£0 £1000000
£0 £1000000

For Sale

Well established Post Office and Convenience Store for sale

Wolverhampton, West Midlands

  • Asking Price: £165,000 +SAV
  • Turnover: We are advised that the business generates a turnover in the region of £728,000. Full financials can be made available upon further request. 

    Please quote reference B06879

  • Tenure: Leasehold

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Please quote reference B06879

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Penn Post Office, which is a well-established Post Office and Convenience Store with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

There has been a Post Office at this location for a number of years and the business really has become part of the local community (it was formerly a Co-Op supermarket). The current owner has run the business for the last seven years and the business has flourished under his ownership accruing an impressive number of regular customers along with a great reputation.

The business is now being sold, albeit reluctantly and with a heavy heart. The vendor is keen to see his beloved Post Office and Convenience Store passed to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.

The post office side of the business offers a range of Main Post Office services including - 

  • All mailing services
  • Cash Withdrawals
  • Cash & Cheque Deposits
  • Drop & Go
  • Parcelforce Express Services
  • Foreign Currency
  • Travel Money Card
  • Lotto Prize Payments
  • Lotto Ticket Sales
  • Post Office Money Services
  • Travel Insurance
  • Bill Payments
  • Top Ups
  • SIA Licence Applications
  • Document Certification Service
The business also incorporates a busy and extremely well stocked convenience store and offers a comprehensive range of products including -

  • Tobacco and Vaping products
  • Confectionery
  • General groceries
  • Beers, wines and Spirits
  • Crisps and snacks
  • Dairy products
  • Sassy Coffee Company Hot Drinks
  • Slush Drinks
  • Ice Creams
  • Newspapers and Magazines
  • Fresh Produce
  • Bread & Cakes
  • Sandwiches and Snacks
  • Frozen Foods
  • Household Items
  • Greeting cards and Wrapping Papers.
Additionally the business has a weekly news bill of £500 from over the counter sales.

Penn Post Office & Convenience Store has an impressive number of regular and repeat customers many of whom use the business on a daily basis and are known on a first name basis by the current owner who is a popular and well respected member of the local community.

The business enjoys great visibility on the internet and benefits from lovely reviews such -

  • “Very hardworking staff- these guys are the business!”
  • “A very friendly and helpful bunch of lads and always great service “
  • “Polite and helpful staff”
  • “Always terrifically busy. Very hardworking staff – These guys are the business! Great service – Thank you!”
Scope to improve -

  • Extend the opening hours, since COVID the hours have been reduced but previously the business operated from 8-8 seven days a week
  • Extend the Post Office opening hours to be in line with the shop opening hours
  • Advertising and marketing campaign, a local leaflet drop always yields good results
  • Maximise the use of social media particularly Twitter and Instagram
  • Increase the range of alcohol products stocked, there is real demand for premium products in the locality which has particularly wealthy customers
  • Introduce a delivery service, lots of older customers in the area who would find this useful
  • Consider stocking bedding plants, shrubs and garden products outside, this was done previously with weekly takings upwards of £1000 per week.
Reasons to buy -

  • A well-established business with an enviable reputation and many existing customers
  • Prime location on the busy Penn Road with free customer parking
  • The business has just been accepted as an Amazon Hub
  • Planning permission for an external Cash Point
  • Current owner happy to offer a handover to ensure the continued success
  • All fixtures and fittings included making this a real Turnkey business opportunity
  • Ideal owner managed or partnership business or lends itself as a bolt on to an existing convenience store business
  • Great turnover business but still offers room for improvement. The current owner has been running at a pace to suit due to his other business interests.
This is not your usual convenience store, the business really is beautifully presented and fastidiously maintained and is one of the nicest to come to the market for some time.

Very rarely do Post Offices/Convenience Stores of this calibre come to the open market and therefore early enquiry is highly recommended.

This lovely business is likely to attract considerable interest.

We are advised that the business is owner run and managed, with the help of 1 full-time staff member. They also have 3 part-time members of staff who are all family members. 

The business hours are -

Monday – 08:00 – 20:00
Tuesday – 08:00 – 20:00
Wednesday – 08:00 – 20:00
Thursday – 08:00 – 20:00
Friday – 08:00 – 20:00
Saturday – 08:00 – 20:00
Sunday – 08:00 – 20:00


The Post Office counter is open from 09:00 - 17:30 Monday to Friday and 09:00 - 17:30 on Saturdays.

Penn Post office is located in Penn.

Penn is an area now divided between the City of Wolverhampton and South Staffordshire district. The population of the Wolverhampton Ward taken at the 2011 census was 12,718.

Most of Penn is served by National Express West Midlands 15 (Wolverhampton- Wombourne- Merry Hill Shopping Centre) which serves Bradmore, Merry Hill and Warsones Road in Wolverhampton, 16 (Wolverhampton- Wombourne- Stourbridge) and Diamond Bus 64. The 64 will be operated by Travel Express which trades as Let’s Go from 25th April following the award of the tender for the service.

Penn is generally regarded as a salubrious area with many large, upmarket houses that are mostly situated in the south of the area on land bordering the extensive South Staffordshire countryside.

Penn Post Office occupies a prominent position alongside the busy Penn Main road. The premises are slightly elevated meaning it is practically impossible to miss them as you are driving. The business is beautifully presented and maintained with clear visible signage and distinctive livery. The business is just along from an unusually busy and vibrant shopping parade and thus benefits from high levels of footfall and passing trade.

There is a free car park for customers immediately to the front of the premises.

Penn Post Office and Convenience Store occupies generous premises and really is well stocked and presented to the highest standards and briefly comprises - 

Shop/Post Office - Window to front and side and glazed, double electric doors to front creating a light, airy and inviting interior. Generously proportioned with tiled floor and suspended ceiling with concealed lighting, bespoke counter with generous wrapping area and cigarette gantry and spirit shelving behind, Post Office counter. Sassy Coffee Company hot drinks dispenser, glass topped ice cream freezer, double Slush machine, perimeter shelving, three long shelving gondolas, dump baskets for special offers, bulk floor displays, metal newspaper and magazine racking, long open drinks chiller, open dairy chillers, beers and wine chiller, food freezers with clear sliding top, bespoke greeting card racking with 2 drawer storage beneath, hanging wall space for bagged items.

Office - With tiled floor, fluorescent lighting, safe, space for desk and filing cabinets CCTV monitor.

Stock Room - With perimeter shelving and ample floor storage space.

Secure Room - With perimeter shelving and floor storage space.

WC - With close coupled toilet and hand wash basin.

Externally - There is a generous car park and potential outdoor sales area.

Tenure
We are advised that the business is being sold on a Leasehold basis, with 10 years remaining on the 20 year lease. The rent is £30,000 per annum. There is a service charge of £3,000 annually. The business also has rates payable at £7,600 per annum. 

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