Profitable Counter Newsagents In Centre West Sussex Coastal Town For Sale

Business description

Professionally fitted shop between High St & sea. T/O £455,000pa with very good NP in excess of £55,000pa from opening M-Sat 6.30am to 5.30pm, Sun 7.30am to 4pm. Run by owner with part-time help when busy. Rent £19,000pa, Counter news, confectionery, drinks, tourist items. Owned 5yrs and since moving to larger premises, 2 years ago T/O is up 50%. Scope for deliveries, if desired.

Property information

Property:

Leasehold

Lease terms:

The premises are held on a fully repairing and insuring lease with 3 years remaining at a rent of £19,000 per annum.

Leasehold rent:

£19,000 per annum

Location:

This busy outlet is situated in the centre of a popular coastal town in West Sussex. It is located in a traditional glass roofed arcade leading directly from the High Street towards the sea front and the town's main music and entertainment venue. As such it attracts a high volume of footfall at all times of day.

It is a popular seaside town on the south coast and has its origins as a small fishing village. It is situated 69 miles south west of London and has road and direct rail links both to the capital and other major towns on the coast. It is a popular resort with high visitor numbers all year round.

Premises details:

The property comprises an attractive traditional double fronted lock-up shop with large display windows, recessed central entrance door with patterned tile floor and a full width sign written fascia panel above.

The interior, which extends to approx 425 sq ft., is carpeted with a high ceiling lit by suspended florescent lights and is well equipped and stocked for the trade. The walls are fully slatted with adjustable shelving and there is a central island gondola. Further equipment includes a counter with electronic till, full height cigarette gantry behind, glass fronted display counter for cigars and smoking accessories, an upright double door drinks display fridge, open chiller cabinet, ice cream freezer, newspaper and magazine racking, wall mounted and free-standing shelves and greeting card racks, etc, etc.

A door at the rear leads to a stock room with shelving and a lockable cupboard. The shop interior is protected by a 2-camera CCTV system.

Business Operation

Expansion potential:

could introduce newspaper deliveries

Reasons for selling:

so vendor can concentrate on other business interests

Trading hours:

The business trades from 6.30am - 5.30pm Monday to Saturday and 7.30am to 4.00pm on Sunday

Employees:

run by the owner with some part time help at very busy periods.

Years established:

5