Supermarket and Indian Takeaway in East Sussex For Sale

Situated in a parade, busy road, residential area, EAST SUSSEX

Turnover £ 8,000
Price £150,000

Features

Immense Convenience Store & Indian Takeaway (opening Soon)

DOUBLE FRONTED PREMISES in the region of 4,000 ft² with Double doors, industrial non-slip floor, suspended ceiling with fluorescent lighting, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, Coca-Cola fridge, ice cream freezer, slass topped deep freeze, 6 Meters drinks display fridge (glass fronted upright 6 double-doors), CCTV system (4 cameras, 1 monitor.

Staff room.

Staff Toilet with w.c. and wash hand basin.

Kitchen, stainless steel extractor unit, etc

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 25% approx.. Wholesale newsbill £180 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

PAY POINT £15 per week approx.

Staff

The business is at present operated by the 2 brothers

Trading Hours

7 Day week
MONDAY - THURDAY 7am - 10pm
FRIDAY & SATURDAY 7am - 11pm
SUNDAY 8am - 11pm

Accommodation

THE SELF CONTAINED ACCOMMODATION , Double-glazed windows with Gas Fired Central Heating, at present let on a shorthold tenancy providing a rental income of £950 per month. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

ADDITIONAL SELF CONTAINED ACCOMMODATION , Double-glazed windows with Gas Fired Central Heating, at present let on a shorthold tenancy providing a rental income of £1,200 per month. The accommodation comprises:

3 Bedrooms (3 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £37,500 p.a. + VAT

(As will be appreciated with the rental income currently of £25,800 p.a. in respect of the self contained maisonette, there is in fact at the present time a rental of just £11,700 p.a).

Business Rates from April 2024 £2,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO PERSONAL REASONS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£50,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote