Blacks Business Brokers Facilitates Successful Sale Of Penny Black Sedbergh Post Office
Blacks Business Brokers are pleased to announce the successful sale of Penny Black Sedbergh Post Office, a much-loved and long-established business set in the stunning Yorkshire Dales. This vibrant and profitable Local+ Post Office, which also boasts a well-stocked retail shop and a vital community role, has now been passed on to a new owner, marking the beginning of an exciting new chapter for both the business and the local area.
Located in the charming market town of Sedbergh at the foot of the Howgill Fells, Penny Black has been a central fixture in the town for many years. Acquired by the previous owners in 2013, the business underwent a full refurbishment in 2016, transforming it into a busy, modern Local+ Office featuring two Post Office counters, a separate sorting office, and three outreach branches serving the wider rural community. Alongside its postal operations, Penny Black is also a trusted retailer offering an attractive selection of cards, gifts, stationery, newspapers, and confectionery. In a town celebrated as one of England’s official Book Towns, the shop also sells books, contributing to Sedbergh’s unique cultural character.
Penny Black is more than just a shop – it is a cornerstone of the community. It supports local businesses with critical banking services, such as cash deposits and change provision, and enjoys loyal custom from both regular Drop and Go users and casual passersby. Positioned prominently on Sedbergh’s bustling Main Street among a mix of inns, independent shops, and offices, the business benefits from high visibility and consistent footfall from both residents and tourists alike.
Sedbergh’s economy is diverse, combining retail, hospitality, agriculture, education, and artisan manufacturing. The town is home to a range of small and medium enterprises, including workshops and wholesalers, as well as well-regarded schools and a prominent public school. Excellent local amenities, good transport links, and proximity to the M6 motorway make it a desirable location to live and work. In this thriving environment, Penny Black has played a vital role not only in commerce but also in bringing people together.
The premises occupy the ground floor of a double-fronted stone building with strong visual presence. The retail area, which includes two service counters at the front and a bright, well-organised shop floor to the rear, has been designed for both efficiency and customer experience. A separate building houses the sorting office and designated Post Office and Royal Mail parking spaces. The business comes fully equipped, with bespoke card racks, outreach equipment, storage, a shop till system, and all essential fixtures and fittings included in the sale.
Financially, Penny Black has demonstrated strong and consistent performance. For the year ending August 2023, the total turnover stood at £158,164, comprising £87,432 in Post Office remuneration and £70,732 in retail sales. The business achieved a gross profit of £95,219, with projected Post Office remuneration expected to reach £100,000 in 2024. Operated by a full-time husband-and-wife team and supported by two part-time staff, the business offers substantial potential for further growth. Whether by expanding product lines, extending opening hours, or developing a focused social media presence, new owners will find a strong foundation with significant upside potential.
The sale was handled by Blacks Business Brokers, known for their professionalism, discretion, and tailored approach to each transaction. Their deep understanding of the UK’s independent business landscape, and particularly of community-rooted businesses like Penny Black, ensured a successful match between seller and buyer.
Joanne Booth, Sales Negotiator at Blacks Business Brokers, who oversaw the sale, commented: “Penny Black is a truly special business in an idyllic setting. It serves a real purpose within the community and combines a strong financial profile with an enviable lifestyle. It was a pleasure to work with the sellers, who had built such a warm and respected business, and we are thrilled to have found the right buyer to continue their legacy. Our targeted marketing strategy and close working relationship with the vendors enabled us to attract the right interest and secure a smooth sale.”
Considering a sale?
Blacks Business Brokers continue to lead the way in the sale of small and medium-sized enterprises across the UK. Their client-focused approach, professional marketing, and extensive buyer network make them the go-to choice for business owners looking to exit with confidence and value. The sale of Penny Black Sedbergh Post Office is a testament to their commitment to delivering outstanding results.
If you’re considering selling your business, now is the perfect time to act. The market is buoyant, demand remains high for quality businesses, and with Blacks Business Brokers by your side, you can ensure your business receives the attention and care it deserves. Whether you’re retiring, changing direction or simply exploring your options, speak to the team at Blacks today.
Visit 👉 www.blacksbrokers.com or email [email protected] to speak confidentially with our team.