Town Centre Counter Newsagency Near Eastbourne, East Sussex For Sale.
Price:
Leasehold - £29,999
Location:
East Sussex, Near Eastbourne
Business Type:
Retail businesses
The shop has been established for many years and has been in the hands of our client since about 1996. It is now for sale as our client’s family have moved away. This is one of the most complete newsagency businesses which has come to the market and offers virtually every aspect of retailing associated with newsagency shops. An across the board range of items are sold including newspapers and magazines – counter sales only, photo frames, soft drinks, pocket money toys, batteries, over the counter medicines, crisps, cards, postcards, gift wrap and gift bags together with cigarettes, tobacco and counterline confectionery. There is an online lottery and, most importantly, a PayPoint facility. The wholesale news bill averages £1,400 per week.
Annual accounts for the year ended 31st March 2009 confirm that sales reached £404,988, (excluding VAT) with £69,732 gross profit. In addition there were commissions received of £35,289 producing a total gross profit of £105,021
The fine town centre position that the shop occupies ensures constant passing trade and within the boundaries of the town there are plans to build many hundreds of new homes which should result in far higher levels of trade. Additionally, new working owners could make substantial savings on current staff wages (subject to any employment protection the staff may enjoy) as the shop is run by a single proprietor with staff help.
TENURE
This is preliminary information subject to confirmation. A 25 year lease from 1987 with 5 yearly rent reviews at a current basic rent of £30,000 per annum (until review in 2012).
The shop is situated in the best position in town. It is at the heart of the shopping centre. There is a high volume of passing footfall, a ‘bus stop outside and a wide array of multiple and private retailers including a supermarket, convenience store, Sussex Stationers, Boots the Chemist, Thomson’s Holiday Shop, a number of estate agencies, chemist and betting shop. There are a good number of car parks to cope with the number of shoppers visiting the area.
This is preliminary information subject to confirmation. A 25 year lease from 1987 with 5 yearly rent reviews at a current basic rent of £30,000 per annum (until review in 2012).
6.30 am to 6.00 pm Monday to Saturday inclusive. 7.30 am to 1.00 pm Sunday.
Office Area. Night storage heater.
Lounge/Dining Room. About 23.2 sq m (250 sq ft). Night storage heater.
Kitchen. About 6.1 m x 1.4 m (20’3” x 4’9”) plus 1.7 m x 1.2 m (5’9 x 4’). There is a moulded laminate work surface, stainless steel single drainer sink unit, range of suspended wall cupboards.
Bathroom. Some wall tiling, panelled bath, pedestal wash basin, low level WC, linen cupboard.
Bedroom 1. About 4.4 m x 2.8 m (14’9” x 9’6”).
Bedroom 2. About 4 m x 2.4 m (13’3” x 8’). Range of fitted hanging and shelved units, built in cupboards.
Bedroom 3. About 3.8 m x 2.9 m (12’6” x 9’9”). Built in cupboard, night storage heater.
UK Non-Specific
£ 800,000
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