Old Established Convenience Store in East Sussex For Sale

Excellent trading position, just of the sea front EAST SUSSEX

Turnover £ 5,500
Price £80,000

Features

Convenience and Indian Grocery Store

LICENCED 7am - 9pm (not utilised)

SINGLE FRONTED PREMISES in the region of 2,500 ft² WITH SLIDING DOOR & INTERNAL SHUTTER, tiled floor, suspended ceiling with LED Panel lights, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, walls Ice Cream Freezer, glass topped deep freeze, 3 door freezer, open cool display unit (6 metres), open cool display unit (4 metres), open cool display unit (2.4 metres), 4 Meter drinks display fridge (glass fronted upright four-door), CCTV system (30 cameras, 1 monitor).

Stock room.
Staff Toilet with w.c. and wash hand basin plus Shower.
Kitchen
Additional Rest Room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 - £6,000 p.w. with a Gross profit of 25% approx.. Wholesale newsbill £200 p.w.

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

NATIONAL LOTTERY awaiting installation
PAY POINT £20 per week approx.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 7.30pm
SUNDAY 10am - 6pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £20,000 p.a.

Business Rates from April 2025 £2,490 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote