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Listed
31/07/22
Status
For Sale
Tenure
Leasehold
Dorchester Post Office, Trinity Street, Dorchester, Dorset DT1 See map

Details

POST OFFICE in Dorset for Sale. This is a fantastic opportunity to acquire this busy Post Office which is situated in the heart of Dorchester and surrounded by other shops with a large footfall. The Post Office achieves an enviably high Post Office Remuneration of £111,000 and an annual retail turnover of £35,000 made up from high margin cards, gifts, stationery and packaging. Along with the COVID grants, the total annual revenue was circa £190,000 with potential to grow the retail side further. Pre-COVID, the Post Office Remuneration was £165,000 which included £40,000 of Travel revenue. Expected Post Office Revenue in 2020 prior to the pandemic was £176,000 with increases in foreign currency exchange and banking remuneration. This Post Office has been in the top five in the country for travel money sales year on year and were in the top three in 2019 with the target for the travel money incentive for June, July and August of £1 million. The sales of travel money cards are almost 50% higher than any other branch across the south west currently. The business is run by staff and one manager, although it is overseen by our client - scope for a new working owner to really drive the business forward even further. Our client tells us that the Post Office are putting in a pick up and drop off service for DPD along with Western Union money transfer service which will bring in further revenue. There is also a bank closing down nearby which will bring even more footfall to this office for banking services. Premises are leasehold and comprise open plan sales shop, Post Office Counter, staff room / store and WC. Stock £15,000. EPC Band B.

Map

Post Offices

ID:

587349

Price

£155,000

Call 0113 238 2900 to request a viewing

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