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Reference G7635

Supermarket in Bognor Regis For Sale

Supermarket in Bognor Regis For Sale
Buy a Supermarket in Bognor Regis For Sale Sell a Supermarket in Bognor Regis For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, WEST SUSSEX BOGNOR REGIS

Turnover 18,000
Price 240,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence Plus On Line National Lottery

Electric shutters to DOUBLE FRONTED SALES SHOP in the region of 1,100 sq. ft. sales area with carpet tiled floor, fluorescent lighting. The equipment includes counter, 2 electronic cash registers, ice cream deep freezer, 1 glass topped display deep freezer, 4-3.75m open cool display units, 1 greeting card display spinner etc.

Rear storage area
Office
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 18,000 p.w. inclusive of VAT, in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 500/600 p.w. We are further advised that the gross profit is in the region of 24%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 150 p.w. The business also has Western Union Money Transfer & we understand this provides a further revenue of approximately 600 per month. We are further advised that Money Gram is shortly being introduced.

Staff

The business is at present operated by 2 partners with the assistance of their wives plus additonal family help on a part time basis.

Trading Hours

7 a.m. - 10 p.m. seven days per week

Accommodation

The SPACIOUS living accommodation in the form of a SELF CONTAINED MAISONETTE over, is at present used for private use, however could be sublet to provide a rental income if not required for personal use. The MAISONETTE comprises:

3 bedrooms (1 double, 1 small double, 1 single)
Partly tiled bathroom with bath, w.c. & wash hand basin
Large lounge
Fitted kitchen

In addition to the main accommodation, there is a SELF CONTAINED FLAT on the first floor also at present used by the owners, however if not required for personal use has the potential to be let on a shorthold tenancy to provide a rental income. The FLAT with DOUBLE GLAZING, comprises:

Double Bedrooms
Mainly tiled bathroom with bath, w.c. wash hand basin (new suite)
Lounge
Fitted kitchen

Outside

Separate building at rear with ground & first floor used for storage purposes
Small yard

Tenure

We understand the entire premises are held on a secure renewable lease from a private landlord, the present lease expiring on the 30th November, 2025 at a current rental of 27,000 p.a. exclusive of rates up to November, 2017 with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 9,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR TE PAST 13 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 240,000 plus STOCK AT VALUATION (60,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 120,000 (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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