Retail Space for sale in Worthing

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Retail Shops - Off Licences

Worthing, West Sussex, England

  • Leasehold Price: £55,000
  • Annual Net Profit: £31,627
Seller Reference: 4729
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Business Description
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Seller Reference: 4729
Request Details
Business Description
News Agent, Confectionery, Lottery, Tobacco, Convenience Groceries, Full Free Off Licence

Busy Off-license shop on busy main road, just outside an East Worthing Train Station and surrounded by 4 schools. News Agent, Lottery, Tobacco, Grocery, Confectioneries, Soft Drinks. etc..
SINGLE FRONTED SALES SHOP in the region of 500 SQ. ft. suspended ceiling with LED lighting. Counter, till with EPOS scanning system and CCTV system with 8 cameras, monitor plus recording.
Turnover :-
WE ARE INFORMED the turnover averages £5,200 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale news bill £650 p.w. Gross profit 22% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £60 p.w. The business also has a collection & delivery parcel point which we understand provides a commission of approximately £15 p.w.
Opening Hours:-
Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 7 a.m. - 5 p.m.

Staff :-
At present operated by a lady vendor on a part-time basis with her husband on a full-time basis. 4-morning newsboys. Delivery charge £2 p.w.

Accommodation :-
The accommodation in the form of a SELF CONTAINED FLAT over DOUBLE GLAZED, comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Store Shed

Tenure :-
We understand the premises are held on a secure renewable lease, the present lease having 10 years unexpired from 18th December 2026 at a rental of £12,000 p.a. exclusive of rates up to December 2016 with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable at present after small business relief

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