Asking price: £355,000

Sales revenue: £342,795

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Corner unit with self contained 3 bedroom home on 2 floors above, plus garage to rear, set in busy High St of popular town. T/O £342,795pa (£6,700pw) with very healthy Net Profit in excess of £50,000+pa. Newsbill £2,500pw, 16 rounds, open M-Sat 6am- 5.30pm (5pm Sat), half day Sun. Rear access to flat on 2 floors. Could easily expand hours, add lottery or Paypoint, etc. Owners of 12yrs retiring. Call for full particulars.

Employees: There are 14 paper boys, and the business is run by the current owners with help from one full time staff member, a Saturday & Sunday girl and a reliable local lady who marks up the papers in the morning for the paperboys.

Trading hours: Trading hours are 6.00am-5.30pm Monday – Friday, 6.00am – 5.-00pm Saturdays & 6.00am - 12.30 on Sundays.

Property: Freehold

Living accomodation
The Private Living Accommodation Outside stairs from the rear of the property provide completely self-contained access to the private living accommodation which is over 2 floors above the shop. The stairs lead to an outside patio area with small conservatory/porch and access to the self-contained flat which includes a fitted kitchen/dining room which has parquet flooring and fitted wooden kitchen units with hob & oven, and double doors to the lounge which has two windows looking over the front. From the lounge a door leads to a small hall area and stairs lead up to the second floor which has 3 bedrooms and a bathroom with bath with shower over, WC and wash hand basin. The property is centrally heated and double glazed throughout.

Location
The premises are situated in the centre of the High Street close to both public car parks and the train station, with bus stops also nearby with services to Sussex towns including Eastbourne, Hailsham and Seaford.

The town is an inland suburb of the larger town of Eastbourne and is a mainly residential area with a good mixture of retail, hospitality and light industrial businesses. There are plans for residential development off the A22 which would vastly increase the size of the town and it also has a busy commuter railway station with regular trains to the Sussex coast and London

Expansion potential
could extend opening hours and range of products on offer.

Reasons for selling
retirement