Convenience Store in Ideal Location

Price:

Leasehold - £170,000

Turnover:

Seller Ref:

2687GS

Location:

East Sussex, Eastbourne

Business Type:

Retail businesses

See Other:

Convenience stores for sale in East Sussex
Newsagents for sale in East Sussex
Retail businesses for sale in East Sussex

Description:

THE BUSINESS:

LOCATION
The shop is located close to Eastbourne train station and the town centre. It is in a parade of shops on the main road into and out of the town and is supported by a number of other businesses including a hair salon, tanning studio, takeaway food outlet and pharmacy.

BUSINESS
The shop was established by our clients in 2003 and they are now selling in order to move abroad. Trade centres around the retailing of newspapers and magazines together with ice cream, soft drinks, counterline confectionery, wines, beers & spirits, cigarettes & tobacco, greetings cards and a range of grocery items. There is a Premises Licence for the sale of beers, wines and spirits and PayPoint services are provided.

The wholesale newsbill averages £640 per week with no rounds. We are informed that average weekly takings are £16,000, excluding PayPoint

PREMISES
The commercial property consists of:

Shop - about 740 sp ft (68.5 sq m) with an internal width of 21’0’ (6.4m) by 35’3’’ (10.7m) with strip lighting throughout. There is a counter with electronic cash register, counterline confectionary display and cigarette gantry. Other equipment includes a range of adjustable wall units, two gondola units, large drinks cooler, 2 large open top freezers, large open-fronted food / drinks display unit, dairy display unit, newspaper and magazine raking, etc. Leading to:

Store Rooms - measuring 9’0’’ (2.7m) by 6’6’’ (2.0m); 6’9’’ (2.1m) by 5’0’’ (1.5m); and 6’9’’ (2.1m) by 4’0’’ (1.2m).

Staff WC.

Basement - about 40’0’’ (12.2m) by 20’3 (6.2m).

HOURS
Monday to Sunday - 7.00 am to 10.00 pm.

STAFF
The business is currently run by staff our two clients with the assistance of one shop assistant.

TENURE
The premises are available on a 15 year commercial lease which commenced in August 2003. The current basic rent is £17,500 per year with rent reviews every five years.