Convenience Store with Post Office in West Sussex For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, West Sussex.

Turnover £ 1,500
Post Office £ 100,000
Price £175,000

Features

Superb Main Post office with Recently Established Convenience Store & off Licence

5½ DAYS OPENING ~ HUGE POTENTIAL TO INCREASE

DOUBLE FRONTED AIR CONDITIONED PREMISES, in the region of 1,350 ft², WITH ELECTRIC SHUTTERS - CCTV (8 cameras), Industrial non slip teiled floor, suspended ceiling with led lighting.

Sales counter - EPOS cash register. 2 X double door chillers, upright (1m) frozen foods cabinet, modern adjustable shelving, card racks, central display gondola.

PO SECTION - 4 counters, parcel hatch.

Store room.

Cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. with a Gross profit of 30% approx. POST OFFICE income in the region of £100,000 p.a. approx.

Staff

The business is at present operated by the vendor with the assistance of 2 full time and 2 part time staff.

We are informed the wage bill averages £1,000 p.w. approx.

Trading Hours

5½ Day week
MONDAY - FRIDAY 9am - 5pm
SATURDAY 9am - 1pm
HUGE POTENTIAL TO INCREASE

Outside

Parking to rear for 2 vehicles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2024 at a current rent of £20,000 p.a. with reviews every 5 years (next review 2029) We are advised there is a Tenant's Only Break Clause exercisable in 2029

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014 7 IS OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S OTHER BUSINESS COMMITMENTS.

Business Rates from April 2024 £2,300 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote