Greengrocers for sale in Newhaven

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S Martin (Feb 2013)
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Leasehold Price: £29,500 Price Reduced Turnover: £234,000 Gross Profit: £58,500
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular off licence business, which is ideally located within the town of Newhaven, East Sussex.

The business was established by our client in 2015 and is only now being offered to the market due to our client’s desire to concentrate on other business ventures. The business operates 7 days per week and generates a turnover in the region of £234,000 per annum, with a gross profit of approximately 25%.

Our client offers a wide variety of goods including beers, lagers, wines, spirits, confectionery, snacks, ice cream, a small amount of convenience items and tobacco products. The property boasts approximately 28 sq. metres of floor space, is decorated to a high standard and is very well fitted out to suit the trade.

The business has built up an excellent reputation within the area for the high quality of the goods and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by embarking on a modest marketing campaign to highlight the goods and service offered. A new owner could also increase the amount of convenience items being offered or introduce a home delivery service.

This is an excellent opportunity for a new owner to take this busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

LOCATION
Haven Wines occupies substantial premises, ideally located within the quaint town of Newhaven, in the Lewes district of East Sussex. The business is situated on High Street and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall. The business further benefits from good car parking facilities within the area.

Newhaven lies on the River Ouse, on the English Channel coast and is a ferry port for services to France. The town is surrounded by chalk downland, which includes the famous Seven Sisters sea cliffs and the Cuckmere valley to its east and Peacehaven to the west. According to the 2011 census, the town had a residential population of 12,232.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Newhaven Town railway station is less than 10 minutes’ walk away. The area is also well served by the A-roads, with the A259 and A26 being within easy driving distance, which links to the national A-road and motorway networks. Peacehaven is approximately 3 miles away and Eastbourne is 13 miles away.

PREMISES
Substantial ground floor premises in an ideal trading position, briefly comprising:

Main sales and display area:

1 x three metre open drink chiller unit.

1 x one metre open drink chiller unit.

Perimeter produce shelving.

Display stands.

L-shaped grocery display shelving.

Ice cream freezer.

Serve over counter with electronic cash register and credit/debit card terminal.

Cigarette gantry to rear of counter.

Small staff room.

WC.

Large floor standing safe.

External:

New security shutter fitted.

New alarm system.

6 x CCTV camera system (voice and visual recording).

New signage.

There is also a Citroen van included within the sale.

TENURE
We are advised Leasehold:

Original lease length: 15 years

Remaining lease length: 14 years as of June 2016

Review every: 5 years

Rent: £400 per calendar month

HOURS
The business is open:

Monday – Sunday: 9.00am – 11.00pm

STAFF
The business is owner run and managed with 3 x staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £234,000 per annum, with a gross profit of approximately 25%.



Tenure: Leasehold

Listed by: Hilton Smythe
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