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Reference : C6703

Situated end of parade, excellent main road trading position, EAST SUSSEX (Please register to make appointments and view addresses)

WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £2,700 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand that this provides a commission of approx. £160 p.w. The vendor has recently introduced an Inter-Net Café with 7 computers. We understand that this is providing an additional income of approx. £300 p.w.

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £160,000 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Spacious Sales Shop approx. 450 sq. ft. sales area with laminated strip floor, suspended ceiling, 2 air conditioning units. The equipment includes counter, electronic cash register, 2 open cool display units (including 1 on loan), cigarette gantry (on loan), ice cream deep freeze (owned), modern shelving.

Large basement comprising 3 rooms
Staff w.c.

The business is at present operated by a husband and wife team with the assistance of 2 part time plus 2 casual staff. 8 morning newsrounds. Delivery charge 80p/£1 p.w.

Monday - Saturday inclusive - 5 a.m. - 10.30 p.m.
Sunday opening - 8 a.m. - 10.30 p.m.

We understand the premises are held on a secure renewable lease having approx. 10½ years unexpired at a rental of £15,750 p.a. exclusive of rates for the next 2½ years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £4,500 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

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