Bargain Store In Excellent East Sussex Location For Sale

Business description

LOCATION
The shop is located in a busy shopping street very close to the train station in St Leonards on Sea. It is supported locally by number of independent retailers, catering outlets and professional services businesses.

BUSINESS
There has been a bargain shop in this location for at least 32 years and it has been in our client’s hands for the last 7. It is now available for sale to allow our client to pursue another business opportunity.

The shop sells a range of bargain household items, hardware, cosmetics, over-the-counter medicines, cards, toys, etc.

Sales for the year to May 2010 were £141,926 (excluding VAT) producing a gross profit of £45,524 - a gross profit margin of 32%. There is scope to increase sales by adding groceries and / or papers and opening later and on Sundays.

PREMISES
Shop - with an internal width of 24’3’’ (7.4m) and a maximum depth of 22’6’’ (6.8m). There is carpet and strip lighting throughout it is comprehensively fitted with a range of wall units, shelving and gondola units. To the rear of the shop, there is:

Staff WC.

Storeroom - about 13’6’’ (4.1m) by 11’3’’ (3.4m). Leading to:

Office - about 5’9’’ (1.7m) by 5’9’’ (1.7m).

HOURS
Monday to Saturday - 8:30 am to 5:15 pm.

STAFF
Our client works in the business on average 4.5 days per week with the assistance of his son who works 5 days per week and a part-time member of staff.

Property information

Property:

Freehold