Convenience Stores for sale in East Sussex

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  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £135,000 Sale Agreed Annual Turnover: £702,000 Gross Profit: £175,500
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Business Description
Established Since 2007
Annual Turnover £702,000
Gross Profit £175,500
5 Star Food Hygiene Rating
Busy Trading Location
EPC - D
REF 6126 – Leasehold Convenience Store & Off Licence

Blacks Brokers are proud to bring to the market this leasehold convenience store and off licence located in a busy and densely populated area of Brighton and Hove, East Sussex.

INTRODUCTION

Western Road Convenience Store has been trading on Western Road since 2007 with our client in ownership since opening. The business has firmly established itself within the local community with a large base of regular customers in addition to a superb trading location bringing additional passing trade.

LOCATION

The business is located on the very busy Western Road in Brighton. Western Road is a major bus route and within easy walking distance from Brighton Beach. Public transport links in this area are excellent and the area is densely populated. Parking is available in the immediate area.

REASON FOR SALE

Western Road Convenience Store is only being offered for sale due to our client’s other business commitments and a lack of time to run this business.

LEASE

A new Internal Repair Only lease (IRO lease) will be offered at the time of this business sale – this will run at a cost of £538 per week for a 20 year term with reviews every 4 years.

BUILDING LAYOUT AND DESIGN

Western Road Convenience Store is housed within the ground floor of a large, mid-terraced retail unit. The business is well branded with large, striking signage displayed to the front of the unit above the entrance and fully glazed frontage.
Inside, the main retail area is very-well presented and well stocked, with goods displayed on wall shelving, central gondolas and within display fridges and freezers as required. The retail space is approximately 560 feet square with the convenience section positioned to the front and an internet cafe with 11 monitors and office to the rear.
Below the shop is a basement containing store rooms, kitchen and staff toilet facilities.
All areas are finished to a high standard, with good quality fixtures, fittings and equipment in place.

STAFF

Western Road Convenience Store is currently operating with five members of staff in employment – this includes a full-time manager. This business is not currently owner-operated.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Western Road Convenience Store has traded solidly over its trading history. The business generates an annual turnover of £702,000 with gross profits of £175,500.

SUMMARY

This a superb opportunity to purchase a high turnover 24 hr convenience store in a busy trading location in the heart of Brighton within a short distance from Brighton Beach.
There is some scope to develop the business further with the introduction of a new owner-operator. This proposition would ideally suit an owner operator able to push the business forward and build upon the solid and impressive trading foundations. It may also be of great interest to a similar business looking for instant expansion in this area. Early viewings are strongly advised. Fixtures:
CCTV With 14 Cameras

Cigarette Gantry

3 meter wine 5 tier chiller display unit

1 x Monster energy drinks chiller

1 x Double upright display freezer

1 x Coca Cola chiller

1 x Open fronted soft drinks chiller

1 x Double display chest freezer

1 x 2 Meter food and dairy display chiller
Trading Hours:
MON: 06:00 - 01:00
TUE: 06:00 - 01:00
WED: 06:00 - 01:00
THU: 06:00 - 01:00
FRI: 06:00 - 01:00
SAT: 24 hours
SUN: 24 hours

Tenure: Leasehold

Location Details: Brighton and Hove

Leasehold Term: Rent: £538.50 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6126
Seller Reference:
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