Convenience Stores for sale in Hove

View the "Leasehold Off Licence/ Convenience Store with 2 flats Hove." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Ian McGregor (Nov 2013)
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Leasehold Price: £82,000 Annual Turnover: £350,000 Annual Net Profit: £60,000
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Business Description
Location
Em-Pwr Business Brokers Ltd is pleased to place onto the market this very successful business based in Hove, East Sussex. It is very close to the railway station in a very busy part of the Town.

Business Details
This business was established over 25 years ago and the Owner wishes to sell due to re-location.

The business provides an off licence and convenience service with lottery and scratch cards. It also has 2 flats which have a rental potential of £2,100 per calendar month.

In terms of competition, the company offers an exceptional and reliable service with excellent value for money.

The Owners are willing to offer a handover period if required.

Trading Hours
Monday to Saturday 5.30 am – 9 pm

Financial Details
The annual turnover for 2016 was £350,000 with an EBITDA of £68,000. The assets in the business are worth around £5,000. The stock value is around £20,000.

Property Details
The property consists of a shop premises, 2 garages for storage and one 2 bedroomed flat and a one bedroom flat.

Tenure
The lease has 17 years remaining with a rental of £12,500 and no rates to pay

Ref: 13268
Price: £82,000 including all assets plus SAV

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by EM-PWR Business Brokers LTD. The information contained herein has not been verified by EM-PWR Business Brokers LTD; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of EM-PWR Business Brokers LTD regarding this business are subject to verification and should be independently corroborated.
Tenure: Leasehold

Location Details:

Em-Pwr Business Brokers Ltd is pleased to place onto the market this very successful business based in Hove, East Sussex. It is very close to the railway station in a very busy part of the Town

Leasehold Term:

The lease has 17 years remaining with a rental of £12,500 and no rates to pay

Listed by: Em Pwr UK
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13268
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