Convenience Store with adjoining Dessert Parlour in Hove For Sale

Situated in a parade, main road trading position, residential and commercial area, EAST SUSSEX HOVE

Turnover £ 650
Price £49,500

Features

International Grocery Store with Adjoining Waffle and Ice Cream Bar

FRONT FORECOURT FOR DISPLAYING FRUIT & VEG

DOUBLE FRONTED PREMISES in the region of 1,260 ft². Lino floor, suspended ceiling with panel lights. Sales counter, EPOS till, modern adjustable shelving, 3m open cool display unit, butchers cool display counter with refrigerated storage section, 2 display freezers. CCTV system (6 cameras, 1 monitor).

Walk-in coldroom

Walk-in freezer

Small stockroom

ICE CREAM BAR SIDE
Laminated strip floor. Cool display counter with refrigerated storage section, EPOS till, 3-door glass fronted upright drinks display fridge, 2 ice cream freezers with double doors.

Kitchen with waffle maker

Staff toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £650 p.w. with a gross profit of 35% approx. in our opinion offering tremendous potential for further development in the right hands.

Staff

The business is at present operated by a husband & wife team

Trading Hours

7 Day week
MONDAY - SATURDAY 9.30 a.m - 6.30 p.m
SUNDAY 10.30 a.m - 5.30 p.m

Outside

Small Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £22,620 p.a.

Business Rates from April 2022 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote