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, residential area, EAST SUSSEX

WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,000 p.w. Gross profit 24% approx. Post Office salary £44,000 p.a. approx. (including commission in respect of the sale of on line national lottery tickets plus scratch cards). In addition the business has an ATM machine which we understand provides a further revenue of approximately £300 per month.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease in respect of the shop premises with accommodation over at a rental of £34,400 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (The vendor is also prepared, subject to satisfactory references to grant a new 15 years full repairing and insuring lease in respect of the shop only (excluding the living accommodation) at a rental of £20,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years).

Uniform Business Rates: Nil payable after full relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

The SELF CONTAINED accommodation DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, is available as an optional extra & comprises:

First Floor
Lounge
Kitchen with fitted units
2 Double Bedrooms

Second Floor
2 Single Bedrooms plus 1 small room (used as a stockroom)
Bathroom with bath, shower over bath, w.c. and wash hand basin

Monday - Saturday inclusive - 6 a.m. - 8 p.m.
Sunday opening - 7 a.m. - 5 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £550,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £150,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Post Offices
Supermarkets
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