Newsagent with Off Licence and Post Office in East Sussex For Sale

Situated in a parade, residential area, EAST SUSSEX.

Turnover £ 2,700
Post Office £ 38,000
Price £95,000

Features

Newsagents with Off Licence Plus Loacl Post Office

DOUBLE FRONTED SALES SHOP in the region of 600 sq. ft. sales area, CCTV (16 cameras.) Non-slip industrial vinyl flooring , suspended ceiling with LED lighting. Aircondirtioning. Sales counter, EPOS cash register. 2 large open display chillers, soft drinks fridge, ice cream freezer, adjustable shelving, card racks, slat to wall fixings, etc.

Post office combi counter (2 positions.)

Stock room.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,700 p.w. with a Gross profit of 30% approx. Wholesale newsbill £1,600 p.w. POST OFFICE income in the region of £38,000 p.a. approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £40 per week approx.

Staff

The business is at present operated by the vendor and daughter team with the assistance of 1 part time staff. 1 Newsround, delivery charge £3.50 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 6.30 a.m. - 5.30 p.m.
SUNDAY 6.30 a.m. - 1 p.m.

Accommodation

Available as an optional extra on a shorthold tenancy at a rental of £850 per month is a SELF CONTAINED MAISONETTE over, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, all generally in GOOD CONDITION, comprises:

First Floor
Large Lounge plus adjoining fully fitted kitchen
Fully tiled shower room with shower, w.c. & wash hand basin

Second Floor
3 Bedrooms (2 doubles, 1 large single)
Fully tiled bathroom with bath, w.c. & wash hand basin

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2024 with reviews every 4 years (next review 2028) at a current rent of £10,660 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote