs at a cost of £290 per week. Building layout and design
Go Bargain is housed within a single storey, semi-detached retail unit which is well branded with standard Go Bargain and Post Office signage outside. Inside, the business houses an atm machine in addition to pay station and National Lottery. The shop is modern and well presented with tiled flooring throughout, the usual Go Bargain fixtures and fittings in place, CCTV and air conditioning. Products are well stocked on wall shelving, central gondolas and in display fridges and freezers where required. The Post Office counter and cash machine, together with a store room, office and toilet are positioned to the rear of the shop floor. All areas are very well presented and fixtures and fittings area of good quality and well maintained. Staff
Go Bargain is currently operating with our client in full time employment. Financial details
Financial details are available upon a viewing of the business and Go Bargain has traded solidly over its trading history. The business generates weekly takings of £5,500, with alcohol sales of £1,200 per week and tobacco sales of £1,700 included in that figure and gross profits of 25%. Pay Station is included in the Post Office takings and the Post Office salary is £15,000 per annum. Most customers are from the local area, with some additional trade from passers-by and visitors to the area. Summary
This is a fantastic opportunity to purchase a Go Bargain store with Post Office and Lottery which is superbly presented and is located in an unopposed location in a residential district of Congleton in Cheshire. There is much scope for development with the introduction of longer Sunday opening and potential expansion of product lines. 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. Business: £29,995.
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