Convenience Store for sale in East Sussex

East 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, busy road, close to school, residential area, EAST SUSSEX.

WE ARE INFORMED the turnover averages £8,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £550/£600 p.w. We are further advised that the gross profit is in the region of 24%. The business is also agents for the sale of on line national lottery tickets plus scratch cards which we understand provides a commission of approximately £90 p.w. The business also has Paypoint which we understand provides a commission of approximate £10/£15 p.w. & an ATM machine (free for customers to use) which we understand provides a revenue of approximately £40 per month. The business is also agents for a Parcel Collect & Delivery service which provides a further revenue at the present time of approximately £24 per month.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insurng lease in respect of the shop, 2 flat and 2 garages at a rental of £25,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation comprises 2 SELF CONTAINED MAISONETTES 1 of which is used by the present owners whilst the second maisonette is let on a shorthodl tenancy & currently provides a rental income of £800 per month, shortly to be increased to £900 per month. Each flat NIGHT STORAGE HEATERS & comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Large Lounge/Dining Room
Fitted Kitchen

Monday - Thursday inclusive - 7 a.m. - 9 p.m.
Friday & Saturday - 7 a.m. - 10 p.m.
Sunday opening - 8 a.m. - 4 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION (£20,000/£25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £99,500
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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