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Reference C8915

Supermarket and Post Office in East Sussex For Sale

Register to see map and to make an appointment Situated in a parade, prime trading position, close to the seafront, SUSSEX COASTAL TOWN.

Turnover 16,000
Post Office 130,000
Price 495,000

Features

Superbly Fitted Counter News, Confectionery, Tobacco, Greeting Cards, Convenience Groceries with Main Post office

IMPRESSIVE & SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 2,500 sq. ft. sales area all refurbished & refitted in March,2014 at considerable expense. Tiled floor, suspended ceiling with concealed LED lighting. Retail counter with 2 electric cash registers with EPOS scanning system. Post Office combination counter. 3 open cool display units, 1 upright double door glass fronted display deep freezer, ice cream deep freezer, display gondolas, 18 greeting car display stands. Post Office counter with anti-bandit screen (5 positions). CCTV system with 16 cameras, 2 monitors plus recording etc.

Cloakroom with w.c. & wash hand basin

Large cellar for storage purposes

Turnover

WE ARE INFORMED the turnover averages 16,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 1,500 p.w. We understand the business enjoys good greeting card sales. We are further advised that the gross profit is in the region of 26%. Post Office income in the region of 130,000 p.a. approx. (including commission in respect of on line national lottery sales, Payzone & ATM machine).

Staff

At present mainly staff operated. Staff employed. Retail shop 4 full time plus 2 part time with the assistance of the vendor on a part time basis. Post office section 4 full time plus 1 part time.

Trading Hours

Sunday - 7 a.m. - 10 p.m.
Monday - Thursday inclusive - 6 a.m. - 10 p.m.
Friday & Saturday - 6 a.m. - 11 p.m.

Post office section
Monday - Saturday inclusive - 9 a.m. - 5.30 p.m.

Accommodation

Rear access to SPACIOUS living accommodation, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, is at present let on a room by room basis on shorthold tenancies & provides a current rental income of 2,700 per month. The accommodation comprises:

4 Double Bedrooms
Shower room with shower, w.c. & wash hand basin
Second shower room with shower, w.c. & wash hand basin
Lounge (used as 5th double bedroom)
Kitchen

Outside

Small yard at rear.

Tenure

We understand the entire premises are held on a secure renewable lease having 21 years unexpired from January, 2018 at a current rental of 30,000 p.a. exclusive of rates. We understand there is a rent review in January, 2018 and thereafter every 4 years. (As will be appreciated with the current rental income from the accommodation of 32,400 p.a. exclusive of rates at the present time there is a profit rental of 2,400 p.a. exclusive of rates).

Uniform Business Rates: 12,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED RETAIL SHOP COMBINED WITH MAIN POST OFFICE IN THIS EXCELLENT TRADING POSITION

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 495,000 plus STOCK AT VALUATION (40,000/50,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 247,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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