Hilton Smythe welcomes to the market Teshco Local. This very popular multi facet concern is a winning combination of a newsagents, convenience store and busy post office.
The business reports a turnover of £350,000 with a gross profit of 25%, with an additional post office salary of circa £32,000 per annum. Revenue is derived from the sale of newspapers, PayPoint, lottery sales, alcohol and tobacco sales and the store holds a small selection of convenience items with the potential to increase by using the storage area to the rear of the store if required.
In addition the business has a thriving post office with the usual host of services and is very well supported by the local community. We are advised that when a new owner acquires the business it is envisaged that the post office will be relocated within the retail area and that these changes could reduce the post office salary to circa £22,000.
The business has been successfully run by our client since 2006 and only now does the business come to the market due to our clients other business interests and early viewing is highly recommended.
Teshco Local is situated in the vibrant seaside resort of Brighton, East Sussex.
The business is ideally located just 10 minutes from the main town centre, set within a large residential area from which the business derives much trade. The business also benefits from being opposite a local school and conveniently there is a bus stop directly outside ensuring heavy footfall.
Brighton is easily accessible from several arterial roads, the A270, A23 and A27 all serve the area. The town also has excellent public transport links being served by numerous railway stations and a good network of bus routes.
Single fronted end parade premise briefly comprising:-
Single wooden white painted fully glazed door leading into main shop floor.
Slight ramp incline leading through doorway.
Ceramic tiled floor throughout.
Multiple free standing racking and shelving units consisting of the following sections:-
Household convenience items
Food – bread and eggs
Perspex newspaper rack
Metal magazine racking
1 x full height and full width chiller
1 x Twin sided gondola
1 x Twin sided gondola
Multiple shelving to side of counter
Crisp racking to front
Full height scratch card display unit
2 x electronic tills
1 x National Lottery terminal
1 x PayPoint terminal
1 x Smirnoff Ice branded two door glass full height chiller
1 x two door slim line cigarette gallery
Shelving holding spirits, wine and beers
1 x chest freezer to side of counter
1 x Post Office branded free use cash machine
Standard issue old style full height glass fronted PO counter, with slatted wall to the front and behind.
To the rear is a storage area, with further storage to the side of the post office area.
We are advised leasehold
The remaining length of the lease is until 2016
Rent is £7000 per annum.
To be advised
The business is owner run and managed.
The business reports a turnover of £350,000 with a gross profit of 25%, with an additional post office salary of circa £32,000 per annum.
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