Convenience Store with Off Licence in West Sussex For Sale

Occupying a corner position, main road trading position, residential area, West Sussex.

Turnover £ 9,500
Price £950,000

Features

Freehold Convenience Store, Counter Newsagent with off Licence

DOUBLE FRONTED PREMISES in the region of 1,050 ft² WITH ELECTRIC SHUTTERS plus CANOPY, wood strip floor, suspended ceiling with LED lights, Air conditioning with hot air, sales counter, EPOS till, modern adjustable shelving, 6 drinks display fridge (glass fronted upright double-door), deli fridge, 2 x open cool display unit, ice cream freezer, CCTV system (9 cameras, 1 monitor).

2 Stock rooms.
Office.
2 Staff Toilets with w.c. and wash hand basin.
Preparation room, 2 freezer, fridge, Oven, microwave Food to go Pastry's & Begets.

External storage in the region of 100 ft²

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,500 p.w. with a Gross profit of 22% approx.. Wholesale newsbill £300 p.w. The accounts year ending 31st March 2022 show sales of £391,494 with a Gross Profit £108,657

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

UPS PARCEL £24 per week approx.
NATIONAL LOTTERY £150 per week approx.
Hot food (about £150 per week)

Staff

The business is at present operated by the vendor with 1 full time & 1 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 7am - 6pm
SATURDAY 8am - 6pm
SUNDAY 9am - 1pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

4 Bedrooms (3 double, 1 Single).
Bathroom with bath, w.c. and wash hand basin.
Wet room with bath & shower, w.c. and wash hand basin.
Lounge.
Kitchen.
Dining Room.

Outside

Court Yard

Tenure

FREEHOLD.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2008, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £950,000 plus STOCK AT VALUATION (£35,000 APPROX.)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 665,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote