Newsagent & Off Licence in St Leonards-on-Sea For Sale

Situated in a parade, busy road, EAST SUSSEX ST LEONARDS-ON-SEA

Turnover £ 2,800
Price £39,500

Features

Counter News, Confectionery, Tobacco Slight Convenience Groceries, Full Free off Licence

Electric shutters to DOUBLE FRONTED MEDIUM SIZED SALES SHOP (375 sq ft approx) with tiled floor, counter, electric cash register with EPOS scanning, 2-1.5m open cool display units, ice cream deep freezer etc.

Cellar with 2 rooms - ideal for storage purposes

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £2,800 p.w. in our opinion offering further potential to incease in the right hands. Wholesale newsbill £350/£400 p.w. We are further advised that the gross profit is 22% approx. The business is agents for the sale of on line national lottery tickets plus scratchcards the machine rented at £50 per month.

Staff

The business is at present operated by the vendor's wife with family help when required.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 1 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Outside

Small yard at rear

Tenure

We understand the premises are held on a secure renewable lease from a private landlord for a period of 10 years from September, 2013 at a rental of £9,600 p.a. exclusive of rates up to September, 2023 with rent to be agreed thereafter. We further understand that the landlord, subject to satisfactory references, is prepared to grant a new longer lease at terms and rent to be agreed.

We are advised the Landlord will require a 3 / 6 months rent deposit, depending on references.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £39,500 plus STOCK AT VALUATION (£16,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 19,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote