Newsagents for sale in East Sussex

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EAST SUSSEX - Supermarket and Post Office

East Sussex, England

  • Leasehold Price: £495,000
  • Weekly Turnover: £16,000
Seller Reference: NB-C8915
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Business Description
 
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Seller Reference: NB-C8915
Request Details
Business Description
Nationwide, Businesses are delighted to present to the market SUPERBLY FITTED COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, CONVENIENCE GROCERIES with MAIN POST OFFICE. Situated in a parade, prime trading position, close to the seafront, SUSSEX COASTAL TOWN.

IMPRESSIVE & SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 2,500 sq. ft. sales area all refurbished & refitted in March,2014 at considerable expense. Tiled floor, suspended ceiling with concealed LED lighting. Retail counter with 2 electric cash registers with EPOS scanning system. Post Office combination counter. 3 open cool display units, 1 upright double door glass fronted display deep freezer, ice cream deep freezer, display gondolas, 18 greeting car display stands. Post Office counter with anti-bandit screen (5 positions). CCTV system with 16 cameras, 2 monitors plus recording etc.

Cloakroom with w.c. & wash hand basin

Large cellar for storage purposes

Turnover : £16,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,500 p.w. We understand the business enjoys good greeting card sales. We are further advised that the gross profit is in the region of 26%. Post Office income in the region of £130,000 p.a. approx. (including commission in respect of on line national lottery sales, Payzone & ATM machine).

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £495,000 plus STOCK AT VALUATION (£40,000/£50,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £495,000 (C8915)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
Is accommodation included?:
Rear access to SPACIOUS living accommodation, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, is at present let on a room by room basis on shorthold tenancies & provides a current rental income of £2,700 per month. The accommodation comprises:

4 Double Bedrooms
Shower room with shower, w.c. & wash hand basin
Second shower room with shower, w.c. & wash hand basin
Lounge (used as 5th double bedroom)
KitchenSmall yard at rear.
Listed by:
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