Convenience Store for sale in Hastings

Hastings, East Sussex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Sought after trading position, town centre, 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 newsill £550 p.w. We are further advised that the gross profit is in the region of 24%. The business also has on line national lottery plus scratch cards and we understand this provides a commission of approximately £80/£90 p.w. The business also has Paypoint and we understand this provides a further revenue of approximately £50 p.w.

We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £10,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

Monday - Saturday inclusive - 7 a.m. - 10 p.m.
Sunday opening - 9 a.m. - 10 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £59,500
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
Newsagents
Off Licences
Supermarkets
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