Profitable COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY
Price:
Leasehold - £49,500
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Ample Free Parking
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 550 sq. ft. sales area with tiled floor, suspended ceiling with good fluorescent lighting. The equipment includes counter, electronic cash register, 2-6ft greeting card display stands with drawers under (including 1 on loan), 1 large 12ft open cool display chiller, ice cream deep freeze, modern adjustable shelving. CCTV system refitted in 2005.
Stockroom 10ft x 10ft approx.
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £7,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £700 p.w. Gross profit 22% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. £170 p.w. The business also has Payzone.
We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 12½ years unexpired at a rental of £16,000 p.a. exclusive of rates for the next 6 months, with rent review at that time and anticipated to increase to approximately £17,500 p.a. exclusive of rates for the next 3 years, with further rent reviews every 3 years.
Uniform Business Rates: £1,120 p.a. approx. + water rates (metered)
WE UNDERSTAND THE BUSINESS HAS BEEN ESTABLISHED FOR 40 YEARS
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
REALISTICALLY PRICED FOR EARLY SALE
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION (£7,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Excellent main road trading position, close to the sea front, residential area, EAST SUSSEX.
The accommodation situated on the ground floor and with FULL GAS CENTRAL HEATING, DOUBLE GLAZED. Interconnecting door leading to:
3 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge/Dining Room
Fully fitted Kitchen
Private garden with lawn and flower borders.
Garage plus parking for 3 cars
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