The concern occupies a superb trading position in the heart of Lewes and is situated on the High Street. Lewes is a bustling historic town within easy reach of the motorway networks, main line railway station and principal seaside towns are also within easy reach. Lewes is an affluent area with many residents travelling to Brighton and London on daily commutes, as well as an abundant of tourists regularly visiting the town to see many of its historic attractions. At present the vendor has a wide selection of electronics to buy, including phones, tablets, laptops and games consoles and also offers repairs such as cracked screens and battery replacements. In addition to this they also sale a range of Vape products. The business has been trading for only 6 months and only comes to the market due to the vendors wish to focus on his other business.

THE PREMISES: The high street premise has recently been completely refurbished and comes to the market in an excellent condition. The main retail area benefits from a glass display cabinet on one side and then wracking and display shelving on the opposite side for the mobile phone and tablet cases. The shop front window also has a secure glass cabinet which includes some high-priced electronics, such as games consoles, laptops and phones. The counter is towards the rear of the premise. The premise also benefits from a large full height basement, which is currently being used for storage and has a kitchenette area, however could easily be used as an additional retail space. There is also a toilet towards the rear of the premise. The premise is fitted with CCTV, alarm system and electric shutters. Our client has confirmed that all fixture and fittings are owned outright and will be included as part of the sale.

TURNOVER: The business is currently run by the vendor and the current opening hours are Monday-Saturday 10am-6pm. We are informed that the average weekly turnover amounts to £1,500.

TENURE: The premises are held on a full repairing and insuring lease, which has approximately 15 years unexpired at a current rent of £22,000 per annum. Rent reviews are due to take place every 5 years and there is a break clause in year 5 of the lease.

RATES: The current rates payable amount to £5,000 per annum and the rateable value for the property is £14,000 per annum. Prospective purchaser should make their own enquiries to verify same.

PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £39,000 SAV (Stock estimated at £15,000)

VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.

ENERGY PERFORMANCE CERTIFICATE: EPC rating D – Full report available on request

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE & FINANCIAL PLANNING: We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status.

Prop. Ref: 6760M

These particulars are believed to be correct but their accuracy is not guaranteed and
they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential. I also undertake that I will:
i) View businesses registered with Watkins Commercial by appointment only.
ii) Not contact any owner, staff, suppliers, competitors or customers of any business registered with Watkins Commercial
iii) Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor et. Bank, solicitor, surveyor accountant, etc.
iv) Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations
v) Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial.