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Home Businesses Convenience Stores East Sussex Profitable Self Service Convenience Store, News, C...

Advert Ref : G6221 Convenience Stores for sale in East Sussex

Profitable Self Service Convenience Store, News, Confectionery, Tobacco, Greeting Cards, Full Free off Licence Plus On Line National Lottery



Situated in a parade, excellent main road trading position, sought after residential area, EAST SUSSEX

Features SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 500/600 sq. ft. sales area. Well equipped including tiled floor, suspended ceiling with concealed lighting, air conditioning/heating unit. Counter, electronic cash register, cigarette gantry (on loan), centre display gondola, 1 greeting card display stand plus additional card display unit, 2m open cool display unit (used for beers and wines), 1-1m open cool display unit (used for soft drinks), 1-2.5m open cool display unit (used for dairy produce, milk etc), glass fronted ice cream deep freeze (owned), spacious magazine display shelving, hot drinks machine etc.

Stockroom with upright fridge plus upright double door glass fronted fridge
Staff cloakroom with w.c. and wash hand basin
Small office
Cellar, ideal for storage purposes
Turnover WE ARE INFORMED the turnover averages 10,500 p.w. inclusive of VAT, in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 1,800/2,000 p.w. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a further revenue of approximately 80 p.w. We are further advised that the trading and profit and loss accounts year ending 31st July, 2011 showed sales of 475,942 with a gross profit of 105,871 plus lottery commission of 4,423 providing a total gross profit of 110,294.
Staff The business is at present operated by 2 partners (only 1 working in the shop normally at any one time) plus 3 full time and 2 part time staff. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced. 7 newsrounds. Delivery charge 2 p.w.
Opening Hours Monday - Saturday inclusive - 5 a.m. - 10 p.m.
Sunday opening - 5 a.m. - 6 p.m.
Tenure We understand the premises are held on a secure renewable lease for a period of 16 years from August, 2006 at a rental of 11,000 p.a. exclusive of rates. We understand from the present owners there was a rent revision due in August, 2010, however, the landlords did not request any increase. We further understand that the next rent review is in August, 2014, with rent reviews every 4 years.

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

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE
Price TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 65,000 plus STOCK AT VALUATION (20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Please call 020 8763 1777 for an appointment to view
Reference G6221

             

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Convenience Stores for sale in East Sussex

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Business Summary
Reference: G6221
Accom: No
Turnover: 10,500 p.w.
Leasehold: 65,000
was 85,000

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Finance the Purchase
We can lend you up to 33,000 to purchase this business subject to status, with a house or additional security you maybe able to borrow the full amount.


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