West Sussex Convenience Store CTN & Off Licence For Sale

Business description

NO PARKING PROBLEMS

SPACIOUS SALES SHOP probably in the region of 600 sq. ft. sales area. Newly fitted in 2011 at we understand a cost of approximately £45,000. Ceramic tiled floor, suspended ceiling with concealed lighting, 1 upright double door glass fronted display deep freeze, 2 glass topped chest deep freezes, 2-3.75m open cool display units, all new shelving, centre display gondola, long counter with 2 tills and EPOS scanning etc.

Stockroom
Staff 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 7 years unexpired at a rental of only £6,000 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter.

Uniform Business Rates: £1,700 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, busy road, residential area, WEST SUSSEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover currently averages £12,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale news bill £600 p.w. Gross profit 23% approx. In addition the business has Paypoint and we understand this provides a further income of approximately £40 p.w.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,950 plus STOCK AT VALUATION (£20,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

7 a.m. - 10 p.m. seven days per week

Employees:

The business is at present operated by the vendor on a part time basis with the assistance of 2 full time and 2 part time staff. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

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