Licensed Betting Shops For Sale Offers Invited For Sale

Business description

An excellent opportunity to acquire a small group of well established licensed betting shops, in the popular East Sussex coastal resort of Eastbourne. The Betting Lounge comprises two shops, both with growing business and local reputation.

Each shop benefits from excellent purpose-built premises and is offered fully equipped. Currently managed, the business operates short hours with plenty of potential to further increase trade. Full training will be provided to the successful purchaser, with the existing licences able to be transferred to the new owner.

Property information

Property:

Leasehold

Lease terms:

Willingdon: The premises benefit from a 15-year FRI lease commencing 25 May 2007. The current rent is set at £13,000 p.a. (paid quarterly). The next rent review is due to take place in 2011.

Pevensey Bay: The premises benefit from a 5-year FRI lease commencing 2 July 2007. The current rent is set at £5,520 p.a. (paid quarterly). The next rent review is due to take place in 2012. The tenant is responsible 1/14th of the maintenance charge for the building.

Location:

Willingdon: Freshwater Square is a mixed retail precinct in the popular suburb of Willingdon. Willingdon lies between Eastbourne and Polegate, with its excellent road and rail links. The precinct contains a variety of independent retailers and eateries as well as a newly opened Tesco Express and a wet-lead public house.

Pevensey Bay: Is a popular small seaside resort, approximately 5 miles east of Eastbourne. It boasts a wide range of shops, pubs and restaurants to service its year round population and the large influx of holidaymakers who stay at one of several camping and caravan parks. The Betting Lounge is situated on the high street, alongside other facilities including the post office, banks and hot-food take-away premises.

Premises details:

Both businesses trade from spacious retail unist, which have recently undergone extensive refurbishment and are in excellent condition. There is a trade counter, office and customer toilets.

Other information

Support & training:

Full training will be provided to the successful purchaser.

Trading hours:

Monday – Saturday 10.00 – 18:00 and Sunday 11:00 – 17:00