Convenience Store for sale in Chichester

Chichester, West Sussex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade of 3 shops, excellent trading position, close to hospital & University, WEST SUSSEX

WE ARE INFORMED the turnover averages £5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,200 p.w. 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 £70 p.w. We are further advised that the sales year ending 31st August, 2012 showed £212,889 with a gross profit of £41,229 i.e. 18.52% plus income from national lottery sales plus scratch cards of approximately £3,500 p.a.

We understand the entire premises are held on a secure renewable lease from a private landllord, the present lease having approximately 12 years unexpired from July, 2014 at a current rental of a rental of £15,400 p.a. exclusive of rates up to July, 2018, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £3,200 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 13 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation in the form of a SELF CONTAINED MAISONETTE over, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 large double plus 1 additional double)
Bathroom with bath, shower over bath, w.c. & wash hand basin
Large Lounge
Kitchen with fitted units

First floor balcony

Monday - Saturday inclusve - 6 a.m. - 7 p.m.
Sunday opening 6.30 a.m. - 1 p.m.
PLEASE NOTE ON ALL BANK HOLIDAYS THE BUSINESS OPENS FROM 6.30 A.M. - 1 P.M. ONLY

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION (£15,000/£18,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £80,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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