Craft Shops for sale in Eastbourne

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Eastbourne, East Sussex, England

  • Leasehold Price: £59,000  Price Reduced arrow_drop_down
  • Annual Turnover: £157,000
Seller Reference: SE001959
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Business Description
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Seller Reference: SE001959
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Business Description
Charming shop premises with high ceilings and large picture windows, etc set in sought-after area of Eastbourne, selling sewing & fabric related craft items, patterns & also sewing machines, etc. T/O £157,000+pa with good profit. Many regular clients, Members Club, classes and event days bring extra biz. Renewable lease, rent £12,300pa inc VAT. Great business with lots more scope to expand further, if desired.
Location Details:
This well established & regarded business is located in a parade of shops in what is considered to be in a desirable area of this busy prosperous seaside town in East Sussex. The trading location attracts a number of other specialist businesses including a well known artists gallery, a vegetarian bistro, photographic studio and high class deli, and also provides easy on road parking for customers, many of whom travel many miles to visit this particular destination shop.
Leasehold Term:
We understand that the premises are held on a secure renewable 6year lease with a tenant only breakclause option at 3years and approximately 5years remaining of the current term and a combined rent of £3,075 inc Vat per quarter/£12,300per annum including Vat. The current Business Rates payable are approximately £zero per annum due to Small Business Rate Relief.
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