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Reference G8659

Unopposed Convenience Store in East Sussex For Sale

Unopposed Convenience Store in East Sussex For Sale

Register to see map and to make an appointment Situated in a small parade of 3 shops, excellent trading position, residential area, E Sussex.

Turnover 8,500
Price 365,000

Features

Virtually Freehold Convenience Store & off Licence + Bedding Plants

PREMISES 1,016.1ft (94.4M)

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS. Air conditioning with hot air. Suspended ceiling with spot lights, tiled floor, sales counter, cash register, modern adjustable shelving, double door glass fronted drinks fridge, 2 ice cream freezers, double chiller, etc.

Staff toilet with w.c. and wash hand basin
Stockroom with shelving

Turnover

WE ARE INFORMED by the owner the turnover currently averages 8,500 p.w. with a gross profit of 22% approx. We are advised accounts 2020 showed sales of 369,338 with a GP of 73,960

WE ALSO UNDERSTAND that in addition to the turnover the 2020 accounts show 22,926 commission from sale of NATIONAL LOTTERY + TOP UPS AND PARCEL DELIVERY SERVICE etc.

Staff

The business is at present operated by the lady vendor with the assistance of 2 part time staff. 4 newsboys employed, delivery charge 2 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY inclusive 5.30am - 6.30pm
SUNDAY 5.30am - 2pm

Outside

Owners Parking space for 1 car plus substantial free parking to front

Tenure

We understand the property is Long leasehold having approximately 70 years unexpired at a peppercorn rent of 12.50. We understand the freehold is owned by the 5 residents of the block and a longer lease available, if required.

NIL Business Rates after full relief (Please contact local authority to confirm) plus WATER RATES (METERED).

THE BUSINESS IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RETIREMENT.

Price

TO INCLUDE THE VALUABLE LONG LEASEHOLD PROPERTY PLUS PART OF FREEHOLD COMPANY, GOODWILL, FIXTURES & FITTINGS 365,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 255,500 (long 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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