Search more Convenience Stores for sale in East Sussex
Reference G7663

Convenience Store in East Sussex For Sale

Convenience Store in East Sussex For Sale
Convenience Store in East Sussex For Sale Buy a Convenience Store in East Sussex For Sale Sell a Convenience Store in East Sussex For Sale

Register to see map and to make an appointment Occupying a corner position, busy road, end of terrace, residential area, EAST SUSSEX

Turnover 7,500
Price 70,000 / 220,000

Features

Well Established Self Service Stores, Counter News, Confectionery, Tobacco, Full Free off Licence Plus On Line National Lottery

Forecourt area to DOUBLE FRONTED SALES SHOP probably in the region of 450 sq. ft. sales area. The shop has air conditioning & 2 ceiling fans. The equipment includes EPOS system till with scanner, counter, 1 large fridge used for soft drinks, 1 large fridge used for beers & wines, 1 large dairy cabinet for milk, cheeses, sandwiches, 1 large deep freezer display unit for frozen food, 2 ice cream freezers.

Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 400 p.w. Gross profit 18% approx.The business has an ATM machine which we understand provides a commission of approximately 7,000 p.a.

Staff

The store is totally run by staff as the vendor has retired.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 11 p.m.
Sunday opening - 8.30 a.m. - 10.30 p.m.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease at a rental of 12,000p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: Nil payable after small business relief

THIS WELL ESTABLISHED SELF SERVICE STORES HAS BEEN IN THE SAME HANDS FOR THE PAST 35 YEARS AND IS NOW OFFERED FOR SALE DUE TO RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 70,000 plus STOCK AT VALUATION (10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 220,000 plus STOCK AT VALUATION (10,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

It should be noted that separately above & behind the shop there are 2 1-bedroom flats & 1 spacious 2-bedroom maisonette. We understand all 3 are available for sale. Each 1 bedroom flat is 185,000 & the price in respect of the 2 bedroom maisonette is 275,000.

Finance

Subject to status, you maybe able to borrow up to 35,000 (lease) 154,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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