Impressive Convenience Store and Off Licence in West Sussex For Sale

Situated in a parade, sought after residential area, WEST SUSSEX

Turnover £ 10,000
Price £185,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

SHARED CUSTOMERS CAR PARKING FOR 6 CARS

SPACIOUS SALES SHOP in the region of 1,200 sq. ft. sales area with tiled floor, LED lighting, 1 air conditioning unit. Well equipped including new beer chiller (cost £9,000), 2 glass topped chest deep freezers, modern shelving, counter, 2 tills with scanning system, 1 single door & 1 double door glass fronted display fridges (both on loan) etc.

Large stockroom
2 staff cloakrooms with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £700/£800 p.w.

Staff

At present operated by the vendor's brother with the assistance of 4 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive- 7 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 2 p.m.

Accommodation

The accommodation in the form of a MAISONETTE over, newly refurbished DOUBLE GLAZED & we understand REFURBISHED approximately 2 years ago, The accommodation comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin
Lounge
Large Kitchen, recently refitted (cost £13,000.)

We are further advised the accommodation could be let to provide a rental income of £1,500 per calendar month.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a NEW SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2023 with reviews every 5 years (next review 2028) at a rent of £25,000 p.a. (As will be appreciated should the accommodation be let at £18,000 p.a. the net rent payable would only be £7,000 p.a).

Uniform Business Rates: £2,200 p.a.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £185,000 plus STOCK AT VALUATION (£40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 92,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote