Counter Newsagent with Convenience Store in East Sussex For Sale

Situated in a Parade, excellent main road trading position, residential and commercial area, EAST SUSSEX.

Turnover £ 4,500
Price £99,500

Features

Newly Fitted Counter Newsagent with Convenience Store and off Licence

DOUBLE FRONTED PREMISES, in the region of 540 ft², WITH ELECTRIC SHUTTERS, CCTV (6 cameras), tiled flooring, suspended ceiling with LED lighting.

Sales counter, EPOS cash register, 3 large open fronted chillers, Walls ice cream freezer, double door upright freezer, adjustable shelving, vape display, card rack display, central gondola, etc.

Store room.

Satff cloakroom with toilet and wash hand basin.

Stairs to Basement (in the region of 500 ft²), not utilised. Potential to be used for storage or, subject to planning permission, accomodation.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 25% approx.. Wholesale newsbill £200 p.w.

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

NATIONAL LOTTERY £50 per week approx.

PAY POINT £15 per week approx.

PARCEL SEVICES £80 per month approx.

InPost £900 per year approx.

Staff

The business is at present operated by the Husband & Wife team on a part time basis with 1 full time & 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 9pm

Outside

Small yard.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2014 with reviews every 3 years (next review 2026) at a current rent of £15,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION (£17,500 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote