Village Store / Post Office Near Hailsham, East Sussex For Sale
Price:
Leasehold - £59,950
Location:
East Sussex, Near Hailsham
Business Type:
Retail businesses
LOCATION
The shop is situated in a truly delightful semi-rural location. It enjoys a trading monopoly in the area and benefits from substantial regular trade in addition to which, there is a summer uplift.
SHOP
About 500 sq ft (46.5 sq m). The whole is attractively presented and professionally arranged to allow for the maximum display of stock. There is a double Helkama Chiller cabinet, ice-cream freezer, double greeting card stand, Bake’n’Bite bread display (on free loan), cigarettes gantry (on free loan) and a range of adjustable shelving.
Kitchen/Storeroom About 14’9’’ x 5’6’’ (4.5m x 1.7m) With a stainless steel sink, hand wash basin water heater and a range of wooden shelving. Leading to:
WC. Low level WC suite.
BUSINESS
The shop is an essential amenity of the area. It provides Post Office services, a good range of grocery items, beers, wines, spirits, ice-creams, cigarettes and tobacco, fresh fruit and vegetables, counterline confectionary, and greetings cards. In addition, there is an on-line Lottery and scratch cards. The wholesale news bill averages around £670 per week from counter sales only.
Turnover for the year ended 28 February 2010 was £201,404,478 with a gross profit of £36,774. In addition, the Post Office salary is approximately £20,000 per annum.
HOURS
8.30 am to 5.30 pm Monday to Friday
8.30 am to 1.00 pm Saturday and Sunday.
STAFF
The running of the business is shared between the two owners. It could easily be run by one full-time owner with part-time help.
TENURE
A 7 year lease from 2007 with annual rent reviews in accordance with the retail price index. We are informed that the current basic rent is £5,000 including water.
RATES
2010/2011: Rateable value £5,100. (The amount payable is estimated to be £1,037.85 for Non Domestic rates assuming that full Small Business Rate Relief applies.)
STOCK
To be purchased additionally at valuation on the day of completion. (Approx £10,000.) NB Purchasers will also need to budget for the deposit required by the newspaper wholesalers.
The shop is situated in a truly delightful semi-rural location. It enjoys a trading monopoly in the area and benefits from substantial regular trade in addition to which, there is a summer uplift.
A 7 year lease from 2007 with annual rent reviews in accordance with the retail price index. We are informed that the current basic rent is £5,000 including water.
8.30 am to 5.30 pm Monday to Friday
8.30 am to 1.00 pm Saturday and Sunday
UK Non-Specific
£ 800,000
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