Well Established NewsConvenience Store And Off Licence For Sale

Business description

Service road in front of shop

NO PARKING RESTRICTIONS providing ample customers' car parking

ATTRACTIVE DOUBLE FRONTED MEDIUM SIZED SALES SHOP (810 sq ft approx.) carpeted, fluorescent lighting and well equipped including counter, electronic cash register, hot display cabinet, double door glass fronted drinks display fridge (on loan from Coca cola), new double door glass fronted display fridge (used for milk, dairy produce plus wines and beers), shelving, 2 greeting card display stands with drawers under, in addition there are 3 revolving card display stands (owned), 1 bake-off oven.

Rear stockroom with 3 chest deep freezes plus 3 upright deep freezes
Small kitchen area
Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 months unexpired at a rental of only £9,500 p.a. exclusive of rates, fixed for the remainder of the term.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED, comprises: 2 Double Bedrooms Bathroom with bath, wash hand basin Separate w.c. Lounge with open fireplace (electric fire) Kitchen with fitted units

Location:

Situated in a parade of 4 shops, excellent main road trading position, residential area, EAST SUSSEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £6,800 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £1,200 p.w. Gross profit 22% approx. In addition the business has Paypoint which we understand has a turnover of approximately £2,000 p.w. providing a commission we understand of £15/£20 p.w. We are further advised that the new Health Lottery has recently been introduced.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £87,500 plus STOCK AT VALUATION (£24,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Friday inclusive - 6 a.m. - 7 p.m.
Saturday opening - 6 a.m. - 4 p.m.
Sunday opening - 7 a .m. - 12.30 p.m.

Employees:

The business is at present operated by a husband and wife team with the assistance of 1 part time lady. 3 morning newsrounds. Delivery charge £2 p.w.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance