Profitable Counter Newsagent in West Sussex For Sale

Situated in a shopping arcade, close to sea front WEST SUSSEX TOWN

Turnover £ 10,500
Price £150,000

Features

Profitable Counter News, Specialist Tobacconist Plus Vape Products

Outstanding opportunity to acquire a Specialist Tobacconists catering for lighters, pipes, cigars. smoking accessories plus vape goods, Bong seeds & various grinders.

ATTRACTIVE SALES SHOP in the region of 600 sq. ft. sales area with carpet tiled floor, display stands, 2m open cool display unit (for soft drinks), magazine display shelving, counter, electronic cash register etc.

Stockroom

First floor
Shared ladies' & gentlemen's cloakrooms for the staff of the arcade

Turnover

WE ARE INFORMED the turnover averages £10,000/£11,000 p.w. in our opion offering further potential to increase in the right hands. Wholesale newsbill £500/£550 p.w. We are further advised that the business shows an excellent gross profit, full details of which will be discussed on inspection.

Staff

At present operated by the vendor with the assistance of 3 full time & 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 5.30 p.m.
Sunday opening - 10 a.m. - 3 p.m.
(We understand the business can be open each day to 12.30 a.m. if desired).

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (council) granted for 5 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £22,000 p.a. inclusive of service charge exclusive of rates.

Uniform Business Rates: Nil payable at present after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2013.

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£30,000 - £40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote